Update on Ukranian crisis focusing on US economy and investment implications

The first month of the Russia-Ukraine war has driven volatility up across the board, though with some recent signs of stabilisation in equity markets.

The geopolitical escalation at month’s end marks a further rise in volatility. Credit spreads (IG, HY and Euro peripherals) continued to widen while equity markets corrected further.

January has seen strong gyrations in markets, with nominal and real yields rising sharply, driving a strong shift from growth to value in equities.

Understanding the linkage between money velocity, psychology of inflation in the regime shift, and consequence for investors.

Understanding the linkage between money velocity, psychology of inflation in the regime shift, and consequence for investors.

The three major central banks issued restrictive signals last week. The banks have succeeded in changing the course of their monetary policies without harming the markets.

The GIV document elaborates on the latest views, convictions and outlook of our Global CIOs, different Investment Platforms and Macro-Strategy teams.

Eurozone and US sovereign bond markets have partially reversed the decline recorded over the summer.