The Omnis Investment Club: Recent Episodes
Omnis Investments
A weekly podcast hosted by Rohit Vaswani, Client Portfolio Manager at Omnis Investments, to discuss key themes impacting investors in the coming week. Rohit will be joined by a guest each week. This podcast is client-friendly and you will be able to share with your clients and/or embed to your website. A one-page summary of the podcast/ weekly market update will follow shortly after.
Stimulus measures announced in China boosted sentimentacross global stock markets.
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Global markets were broadly up last week as the US Federal Reserve cut interest rates for the first time in over four years in what many believe will be the beginning of a prolonged interest rate cutting cycle.
US stocks rebounded after the prior week’s sell off, while the European Central Bank cut interest rates. The Chinese economy continues to remain depressed as weak inflation data spurred calls for Beijing to step in to protect the country’s long-term growth prospects.
Investors and central banks have moved from a focus on inflation to a watchful eye on labour markets, and data this week showed a disappointing outlook leading tomajor stock markets falling during the week. All eyes are on central banks over the next few weeks, with expectations that many will begin, or continue, to cutinterest rates.
Global markets were broadly up last week as reassuringinflation data in the US, UK and Europe boosted investor sentiment.
Global markets were up across the board last week as positive US economic data suggested that the world’s largest economy might steer clear of a potential recession.
Global markets were rocked by extreme volatility last week, posting record declines in some markets. Stocks generally recovered by the end of the week but the outlook for markets still remains volatile.
Global markets declined across the board last week as investors were left roiled by weak economic data coming out of the US, sparking concerns about economic growth.
Global market returns were mixed over the week as inflation data continued to dominate market sentiment.
Global market returns were generally negative last week as US-China trade tensions appeared to weigh heavily on investor sentiment.
Major stock markets enjoyed a strong week as economic data releases sent encouraging signs to investors that interest rate cuts are coming.
Markets were broadly up last week, with the US and Japanese stock markets climbing to all-time highs whilst the political landscape in the UK turned a new page.
Stocks were broadly down over the week despite a quiet week in economic data releases and market moving events. Data that was released however, pointed broadly to weaker economic conditions.
Market returns were mixed last week, with central bank interest rate policy and conflicting economic data swayinginvestor sentiment.
Mixed picture of market returns last week, driven by politics and future interest rate trajectory.
Mixed returns across major markets as the trajectory of interest rates continued to diverge.
Markets fell across the board last week as economic data pointed to a delay in the timing and speed of a potential interest rate-cutting cycle.
Market returns were mixed last week as interest rate cut optimism continued however the trajectory beyond the first cuts from major economies is still up for debate.
Markets were broadly up last week as optimism among investors in Europe and the UK rose due to both regions indicating that interest rate cuts are soon around thecorner.
Markets were up across the board last week as a combination of strong corporate earnings results and anincrease in business activity boosted investor sentiment.
Markets faced continued ressure last week with China the only major stock market out of five ending the week higher. Stocks struggled particularly in the US and Japan as tensions in the Middle East continued to spook investors.
Markets faced pressure again last week with major stock markets in the US, China and Europe falling. The main focus of the week was over inflation data released in the US and China which disappointed investors. The UK and Japan held up better, delivering the strongest performance of the week out of major stock markets.
Markets were broadly down over the last week as heightened geopolitical tensions and uncertainty aboutthe US Federal Reserve’s interest rate policy trajectory weighed on global equities.
Japan, the US and the UK led major stock markets last week after positive noise over future interest rate policy. Japan increased interest rates for the first time since 2007. In the US and UK, central banks continued to signal to investors that interest rate cuts could soon be on the horizon.
Market returns were mixed over the last week as prices of goods and services stopped falling in China for the first time in half a year. Whilst Japan narrowly avoided a technical recession, the UK economy shows signs of a recovery from its recession experienced in the second half of 2023.
Market returns were mixed over the week with only a few major stock markets rising in value. The big stories of the week included the European Central Bank’s latest meeting where positive noises were made over a reduction in interest rates and the Spring Budget announcement in the UK.
Another decent week for equity markets with most major stock indices finishing higher. Highlights included reassuring inflation data out of the US and continued strength from Japanese equities after comments from the Bank of Japan’s governor. Stickierinflation data in Europe disappointed investors with mixed returns across stock indices in the region.
Another strong week for markets with big stories coming out of US chipmaker NVIDIA, which boosted markets globally. Increased consumer activity during China’s Lunar New Yearholiday boosted investor sentiment and a return to steady growth in Japan helped Japanese stocks continue to strengthen. Meanwhile, mining and energy stocks keep the FTSE 100 subdued this week.
US Stocks were the outlier last week as the only major stock market falling in value. Discouraging inflation data in the US challenged stock markets however signs of cooling inflation in Europe and UK buoyed stock prices. Central banks continue to try and tame investor expectations on interest rate reductions as rebounding inflation still remains a big risk in decision making.
