28 March 2022
Greg Fleming explores the unusual pattern of market returns in March, an adjustment period for investor expectations, which saw some of 2022’s equity weakness recovered – but only selectively – while other global markets continued to lose value, as interest rates rose sharply.
2 March 2021
Bond yields have risen sharply over the last few weeks, reflecting the improving global growth outlook and rising inflation expectations. Central banks will be ok with this, but only up to a point. Share markets have been rattled, but equities will be ok if the rise in yields is slow and accompanied by a rise in earnings.
8 March 2022
The world’s attention remains firmly focused on the unfolding humanitarian crisis in Ukraine. The resulting higher commodity prices present a fresh challenge to central banks, who need to continue to remain focussed on the inflation outlook. In New Zealand that means a faster path to neutral.