CRBN News and Press, iShares MSCI ACWI Low Carbon Target From 02/13/23

Summary The Bank of Japan looks set to change its ultra-loose policy as inflation takes root. We see spillover risks to global yields, risk appetite and Japanese stocks. Global stocks fell last week and U.S. Treasury yields rose across the curve as markets partly priced out Federal Rese...

Summary For global equity investors, what’s important is to identify broad trajectories of growth and inflation rates, and then to forecast turning points, or changes in those trajectories. Olga Bitel, Global Equity Strategist, and Hugo Scott‐Gall, portfolio manager and co...

Summary Developed economies remain the main source of the unusual outperformance of employment relative to output. An easing of global supply chain constraints has also helped encourage many businesses to raise their capacity expansion plans, notably in the US and Eurozone. Optimism...

Summary Global manufacturing supply chains continued to show signs of healing in January which, combined with falling demand for factory inputs, points to weaker industrial price inflation in coming months. The number of reported supply chain delays fell for a ninth successive month in ...

Summary For several months, we have said that a slowing of inflation could provide a temporary tailwind to equity markets, but that weakening growth will eventually hit them with a stronger headwind. Tumbling PPI suggests that companies are starting to struggle to pass on rising costs. ...

Summary The long-awaited downturn in global trade will take place in 2023. Supply chain realignments that have been years in the making will begin to take effect. Government policies launched in 2022 will bear fruit in 2023 and include subsidies for semiconductors and automotive electri...

Summary Strains are building, and the U.S. will likely enter recession in the second half of 2023. By then, Europe will likely be emerging from recession, while China and Emerging Asia may be enjoying a COVID-reopening-inspired recovery. Segments of the inflation basket will soften rapi...

Summary Markets may be underestimating the stickiness of inflation and central banks’ determination to beat it - and what that means for growth and corporate earnings potential. We favor fixed income and credit over equities, and investment grade over high yield. Should infla...

Summary US Large Cap stocks are still in a short-term downtrend but the long-term uptrend is intact. International Large Cap stocks are in a short-term uptrend versus US Large Cap. The trend has been driven by the falling dollar. US Large Cap value is in a short-term uptrend versus ...

Summary After enduring one of the worst years on record across asset classes, investors should find more cause for optimism in 2023, even as the global economy faces challenges. Inflation is likely to moderate, and risks to the inflation outlook appear more balanced than they did severa...