President Trump’s positive COVID-19 test shakes up election, markets

Monday 05 October 2020

Research / Market

President Trump announced in a tweet shortly before 1:00 a.m. on Friday October 2nd that he and the First Lady of the United States (FLOTUS) tested positive for COVID-19.  We look at the potential repercussions from this dramatic news in this Q&A...

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Vignette - The Day After #12
22/10/2020 Research / Market

The day after #12 - Changing shares of labour and capital incomes: what implications for investors?

The share of national income that is distributed to labour vs. capital has fallen to historically low levels in several advanced economies, such as the United States and the United Kingdom. We believe the Covid-19 crisis, along with other factors, will trigger a rebalancing in favour of labour over the next two decades. A reversion to the long-term average ratio of labour and capital in the share of income would probably enhance social and political stability, and would better fit with a consumer-driven growth model.

Climate change: Central Banking focus report is online, 26/06/2019 ESG, Research / Market

Climate change: Central Banking focus report is online

Following Mark Carney’s “breaking the tragedy of the horizon” speech in 2015, it became apparent central banks and regulators needed to sit up and take responsibility for risks emerging as a result of climate change. It appears Carney’s call to arms was heard, but there remains an abundance of work to be undertaken. Central Banking report, made in partnership with Amundi, will provide some guidance on issues that need to be discussed.