EFAX News and Press, SPDR MSCI EAFE Fossil Fuel Reserves Free From 05/13/23

2023-05-13 10:00:00 ET Summary The global economy’s gradual recovery from both the pandemic and Russia’s invasion of Ukraine remains on track. China’s reopened economy is rebounding strongly. Supply chain disruptions are unwinding, while dislocations to en...

2023-05-10 23:50:00 ET Summary A further acceleration of services sector growth pushed the pace of global expansion to a 16-month high in April. All major economies reported robust service sector growth, in all cases outperforming manufacturing which consequently remained broadly ...

2023-05-09 02:10:00 ET Summary Central bank hiking cycles in the developed world are slowly but surely coming to an end, raising the question of whether they have pulled off a soft landing. On the face of it, the answer to this question is a resounding no. Interest rates in Europe...

2023-05-02 02:15:00 ET Summary Stock and bond markets ended the first quarter of 2023 with solid gains despite investor concerns. Gains in the stock and bond markets were primarily driven by a continued decline in interest rates, the rate of inflation, and surprisingly resilient e...

2023-04-22 02:25:00 ET Summary China’s GDP in the first quarter came in considerably stronger than expected, raising hopes for the global economy and equity markets. The economic rebound in the first quarter, at 4.5% y/y, was led by the domestic consumption and services sec...

2023-04-10 11:30:00 ET Summary We upped our overweight of inflation-linked bonds in March to quickly take advantage of the market pricing lower inflation - our new playbook in action. Bond yields rose after data showed a still-tight U.S. labor market. We think that keeps inflation...

2023-04-05 02:22:00 ET Summary Earnings expectations have weakened this year; however, we still expect lower earnings per share growth than consensus expectations. Profit margin changes are a key driver of earnings growth. We expect further margin weakness ahead. Our weak earn...

2023-03-31 06:30:00 ET Summary Slower growth and tighter financial conditions could mean a lower terminal rate and bring forward the timing of the first rate cut. While front-end yields have declined in recent weeks, they are still near multi-decade highs and may remain here as in...

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 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...