Latest Perspectives

Global Economy

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This week’s Global Perspectives focuses on market volatility with the goal of putting the recent market swings in context, helping investors keep calm and identifying potential opportunities. Summer clearance sale for high-quality growth companies by Tom Galvin, Senior Portfolio Manager

What has really changed in markets?

| | Tagged with: Economic/Markets Outlook, Economy, Equities, Global Economy, Global Investing, Interest Rates, Investing, Markets, Monetary Policy, U.S. Economy

With markets in turmoil, it is worth asking what has really changed — and as such whether market falls reflect opportunities or signal threats to patient long-term investors. In our view, there are three medium-sized challenges facing markets for some time that intersect and were brought into sharp focus by the Chinese currency devaluation.

Tagged with: Commodities, Economy, Equities, Global Economy, Global Investing, Industry/Sector Commentary, Investing, Markets

European equity markets started the year in robust form, aided by a weak currency, low energy prices and quantitative easing (QE). Improvement in many eurozone economies supported strong earnings growth for many of the domestically focused stocks in Q2.

Tagged with: Equities, Global Economy, Investing, Markets

We have been in a “Goldilocks” economy, where growth was persistent, but still modest enough to be supported by central bank easing at any sign of weakness. That backdrop is changing, with stresses emanating from the emerging markets and limits to incremental central bank actions.

Tagged with: Economy, Global Economy, Global Investing, Investing, Markets

Despite China’s move last week to devalue its exchange rate, the yuan is still materially stronger against most currencies. What is crucial is whether this move is followed by further depreciation or additional easing efforts.

Tagged with: Currency, Economic Policy, Global Economy, Monetary Policy

Director of Global Research Robert McConnaughey explains why productivity will play a bigger role in the success of companies, economies and investment strategies.

Tagged with: Economy, Global Economy, Global Investing

Given the importance of China in global trading, it is reasonable for the International Monetary Fund (IMF) executive board to consider the yuan for inclusion in the basket of currencies used to value Special Drawing Rights. China is taking steps to improve the liquidity and transferability of its currency, but it is not clear to me that they currently meet the criteria for inclusion in the SDR basket.

Tagged with: Global Economy, Monetary Policy

The events of the past few weeks underscore the linkage between domestic political willingness to service debts and the likelihood of capital controls and/or eurozone exit. Greece’s negotiations with its creditors provide lessons on eurozone creditor reaction functions, which will inform the market’s pricing of risk.

Tagged with: Global Economy, Global Investing, Markets

Greece won’t repay its debt without substantial forgiveness. Creditors will realize that repayment of some portion of the debt is better than nothing.

Tagged with: Global Economy

After a weekend of long and often very bad-tempered discussions within the Eurogroup, the leaders of the eurozone have finally agreed to offer Greece a third bailout, with the European Commission confirming that Greece will benefit from approximately 86 billion euros of financing over the next three years. Assuming the steps required in the coming days are met, the immediate bankruptcy of the Greek government has been avoided and the country will remain within the eurozone.

Tagged with: Global Economy, Global Investing, Markets
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About Us

Columbia Threadneedle Investments is a leading global asset management group that provides a broad range of actively managed investment strategies and solutions for individual, institutional and corporate clients around the world. With more than 2,000 people, including over 450 investment professionals based in North America, Europe and Asia, we manage $503 billion†† of assets across developed and emerging market equities, fixed income, asset allocation solutions and alternatives.

††In U.S. dollars as of June 30, 2015. Source: Ameriprise Q2 Earnings Release. Includes all assets managed by entities in the Columbia and Threadneedle groups of companies. Contact us for more current data.