Market returns were generally strong over the week as stocks in the US and Japan reached new highs. Gains in some markets were capped however as central banks reiterated theirintentions to be careful over interest rate cuts, suggesting that they may keep interest rates higher for longer to avoid a rebound in inflation.
Market returns were mixed over the last week as labour market data in the US surprised on the upside whilst Europe narrowly avoided a recession. Chinese markets suffered their largest weekly fall in over 2 years as investor pessimism about the economic growth outlook heightens.
Market returns were generally positive over the last week with the main headline being the announcement from the People’s Bank of China to introduce additional stimulus measures to kickstart the economy. Whilst investors still focus on adjusting expectations for interest rate cuts, global markets responded positively to the news coming out of China.
Market returns were mixed over last week as investors readjusted expectations for interest rate cuts as new economic data was released. Central bankers in the US and Europe attempted to calm investors who may have been overoptimistic on the quickness of rate cuts, telling the market that central banks need more data about economic conditions before any informed decisions on future paths can be taken.
In the second week of the new year, the global stock market picture remained fragmented as investors assessed news impacting the magnitude and timing of central bank interest ratecuts. Whilst the Japanese stock market continued to grow ever higher, investors in the Western world remained fixated on what central banks do next.
In a shorter week for markets due to the holidays, stocks gave up multi-week gains as investors digested news which could delay central bank interest rate cuts. Strong labour market data in the US and higher inflation in the Eurozone pushed investors toreassess their expectations of when central banks might reduce interest rates in 2024.
A strong week for global stock markets with most major markets rising, apart from China. It was a busy week with three major central bank meetings in the US, UK and Europe. Interest rates were held at current levels again, leading investors to strengthen views that rate cuts will begin in the second half of 2024.
A mixed week for markets, with three of the five major indexes seeing positive returns. Fresh enthusiasm from investors around AI technology had a positive affect on U.S. tech stocks over the week. In addition, positive economic news coming out of the U.S. has helped the S&P500 yet again. In contrast, China’s economic woes continue, a reduction in their credit rating being the latest challenge.
An overall mixed week for markets, with three of the five major indexes seeing positive returns. Coolinginflation data has been welcomed by investors in the world’s major economies, as expectations of interest rates being cut in 2024 continue to grow. In the U.S., new unemployment data proved helpful to the central bank’s goal of a softeconomic landing.
Markets returns were mixed in a quiet week of stock market trading. Economic growth continued to deteriorate and investors remain focused on the next moves from central banks in light of falling inflation and declining economic activity. US stocks lead the way in returns, building on a strong November rally.
Markets ended the week generally higher amid cooling inflation signals. Tuesday’s better-than-expected monthly inflation report sparked a stock market rally in an otherwise quiet week of trading. As a result of this lower-than-expected inflation reading, we saw a shift in the interest rate outlook – and as a result bond yields fell during the week, meaning that bonds also had a good week (as bond prices move in the opposite direction to yields).
A mixed week for markets, with four of the five major indexes seeing positive returns. Despite this, governments and central banks remain vigilant as weak economic activity persists in the world’s largest economies. The UK’s FTSE 100 was the only majorindex to see a decline, as the British economy stagnated in the third quarter of 2023.
A strong upswing for markets. News of major central banks pausing on interest rate rises h buoyed investors, seeing global equity and bond markets rally. Despite interest rates being held, central banks remain cautious about inflation concerns. Furthermore, concerns about slowing economic activity in the world’s major economies remains prevalent.
Another difficult week for global markets as Middle East tensions, higher interest rates for longer and mixed economic data releases keep investors on their toes. Corporate earnings from major US companies were a big focus of the week alongside much anticipated US economic growth data and the latest interest rate decision from the European Central Bank.
A difficult week for global markets – with rising geopolitical tensions spooking investors, amid fears that the ongoing conflict in the Middle East may escalate further. Central banks remain wary of inflation concerns, despite the pause in interest rate rises, with rising oil prices adding further pressure to inflation in the world’s major markets.
A mixed week for global markets– who continue to keep a watchful eye on data to get any clues of what may or may not happen with interest rates moving forwards. Central banks are beginning to signal a potential pause in their hiking cycles as interest rate rises feed their way through to the economy. Striking a balance between relying on data and less tangible indicators on the health of the economy will be a major task for central banks in the weeks ahead.
A mixed for markets and investors – who continue to keep a watchful eye on data to get any clues of what may or may not happen with interest rates moving forwards. In the US, employment data paints a nuanced picture. Domestic activity in China picks up during the holidays, but consumer spending declines in Japan. The Eurozone’s economy appears to be stalling and UK prices continue to decline.
All signs point to interest rates having to remain at higher levels for longer – and higher oil prices this week worked to reaffirm this expectation and weighing on markets. However, data from the US and Europe this week is showing that inflation is slowing. Elsewhere, the Japanese government outline a stimulus plan and data suggests that the Chinese economy may have now bottomed.
Investor sentiment was dampened this week by suggestions fromvarious central banks that interest rates may have to stay at higher levels for longer, despite the US Federal Reserve, the Bank of England, the Bank of Japan and the Swiss National Bank all opting to pause interest rates increases (for now).
