HDMV News and Press, First Trust Exchange-Traded Fund III Horizon Managed Volatility Developed International From 12/15/20

We favor inflation-linked bonds and see equities supported in strategic portfolios, expecting firmer inflation and falling real rates in coming years. Global stocks hit record highs amid positive vaccine news even as near-term challenges weighed. U.S. fiscal package talks continued. ...

UK and EU negotiators are still talking which has spurred a sharp bounce in sterling. Most emerging market currencies are higher, with the Turkish lira and a few East Asian currencies notable exceptions. The greenback is also consolidating against the Mexican peso. For furth...

The Johnson-von der Leyen dinner is seen as evidence that both sides see one more opportunity, and the sterling is among the strongest currencies today. Hopes of a $900 bln+ fiscal stimulus package in the US helped stir animal spirits and lift US stocks to record highs yesterday. ...

In the near term, we continue to expect a seasonal upsurge in COVID-19 cases to impact consumer behavior. Where hospitals are nearing capacity, an unwelcome return to local and regional lockdowns may still be necessary. Increased lockdowns will likely perpetuate the goods versus servi...

Government bond yields began to rise in November across most major sovereign markets. A notable exception was Greece's 10-year bond mid-yield, which dropped nearly 30 basis points to close the month at a record low of 0.63%. Yields on Italian and Portuguese 10-year government debt...

With the world in the early post-recession recovery phase of the business cycle, our medium-term outlook for economies and corporate earnings is positive. We believe that 2021 will feature an extended period of low-inflation, low-interest rate growth that favors equities over bonds. T...

Medical experts have warned about a second COVID-19 wave for some time, but it is already proving to be worse than many expected. The IHS Markit Eurozone Composite PMI clocked in at 45.3, which is down significantly from October's reading of 50.0. Not surprisingly, it was services tha...

We are pro-risk for reasons beyond an expected vaccine-led upswing. We see low nominal rates - even in the face of rising inflation - helping risk assets. Global stocks hit record highs amid positive vaccine news and hopes for a U.S. fiscal package, even as near-term challenges weighe...

Global PMI signalled slight loss of growth momentum in November, led by weaker service sector expansion. Business optimism surges to highest since early 2014 on vaccine hopes. US and China lead upturn. Eurozone and UK slide back into contraction. For further details see: ...

Can the UK and EU avoid a damaging no deal at the end of the month? Will Congress agree on a stimulus package and spending bill to prevent hardship for businesses and households and avert a government shutdown? Can EU leaders overcome their differences and sign off on the 2021-27 ...