Central Banks

Central Banks’ Words of Assurance have Short Life

Overview: Comments beginning with Powell before the weekend, and BOJ and BOE earlier today promising support have saw equity markets briefly stabilize after last week’s dramatic moves. The G7 will hold a teleconference this week, but speculation of a coordinated rate move does not seem particularly likely. Most of the large stock markets in the Asia …

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September Monthly

Three forces are shaping the investment climate.  The US-China trade conflict escalates at the start of September as both will raise tariffs on each other’s goods and are threatening another round in mid-December (US 25% tariffs on $250 of Chinese imports will increase to 30% on October 1).  Some third parties may benefit from the …

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Central Bank Investment Strategies

A survey of central banks and sovereign wealth funds by Invesco sheds light on their investment plans.  The traditional separation of markets and the state may be helpful for ideological arguments, but the real situation is more complicated.  Central banks and their investment vehicles (sovereign wealth funds) are market participants.  In some activities, such as …

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