It was a mixed week for global markets, with many different factors impacting markets. The US saw indications that inflation is coming down. Japan was boosted by China’s economic data, though the impact on Chinese markets was more muted due to the downturn in its property sector. Interest rates go up once again in Europe, and in the UK, economic data points to a stronger-than-expected slowdown.
Economic signals drove markets this week – in the US a stronger economy has led investors to worry about interest rates remaining elevated for longer. Meanwhile, Japan’s economy is proving to be less resilient than anticipated and China continues to show signs of a waning recovery. Signs of economic weakness in Europe also weighed on markets.
Markets bounced back strongly this week as a weaker labour market in the US leads investors to believe we may soon be approaching peak interest rates. Support the China’s faltering economy also boosted global markets. Meanwhile, inflation continues to show signs of slowing down. In the UK, all eyes are on the property market, but the economy recovered from the pandemic much faster than previously reported.
Performance was negative for the major stock markets last week. The US experienced improved growth forecasts, whilst inflation in the UK and Eurozone eased. Data from China continues to paint a gloomy picture for its economy and Japanese growth was better than expected.
Performance was mainly negative for the major stock markets last week. US interest rate expectations appear to be mixed, Japanese inflation appears to continually ease whilst China’s latest economic data release paints a gloomy picture. The near-term outlook for the Eurozone economy has weakened, whilst the UK economy has experienced better than expected growth.
A broad decline in markets were felt in the week, with Chinese stock markets being the exception. In the West, the US Labour market appears to be healthy and the Bank of England has raised its key interest rate to 5.25% points. The Eurozone has seen modest growth with inflation appearing to ease.
Major stock markets advanced in the week, despite the US and European Central Banks increase their interest rates. Inflation in Japan remains above target. Meanwhile, China’s government pledging further support to boost the economy. Eyes are on the UK as the Bank of England is meeting this week to discuss the next move for interest rates, with the market expecting another hike.
It was a fairly mixed week in the markets but clear signs of easing inflation in the US and UK, this helps to emphasise investors’ view that we may be approaching peak interest rates. With a fairly busy week for central bank around the world ahead of us, all eyes will be on what they have to say more than any actual interest rate hikes.
Global markets were boosted by two key things this week. On one hand, positive signs that inflation was cooling rapidly in the US boosted investor sentiment as it could mean that interest rates may soon stop rising. Across the other side of the globe, further support for the property market in China is paving the way for further economic support for China’s economy where the post-pandemic recovery is quickly losing steam.
Signs that the US central bank, the Federal Reserve, would likely continue rising interest rates impacted markets globally. In Japan, investors lock in profits from a stellar year for Japanese equities, whilst data out of Europe and China points to economic weakness. UK house prices decline as mortgage rates soar.
Stocks were broadly positive this week, with inflation in major economies appearing to slow down. The UK is an exception here, where inflation is stickier. The US economy is showing signs of strength, Japan has stuck to its guns with low interest rates and Chinese officials have pledged that measures will be introduced to boost development in the country.
Stocks closed lower last week, with sentiment in western developed markets driven mostly by inflation and interest rates. Following the Eurozone’s rate hike, the UK raised rates to levels not seen since 2008. China’s economic growth forecasts for 2023 has fallen following poor post pandemic recovery, whilst the Japanese Yen continues to weaken. US economic data is suggesting that the rate hike may be pushing the country into recession.
It was another good week for markets, with investor sentiment boosted by the US Federal Reserve’s decision to pause interest rate increases. Meanwhile, China shows signs of willingness to provide support for the economy and Japan remains with its ultra-low interest rates. Whilst interest rates are set to continue to rise in the UK and Europe, this week markets sided with the positive news coming out of other parts of the world.
US and Japan stock markets were boosted by economic optimism, whereas the Eurozone has entered a technical recession. China is continuing to struggle with sluggish post pandemic recovery. The UK property market shows decline, whilst the “Atlantic Declaration” has been agreed between the US and UK to benefit trade between the nations.
With the US Debt Ceiling being suspended, US and Asian equities rallied. Inflation remains sticky in Europe and the UK. The Japanese economy remains strong with potential for further growth, whilst manufacturing levels in China are weaker than expected.
A positive week for markets, driven by positive noise out of the U.S. debt ceiling negotiations, and signs that central banks may soon stop raising interest rates. In Japan, markets near a 33-year high, whilst in China, concerns that the economic recovery is losing steam weighed on markets. In the UK, the focus remains on inflation.
Investors continue focussed on the three key variables – Firstly, economic growth, and specifically how deep or shallow any recession we have might be. Secondly, all eyes remain on inflation, which, whilst appears to be slowing, remains elevated. Finally, investors remain vigilant on future interest rate hikes, with further hikes still expected across the world.
It was a fairly muted week for market, mainly as result of it being a quiet week for economic data. In the US, the focus turned to corporate results; in Japan, all eyes are on the central Bank. Investors in China worry about tensions with the US. In Europe, investors focussed on data suggesting a strong economy, but in the UK, inflation continues to take the limelight.
Broadly speaking it was a reasonably positive week for markets – driven by data suggesting more resilient economies around the world. Worries about the economy recover in China remain a concern and Japanese equities in particular get a boost this week.
Markets rallied across the world as disruption in the banking sector begins to settle as regulators intervene to protect the financial system. Inflation remains problematically high around the world. China’s economic rebound gains pace whilst in the UK, the economy proves to be more resilient than expected.
The last few weeks have been eventful, driven by turmoil in the banking sector. On Sunday 19 March, UBS agreed to purchase Credit Suisse and central banks across the world announced coordinated action to ease strains in financial markets. Markets reacted broadly positively. The US Federal Reserve and the Bank of England raise interest rates this week too.
Turmoil in the global banking sector dominated markets. Since 10th March, two US bank, Silicon Valley Bank and Signature Bank have collapsed – we discuss the details in a special podcast interview. In Europe, Credit Suisse was in the limelight following Saudi Bank’s announcement that it would not invest further into the bank’s equities. Investors were already on high alert for any signs of wider issues in the banking sector and Saudi Bank’s announcement triggered a collapse in the share price of Credit Suisse. The Swiss National Bank has stepped in to provide Credit Suisse with additional liquidity and over the weekend, UBS agreed to buy Credit Suisse for $3.25 billion.
Signs that interest rates could carry on rising for longer dampened investor sentiment across the globe. In China, a lower economic growth target also weighed on markets. The financial health of Silicon Valley Bank (SVB) was also a focal point towards the end of the week, with developments well into the weekend.
Please note that within the Omnis funds, only one of our funds has direct exposure to SVB – and that exposure equates to 0.1% of the fund. For most investors, the fund constitutes a small proportion of their overall portfolio, meaning that any exposure in clients’ portfolios is negligible.
After weeks of losses, markets delivered positive returns across the board. In the US, mixed economic data meant investors took a breather. Japan gets a boost of optimism, whilst in China, despite strong data, the growth expected for 2023 is likely to underwhelm. Closer to home, the UK and the EU clinch a deal after years of post-Brexit tensions.
It was a challenging week for markets – higher inflation numbers point to potentially larger interest rate hikes, whilst economic activity in many parts of the world appears to show more resilient economies. This would allow central banks to continue raising interest rates if inflation remains high.
A mixed week in markets, dominated by the outlook for inflation and what this could mean for interest rates going forward. Geopolitical tensions escalate between the U.S. and China.
Broadly speaking markets were down across the world – for various reasons, but clearly focused on what’s next for central banks. In the US and Europe, any signs from the central banks on what’s next continues to drive markets. In Japan, investors await news on who the next central bank chief might be, whilst geopolitical tensions pick up in China. The UK economy avoided a recession in 2022, but only just.
The US Federal Reserve, the Bank of England and the European Central Bank all raised interest rates this week as widely expected. But investors focused on their narrative after these interest rate hikes. In the US, things are getting better but the Fed is taking baby steps. The Bank of England is suggesting it is done with interest rate hikes as the economic slowdown will help bring inflation down and the European Central Bank has said they are not done with interest rate hikes just yet.
Investor sentiment is boosted globally as data suggests that the global economic picture may not be as bad as previously anticipated. All eyes will be on the Federal Reserve (US Central Bank), European Central Bank and Bank of England this week as they meet to decide on interest rate increases.
Recession concerns come back to the forefront, dampening investor sentiment, and breaking the 2023 market gains for Western economies. Over in Asia, demand was boosted by better-than expected data coming out of China.
Another strong week for markets, dominated by falling inflation in the US, data out of Europe suggesting that the economy might not suffer as much as originally expected and the surprise expansion of the economy in the UK during November.
On behalf of everyone at Omnis Investments, we’d like to wish you a Happy New Year!
2023 has begun with most markets in green led by strong jobs data in the US and falling inflation in Europe.
I am joined by two of my colleagues; Robert Jeffree (Chief Investment Officer) and Colin Gellatly (Chief Investment Strategy) to discuss the final busy week with increases in inflation and interest rates and the extraordinary year we've had.
Broadly speaking, markets fell this week as concerns about aggressive interest rate hikes remain at the forefront, with key central banks making decisions on interest rates during this coming week. Over in Asia, domestic factors supported markets – in Japan a stronger economy kept investors upbeat and in China, markets were encouraged by the change in approach to their zero-covid policies.
This week, investors were (yet again) focused on interest rates. From suggestion by the central bank in the US, to falling inflation in Europe, markets were lifted on expectations of slower interest rate hikes from here. Development in China has led to a review of its zero-covid policies. Broadly speaking markets reacted positively to the news of slower interest rate hikes and the developments in China.
Overall markets were positive over the week. Investors were broadly focussed on any indications that would allow central banks to slow down the pace at which they raise interest rates. Signs of economic slowdown and that inflation may soon begin to fall set the scene for markets this week.
