Natixis - All the major powers could be in trouble

Report

Natixis

Patrick Artus

All the major powers could be in trouble

We believe there is reason to be pessimistic looking ahead for: The United States, due to rising inequalities, poverty and dominant positions among companies; India, due to the extent of the structural problems that reduce its growth potential: low educational attainment, infrastructure shortfall, savings shortfall; China, due to the simultaneous rise in debt and inefficient capital. Perhaps Europe will end up looking like an attractive region .

27/03/2019 7 EN

Provider

Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

See profile

Analysts

Patrick Artus

Other Reports from Natixis

Eya CHAMMAKHI ... (+2)

Eya CHAMMAKHI
Théophile LEGRAND

RATES Weekly : US shutdown and Dutch pension funds

EUR rates:Recap of the week: Bull market for € and $ rates, but a different trajectory for the curve, which is steepening in the US and flattening in the eurozone. ECB considers well positioned with a DFR at 2%, in a context of a rebound in the cycle in the eurozone. Nevertheless, the prospect of an undershoot of the inflation target remains firmly on the radar of investors. The long end of the euro curve has also attracted renewed attention. With Bouw and PFZW and now PMT, three of the largest Dutch pension funds (approximately €400 billion in AuM) are in the running to transition to the new...

1h / 50m 1h / 50m 1 EN

Christopher HODGE

Christopher HODGE

US September Macro Trip Report

Last week US Chief Economist Christopher Hodge and Head of US Rates Strategy John Briggs visited clients in Europe and the UK. In this piece we review the most common questions we received and present them in a Q&A format, with our answers to these questions included.

2h / 31m 2h / 31m 1 EN

Emilie TETARD ... (+2)

Emilie TETARD
Florent Pochon

No data is good news

The risk-on mode is well in place with most equity indices up for 5 consecutive sessions now, volatilities (implied and realized) and credit spreads flattish at low levels. Our Risk Perception Index is stuck in the 20%-zone since early September now. Gold remains the invariant with another weekly gain (+2.7%) and all-time high (>3860 $/oz).The equity/bond correlation was positive this week with equities up and bond yields down globally as crude oil sinks (Brent -8% wtd). Macro softens but remains solid, the Fed has turned dovish and so far independence holds, tariffs are out of the fore front…...

4h / 38m 4h / 38m 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

All the major powers could be in trouble

RATES Weekly : US shutdown and Dutch pension funds

US September Macro Trip Report

No data is good news

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe