Outlook for Interest Rates and Foreign Exchange - June 2015
In historical terms and given the macro-economic backdrop, the market view is that the yield curve is too flat, leading to market expectations that longer term bond yields will rise in the coming months. Volatility is likely to remain elevated with further euro declines expected as divergent Central Bank policies in US, UK and Euro area weigh on the single currency.
Private Banking Global 'Wrap Up' - Q1 2015
In many ways the first quarter of 2015 exemplified just how unpredictable the global economic recovery has been over the past few years. Just as investor confidence surrounding the US economy grew in the second half of 2014, growth began to sag in Q4 and this slowdown continued into the first quarter of 2015.
The Investor 'Extra' - March 2015
With the European Central Bank’s announcement of further sovereign bond purchases back in January, yet another developed economy central bank has now embarked on a fully fledged Quantitative Easing program. This again prompts investor questions around what exactly the objectives behind QE are and how it benefits the economy?
Q4 2014 Irish GDP/GNP – Irish Economy grows by 5% in 2014, Domestic demand growth the icing on the cake!
Q4 2014 Irish GDP/GNP – Irish Economy grows by 5% in 2014, Domestic demand growth the icing on the cake! On Thursday the Central Statistics Office released National Accounts for Ireland for the fourth quarter of 2014. These showed that the economy grew again in the final three months of the year with real GDP and GNP growing by 0.2% and 2.3% respectively (see table 1 below for details).
Investors pocket nice gains in February!
Investors pocket nice gains in February! Historically February has been a tricky month for investors – on average over the past 50 years it’s been the second worst month of the year for US stocks. However February 2015 was different with world stocks gaining almost 7% in euro terms. The other big plus for stock investors last month was that the positive returns flowed in local currency terms rather than mainly as a result of euro weakness which was the case in January. So far this year world stocks are up around 5% in local currency terms but a whopping 12% in euro terms.