It was a mixed week for markets around the world. In the US, investors continue to look for reasons for the Federal Reserve to slow its interest rate rises. High inflation and poor economic data in Japan weighed in markets, whilst in China investors balanced their optimism of a gradual reversal of its zero-covid policies with the negative news of rising cases. In the UK, all eyes were on Jeremy Hunt’s tax rises and spending cuts as inflation continues to soar.
Markets around the world rallied, with the news that inflation appears to be slowing in the US, boosting investor sentiment around the world. A relaxation in China’s zero-covid policies provided some further support in Asia. Meanwhile, economic contraction in the UK weighed on the UK stock market.
With the exception of the US, markets around the world rose during the week. A key focus for markets were the comments coming out of central banks in the UK and the US following interest rates hikes. In China, speculation about a review of their zero-covid policies boosted investor sentiment.
Broadly speaking, markets had a strong week with continued focus on what central banks around the world are likely to do going forwards. Markets are expecting interest rate hikes to become smaller in size going forwards. In the UK, a new Prime Minister focused on fiscal discipline appears to have calmed markets.
Inflation in the US remains elevated, paving the way for further large interest rate hikes. Economic news out of China looks poor, but support from the central banks supported markets. The UK economy contracted in August and unemployment continued to fall. Meanwhile, Prime Minister Truss bowed to pressure and altered her proposed tax plan.
Markets broke a string of losses with most major stock markets reporting positive returns for the week. All eyes were on economic data in the US and what this could mean for future interest rate hikes. Despite a very strong start in markets, some of the gains were given back towards the end of the week.
Last week was all about the UK. Markets did not react kindly to the announcements made by the Chancellor on Friday 23rd September, and we saw instability in UK financial markets, particularly in UK government bonds and the British Pound. On Friday 30th September, we hosted a webinar with 4 experts on what exactly had happened during the week in the UK, which you can view here.
A week dominated by large interest rate hikes in the US, the UK and several countries across Europe. On Friday, the UK government unveiled large tax cuts – and markets did not react well. Further details of last week’s interest rate hikes and tax cuts and can be found here.
Omnis Investments would like to offer our deepest condolences to the royal family. Her Majesty Queen Elizabeth II spent her life dedicated to the service of her people, led by example, and gave herself to her country and the commonwealth. May she rest in peace.
Over the last few weeks we know that many of our clients have been asking about the outlook for bonds, in particular gilts, from here – in an environment of high inflation, rising interest rates, slowing growth and an evolving political landscape.
On 8 September, host Rohit Vaswani, Client Portfolio Manager at Omnis chatted to Nicolas Trindade, from Axa Investment Management, who runs out Omnis Short Dated Bond Fund on this very topic.
This episode aims to try and simplify some of the mechanics of how bonds work and the outlook from here. Even with these simplifications, this is one of our more technical podcasts but I think provides some really valuable insights into the world of bonds.
Enjoy.
Markets continued to digest the implications of aggressive interest rate hikes by global central banks, led by the US Federal Reserve. Meanwhile, Japan’s Yen plummets to a multi-decade low and China faces further economic turmoil as Covid-19 cases spike. Inflation in Europe accelerates and, in the UK, Sterling plummets amid economic and political uncertainty.
Broadly speaking markets continue to worry about aggressive interest rate hikes given the very high levels of inflation we are seeing around the world. Data coming out of China points a weaker economy and comments from central banks during the week added to investors’ worries.
All eyes were on the US, particularly focussed on inflation data for the month of July. Signs that inflation may be peaking boosted confidence around the world. Political stability in Japan, rising Covid-cases in China, economic support for the cost-of-living crisis in Europe and a decline in economic activity in the UK all further influence markets during the week.
It was the Bank of England’s turn this week to raise interest rates aggressively, following aggressive hikes by the European Central Bank and the Federal Reserve in recent weeks. Strong jobs data coming out of the US suggests that central banks may have to continue their aggressive hikes. Tensions between US and China escalated last week weighing on investor sentiment.
Despite the Federal Reserve raising interest rates aggressively, global investor sentiment was boosted by the fact that in the face of a slowing economy, the Federal Reserve in the US could slow down its interest rate rises from here. The focus around the world stays on economic growth and/or contraction.
The US begins to see clear signs of a slowing economy and inflationary pressures beginning to fade, whilst the UK inflation continues to rise. The Japanese central bank bucks the trend and keeps interest rates low as the European Central Bank raises interest rates. Meanwhile, China faces a challenge in meeting its growth targets.
The US was rocked by high inflation, whilst the Chinese economy began showing signs of slowing down. Japan remains committed to supportive policies for its economy. Meanwhile recession fears intensify in Europe, but the UK economy unexpectedly grew in May. Markets continue to focus on inflation, economic growth (or lack of) and the direction and speed of interest rate rises.
