From 30 June 2022, Praemium’s international business will be known as Morningstar Wealth Platform; Praemium WealthCraft becomes Wealthcraft, a Morningstar company; Smart IM becomes Smart IM, a Morningstar company. Initially these changes are in relation to the brand only. Formal legal name changes will occur in due course following the conclusion of the transaction.
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Investors speculate on slowing interest rates. Equity markets are set for further gains, on hopes that the Federal Reserve (Fed) and other central banks are nearing the end of their interest rate hiking cycles. Speculation that the Fed may moderate its rate rises to combat inflation was particularly high this week after the release of..
Relative calm helped to lift equity markets, whilst haven assets gave back some of their recent gains. Following weeks of stress in financial markets caused by the collapse of SVB and Signature bank in the US, culminating in the takeover of Credit Suisse by UBS in Switzerland to prevent a similar run on deposits, markets..
Banking sector turmoil continues. Uncertainty amongst investors continued following the fall out of SVB last week. The most pressing news came from Switzerland, where on Sunday, Swiss authorities approved the takeover of Credit Suisse by UBS for $2bn. However, as part of the deal, $17bn worth of Credit Suisse additional tier 1 (AT1) bonds, a..
Financial authorities step in to stem fears of contagion in the banking sector Whilst it has been another volatile week in markets, swift action by financial authorities following the collapse of the US bank, Silicon Valley Bank (SVB), last Friday, calmed nerves sufficiently to prevent a deeper loss of confidence in the banking sector. Authorities..
The Fed threatens to reaccelerate rate increases if inflation persists, sending markets southwards It has been a volatile week for equities and bonds ahead of the latest employment data due out of the US later today. Earlier in the week Jerome Powell, chair of the US Federal Reserve (Fed) said they would be prepared to..
Global equities rise, despite US Treasury yields rising to 4% and further data suggesting sticky inflation. Bonds sold off this week as continued robust economic data led to expectations of rates staying higher for longer, with the yield on 10-year US Treasuries hitting 4%. However, despite this, and following the losses suffered last week, most..
Strong service sector data raises expectations of further rate hikes Equity and bond markets sold off this week as strong data released for the service sector, in the US and Europe, raised concerns as to further interest rate hikes. Minutes from the latest Federal Reserve meeting also showed overwhelming support for the 0.25% rate hike,..
Sticky US inflation causes bond yields to rise It has been a choppy week for markets as expectations for a pause in the US interest rate hiking cycle weakened following the release of data pointing towards sticky inflation. US consumer prices, despite coming in weaker versus the previous month, exceeded forecasts at 6.4% for the..
Investors weigh up the prospect of further interest rate rises Both equities and bonds declined over the week as investors assessed the potential for further monetary policy tightening from the US Federal Reserve (Fed). Jay Powell, Fed Reserve Chair, warned of further rate rises in a Q&A at the Economic Club of Washington; his remarks..
US rate rises moderated once more, spurring on a rally in US equities US equities climbed to their highest level since August of last year, whilst the rally in the US technology sector since its December low now exceeds 19% as the Federal Reserve (Fed) slowed the pace of rate increases to 0.25%, taking rates..
