Marco Pirondini is Head of Equities, US and Portfolio Manager of global equity strategies.
Since 2009, US equities have been on a roll compared to international equities. 761 more words
As expected, the Federal Reserve Board yesterday left interest rates unchanged following the September meeting of the Federal Open Market Committee. In its statement following the meeting, the FOMC said, “The Committee judges that the case for an increase in the federal funds rate has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives.” 678 more words
1. Following a comprehensive assessment of monetary policy settings, the Bank of Japan (BoJ) this morning announced “tweaks” to their settings rather than radical changes. Prior to the meeting, press reports had suggested that the BoJ were split in terms of the actions that were deemed necessary. 596 more words
1. Japanese Government Bonds – Canaries in the Coalmine?
In late January 2016, the Bank of Japan (BoJ) surprisingly cut their deposit rate to -0.10%, despite BoJ Governor Kuroda denying that he had contemplated such an action only a few days previously. 1,051 more words
Continuing the digitization of some of my early slide collections, I post below a selection of pictures from Dubai in 1980. I remember it then undergoing a building boom, but that was of a completely different scale from what has subsequently happened over the last 30 years or so. 158 more words
I first visited Abu Dhabi in 1980; there was construction everywhere and part of me wished I had been there 20 years earlier! The changes since then, though, have been enormous, and it is very hard to recognise any of what I experienced then in the modern city of today. 146 more words