After taking a breather in the previous week, markets returned to its losing streak, with pessimism centred around economic growth deteriorating and the impact that the actions of central banks around the world could have on tipping economies into a recession. Markets continue to be challenging, and we will of course keep you updated on our latest thoughts and give you our best assessment of what is going on in markets. You can access Omnis’ latest views at www.omnisinvestments.com
After taking a breather in the previous week, markets returned to its losing streak, with pessimism centred around economic growth deteriorating and the impact that the actions of central banks around the world could have on tipping economies into a recession. Markets continue to be challenging, and we will of course keep you updated on our latest thoughts and give you our best assessment of what is going on in markets. You can access Omnis’ latest views at www.omnisinvestments.com
Markets took a breather this week, which come from the realisation that economies are slowing down, which should in turn help tame inflation and take the pressure of central banks applying the brakes too aggressively. Of course, there is still a lot of uncertainty around how much economies will slow down, the impact this would have on inflation and what central banks will do.
A week driven by interest rates. Interest rate rises are the way central banks try to control inflation, not just by taking the foot off the pedal of the economy, but by indeed applying the brakes. Investors are worried about how forcefully these brakes are applied and the impact this could have on its economies.
High inflation, and interest rate expectations, remains very much at the forefront of investors around the world. In Asia we saw some promising news – in Japan, the economy appears to be in slightly better shape than many expected, and in China, there are signs that the government is looking to be more supportive of its economy. Meanwhile central banks in the West continue to face the pressures of high inflation.
It was a mixed week for markets across the world. Investors in the UK, US and Europe continue to worry about inflation, slowing growth and the impact that rising interest rates could have on these economies. Meanwhile, some relaxation in restrictions in China and Japan gave Japanese and Chinese stock markets a boost during the week.
Markets took a bit of a breather from the negative moves in the last few weeks, despite the ongoing uncertain outlook of slowing economic growth, rising inflation, and aggressive interest rate hikes from central banks. There are increasingly signs that inflation is beginning to peak which may in turn take the pressure of central banks to raise interest rates too aggressively.
In another volatile week in markets, the focus remains on how central banks plan on taming inflation and the impact this could have as economic growth around the world continues to slow down. Inflation appears to be having an impact on consumer confidence and therefore consumer spending. Central banks remain focussed on taming inflation, with the European Central Bank set to raise interest rates for this first time since the pandemic in the coming months. Meanwhile in China, the central bank takes action to support its weakening property market.
In this interview special podcast, host Rohit Vaswani, Client Portfolio Manager is joined by Colin Gellatly, Deputy Chief Investment Officer at Omnis Investments, to discuss what's been going on in markets since the start of 2022 and what can we expect moving forwards.
In another volatile week in markets, the focus remains on how central banks plan on taming inflation and the impact this could have as economic growth around the world continues to slow. Last week, both the US and UK central banks raised its interest rates. China’s zero-tolerance to Covid shows signs of impact on the Chinese economy, and the associated supply chain disruptions are having repercussions globally.
It continues to be a somewhat uncertain time for markets as fears over higher inflation and Russia’s invasion of Ukraine dominate, whilst at the same time much of the world continues to transition towards slowly learning to live with COVID-19.
Conflict in Ukraine continues to dominate the headlines. Financial markets remain exceptionally sensitive to any hints of diplomatic progress, with sentiment shifting by the hour. Meanwhile, investors must keep a weather eye on the interplay between economic growth, inflation and interest rates.
It was generally a positive week in markets across the world, but it is obvious that risks remain across particularly with the ongoing conflict in Ukraine, rising inflation and the prospect of central banks raising interest rates aggressively. Russia’s stock markets partially reopened in a shortened and volatile trading session on Thursday, as the country’s invasion of Ukraine reached the one-month mark.
It was generally a positive week in markets across the world – with China the only major market to register losses, though we did see a turnaround later in the week. This week is a clear example of what we mean when we talk about volatility – volatility means you can get big swings either way in markets. Last week Omnis published a video that looks at why it’s important to stay calm when markets become volatile. You can watch this video here.
Events in Ukraine continued to dominate headlines, demanding attention from all, investors included. From a market perspective, Europe’s decision not to follow the US in embargoing Russian oil and gas was critical to developments over the week, as it has removed some of the worst scenarios for European the economic growth outlook.
On yet another volatile week, markets across the world were sent tumbling down as Russia’s attacks on Ukraine continue. European and UK stocks were the worst impacted during the week. The West continues to take further action against Russia, whilst Ukraine and Russia continue to negotiate.
Please bear in mind that this update was written on 6 March 2022 and was correct at the time of publishing.
On Thursday, Ukraine woke up to explosions as peace in Europe was shattered. After Russia spent several weeks building up a sizable military force along its border with Ukraine, Russian President Vladimir Putin ordered its military to invade Ukraine. NATO said, "We now have war in Europe on a scale and of a type we thought belonged to history." The situation in Ukraine and the impact on markets around the world is changing all the time. Please bear in mind that this update was recorded on 27 February 2022 and was correct at the time of publishing.
The situation in and around Ukraine is deeply political and highly complex and it remains far from obvious how events will unfold. Meanwhile, the consensus outlook for inflation, economic growth and interest rates continues to shift, adding to the uncertainty. For investors, uncertainty means volatility – as evidenced by the ups and downs of major market indices over the past week.
