As widely expected, China’s Q2 GDP slowed to 6.2% yoy, after 6.4% yoy in Q1. This marked the weakest level in 27 years. By contrast, monthly real activity data like industrial production (IP), urban investments and retail sales surprised on the upside.Read Now
A higher than expected increase in the shelter and medical services components component lifted core CPI inflation to 2.1% yoy. The collapse in the energy component compressed the headline rate to 1.6%.Read Now
Central banks are about to press the ‘easing’ button again. But the likes of the ECB and BoJ are facing the law of di-minishing return, i.e. it is not clear that their actions will effectively re-anchor inflation expectations at higher levels. If, by cutting rates to negative and buying loads of assets they have not succeeded, why would they now?Read Now
Edited by the Macro & Market Research Team. The team of 13 analysts based in Paris, Cologne, Trieste, Milan and Prague runs qualitative and quantitative analysis on macroeconomic and financial issues.
The team translates macro and quant views into investment ideas that feed into the investment process.
Over the last days, two different business confidence surveys highlighted the rising dichotomy of foreign and domestic demand in the Japanese economy.Read Now
Almost ten years of record low interest rates have raised leverage in the non-financial sector as well as investors’ tolerance for riskier and less liquid instruments. As a result, the average quality of corporate debt has worsened.Read Now
Since its access to the WTO in late 2001, China has seen a stellar rise of its economy, managing to raise its nominal GDP eight-fold and to become the largest export economy in the world.Read Now
Population ageing is one of the most disruptive trends of the twenty-first century: it is affecting nearly all sectors of the society, from labour market and productivity to savings and consumption behavior.Read Now
Generali Investments Partners S.p.A. Società di gestione del risparmio (GIP) has strengthened its team with two appointments that enrich the company’s expertise, to better respond to market requirements and ensure its offering and structure are more and more customer-centric.Read more