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08/05/2017May: investment perspectives for financial markets
Part of the political uncertainty which has been affecting Europe has been dispelled following the results of the first round of the French presidential elections. Opinion polls on the second round of elections, which will take place on May 7th, already place Macron, the leader of a pro-European party, as the next President of France. Equities perform better than fixed income in the current environment, with macro data, which continues to exceed expectations in Europe, providing support for the growth of corporate earnings for 2017, which is a welcome change after five years in which corporate earnings growth estimates have been gradually revised downwards. The discourse of the main central banks has changed towards a less expansionary approach, and this will progressively drive long-term interest rates upwards and will have a similar effect on zero and negative rates of return on European fixed income. Elena Serrano, of the Customer Strategy Division, explains the investment outlook for financial markets in May. For updated information on financial markets please visit our website: Sabadellinversor.com
06/02/2017February: investment perspectives for financial markets
Risk assets which are the most closely linked to the economic cycle have performed excellently in the closing months of 2016, due to expectations of an aggressive fiscal stimulus by the new American administration. With regard to macro data, it has improved as the year progressed, which, together with the upturn in oil prices, has driven inflation upwards and fears of a deflationary scenario have been allayed. Political uncertainty in an environment of expensive asset valuations could lead to new periods of volatility, for which reason we continue to recommend investing prudently, with long-term diversified portfolios. Elena Serrano, Customer Strategy Management of Banco de Sabadell, presents this video on investment perspectives for financial markets in 2017. For more information on the current status of financial markets please visit our “Sabadell Investor” website.
19/12/2016Investment perspectives for financial markets in 2017
In 2017, improved global economic growth perspectives will be juxtaposed by the reduced expansionary dynamism of central banks and expensive asset valuations. Whilst the United States will continue to raise the Fed funds rate, in Europe the European Central Bank will progressively scale back its asset purchasing programme throughout the year, in an environment in which the valuations of bonds and equity will be “expensive”. In this environment, the investment scenario will be characterised by moderate returns and high volatility. Antonio Saiz, Customer Strategy Manager, explains the investment perspectives for financial markets in 2017.
11/11/2016Asset Allocation, financial markets and equity strategy for November 2016
During the last month, fixed income government bonds have shown a worse performance than risk assets. The worse evolution of fixed income bonds is due to the upturn in long term interest rates deriving from greater dynamism in activity and inflation data, the latter which has been supported by the increase in oil prices, and due to a change in Central Banks’ discourse on monetary policy. In this regard, based on the messages by central banks over the last few weeks, there are certain doubts on the effectiveness of maintaining current low or negative interest rate polices. Antonio Martos, Customer Strategy Management, presents this video on November investment perspectives in the financial markets. For more information on the current status of financial markets visit our “Sabadell Investor” website. You can access similar content through the following link http://www.bancsabadell.