Markets continue to be volatile and continue to be dominated by expectations of what central banks will do throughout 2022. This week we also saw a lot of share prices move because of either positive or negative reports from companies. Oil prices continue to rise which has benefitted some energy companies. It would be fair to say that markets will continue to be volatile over the coming weeks and months.
Markets continue to be volatile this year, dominated in the short term by the prospect of rising interest rates. Beyond interest rate expectations, many companies are reporting challenges to their businesses, escalating geopolitical tensions around the Ukraine/Russia border, weak economic data from China and rising Covid-19 cases in some parts of the world have also caused markets to jitter.
Inflation remains at the forefront of news, putting additional pressure on central banks to take action, which in turn has impacted investor sentiment. The US stock market suffered a big fall, whilst record inflation numbers in the UK and Europe heavily weighed on markets.
Covid-19, supply-chain challenges, labour markets, policymakers and private spending – these are the five themes we believe will influence markets this year. Read our 2022 Investment Outlook here.
Inflation remains at the forefront of news and investor sentiment. Meanwhile, Japan and China continue to tackle fresh waves of the coronavirus, whilst in Europe and the UK restrictions begin to ease. The UK economy grew to above its pre-pandemic level for the first time, but this was before news of Omicron weighed on economic activity.
Global markets have had an uneven start to the year with the main themes from 2021 continuing into the new year – coronavirus, and specifically Omicron, together with inflation and how central banks may look to react have all had an impact on markets this week and will likely be the case over the coming weeks.
It continues to be a volatile time for markets as the world continues to face growing Covid-19 cases. Central Banks have begun talking about controlling inflation, with the Bank of England raising key interest rates for the first time in more than three years.
There are still many unknowns about Omicron – so how do our investment managers consider these risks when it comes to investing? In this month’s interview special, Rohit Vaswani, Client Portfolio Manager at Omnis Investments speaks to Nabeel Abdoula at Fulcrum Asset Management and investment manager of the Omnis Diversified Returns Fund.
Despite the reimposition of social restrictions here in the UK and elsewhere, investors – along with everybody else – have breathed a sigh relief as early evidence suggests the omicron variant may not pose as severe a threat as had been feared. Meanwhile, evidence from Europe, Japan and Asia suggests supply chain bottlenecks may be easing. Together, these developments have allowed investors to look forward to next year with a degree of optimism.
It continues to be a volatile time for markets as the world continues to face Omicron without knowing much about the transmission rate or the severity of this new variant. Inflation is also dominating investor sentiment, particularly as Omicron could bring further supply chain disruptions across the world.
Omicron sends equity markets sharply lower across the world as investors’ confidence is tested and they move out of equities into less risky asset classes such as government bonds. Before the announcement of the new Covid variant, markets were already nervous about the slowing global economic recovery.
It was a fairly muted week for equity markets across the world, with the exception of the UK, where inflation rose to the highest level in almost a decade. In the US, investors weight inflation fears against strong economic data, whilst in China a larger-than-expected stimulus had little effect on markets. In China, the Real Estate market continues to worry investors, and in Europe a surge in Covid-19 cases clouds the economic outlook.
A special interview with Hannah Simons, Head of Sustainability Strategy at Schroders. As our guest this week, Hannah discusses all things climate change and COP26 - the key achievements and outputs - and what that means for investors.
It was a mixed week for equity markets across the world – with a real focus on economic indicators, in particular the inflation numbers, which in the US surged to over 6%. In Japan, the government prepares to spend, whilst in China the property sector remains in the limelight. Over in Europe, coronavirus cases are ticking up and, in the UK, early Christmas shopping helps the economy.
Equity markets were positive across the world last week, except for China where the concerns about the strength of its property sector and rising Covid-19 cases weighed on markets. In the UK, the central bank keeps interest rates unchanged, and, in the US, the long-awaited infrastructure bill is approved.
Equity markets were moderately positive across the world last week, except for China where the concerns about the strength of its property sector weighed on markets. Corporate earnings appear to be positive, but supply chain problems and inflation concerns persist. Japan goes to the polls and in the UK, Rishi Sunak announces targeted spending initiatives.
Equity markets were mixed across the world this week. Corporate earnings appear to have boosted investor sentiment in the US and in Europe. Japan readies for its upcoming general election and China seeks to contain the property crisis amid a slowing economy. In the UK, investors are expecting that an interest rate hike could come sooner than expected.
Equity markets rose this week across the world. Inflation in the US appears to be peaking, whilst Japan’s new Prime Minister reassures the market. China sees a muted week in markets, whilst shares in Europe and UK rally, despite the continued concerns about inflation.
Robert Jeffree, our Chief Investment Officer, recently celebrated his 1-year anniversary at Omnis and he joined Rohit Vaswani, Client Portfolio Manager, in this interview special. The interview covers:
1. Who is Omnis and what benefits does our model deliver for clients
2. Our investment approach – how do we select managers?
3. The Omnis Managed Portfolio Service – how does it work?
We hope you find the interesting and useful in understanding our approach – as always, please speak to your financial adviser if you want further information about Omnis.
