by Oussama Himani | Oct 9, 2018 | Markets |
Many emerging equity markets are now in bear market territory, having tumbled by 20% this year. A number of currencies reached historic lows, while external bond spreads widened. Such sell-offs often offer opportunities to investors. But to understand whether the...
by Oussama Himani | Aug 14, 2018 | Markets |
The Shanghai stock exchange is down almost 15% this year, shortly after much-touted measures of opening-up to foreign investors. The Chinese yuan has depreciated. Trade tensions following the announcement of tariffs by the Trump administration continue to escalate. ...
by Oussama Himani | May 14, 2018 | Markets |
As the Q1 earnings season draws to a close, investors were left with a mixed picture. While the S&P 500 earnings per share (EPS) growth was on average 25% with over three quarters of the companies beating analysts’ estimate, the index edged up only 50bps since the...
by Oussama Himani | May 2, 2018 | Markets |
The divergence between positive economic data and negative policy news is rarely as wide. While the global economy continues to grow at a healthy pace, many of the policy risks we’ve been highlighting have either increased or materialised. It is tempting to focus on...
by Oussama Himani | Feb 26, 2018 | Markets |
It is not often that signs of economic strength trigger a market sell-off. Slightly higher than expected wage growth was perceived as presaging significant inflationary pressures, leading to a market correction. Volatility accelerated faster than during the Lehman...