Equity markets rose this week, helped by US congress agreeing to increase the US debt ceiling temporarily allowing the US to avoid defaulting on its debt payments until early December. Inflationary pressures continue to be front and centre of investors’ minds.
It was a mixed week in markets, dominated by news of China’s second-largest property developer Evergrande’s debt problems. At the same time, global economies are facing a slowing in economic growth with inflation rising sharply.
It was a mixed week in markets, dominated by news of China’s second-largest property developer Evergrande’s debt problems. At the same time, global economies are facing a slowing in economic growth with inflation rising sharply.
Overall markets fell this week with key data coming out across the world. In the US, inflation appears to be falling. Japan’s optimism continues, owing to an incoming, yet-to-be elected, prime minister and the successful acceleration in their vaccination campaign, whilst in China fresh coronavirus outbreaks continue to have an impact on the economy. In Europe and the UK all eyes were on inflation and what this might mean for interest rates from here.
Investors’ attention continued to focus on central banks looking for hints as to when they might start tapering financial support, ahead of interest rate rises. The previous week’s weak labour report in the US, which highlighted the slowing economic recovery weighed on markets last week.
It was a muted week for markets, with the except of Japan, driven by mixed economic numbers. In the US, reports on the labour market delivered underwhelming numbers, whilst inflation in Europe continues to pick up. China sees economic activity drop whilst Covid-19 cases in the UK are on the rise again. Over in Japan, Prime Minister Suga resigns.
Overall, it was a negative week for markets globally. Worries over tighter central bank policy in the US and fears that economic growth could be peaking weighed on investor sentiment. This comes at a time when the highly contagious delta variant continues to disrupt supply chains and add to uncertainty.
Stock markets enjoyed a positive week. In the absence of much notable economic news, most market indices ground higher.
Our latest episode of The Omnis Investment Club podcast is a special interview with Tim Foster, Portfolio Manager at Fidelity International.
As our guest this week, Tim discusses all things Inflation and Bonds. We explore the inflation environment in more detail - why it has picked up dramatically, whether it's transitory and what it means for Bonds.
Stock markets enjoyed a positive week. Strong economic data and a slew of upbeat company earnings reports were enough to offset concerns over the continued spread of the delta variant and talk of central banks ending their extraordinary support packages.
It was a challenging week for markets globally, driven by continued news that the pace of the global economic growth is slowing, exacerbated by the spread of the delta variant and the impact this could have on economic growth. China’s regulatory crackdown on the private education sector proved to be much tougher than expected, sending concerns amongst investors globally.
It was a mixed week for markets globally. Most markets fell at the start of the week, but many recovered those losses. The spread of the delta variant and the likelihood that growth is slowing has impacted markets, but we saw some positive economic data coming out of Europe and some optimism return in the US as companies reported earnings.
On today's podcast, the tables have turned...and instead of Rohit Vaswani interviewing a guest, he is put in the hot seat - joined by Setul Mehta, Head of Business Development Operations at The Openwork Partnership. Setul challenges him on all things investments - Omnis, mutual funds, asset classes, Bitcoin and much more.
It was a tough week for markets. Stocks on both sides of the Atlantic met their worst weekly performance in at least a month due to fears about the rapid spread of the Delta variant of coronavirus. We also saw higher inflation being reported in the UK and the US which weighed on markets during the week.
Rohit Vaswani is joined by Sherry Qin from Fidelity International as they look at the Chinese economy and identify investable themes as the country prepares itself to bring in the Year of the Ox.
Rohit Vaswani is joined by Jonathan Gosling, Investment Manager at Omnis Investments, to look at what it’s been like for active management in the last 12 months.
Rohit Vaswani reviews last week and talks to Jonathan Gosling, Investment Manager about fixed income as an asset class and they discuss the Fixed Income funds available at Omnis.
Do Cryptocurrencies belong in diversified portfolios? Rohit Vaswani looks at what was a challenging week for stock markets and is joined by Ben Popatlal, Strategist at Schroders to explore Cryptocurrencies as an investment.
Rohit Vaswani is joined by the CEO from Somerset Capital Management to talk about their investment process and approach since they took over management on 8 April 2021.
Markets last week were concerned about a slowdown in economic growth, which became more concerning amidst rising Covid-19 cases globally. Despite a sharp decline in markets in the middle of the week, most appear to have recovered, ending the week flat or mildly positive.
It was a mixed week for markets globally. Strong economic data has driven positive investor sentiment this week. This has been somewhat dampened by rises in infection rates due to the ‘delta’ variant of the coronavirus. Unemployment in many parts of the world appears to be coming down.
Rohit Vaswani, Client Portfolio Manager at Omnis reviews the week just gone, looking at macroeconomic data and how the markets performed.
After a difficult week for markets in the previous week, inflation fears appear to have calmed down this week, triggering most global markets to post gains last week. Countries continue on their path to reopening their economies wrapping up the first half of the year with an optimistic tone.
The US Central Bank, The Federal Reserve, indicated that it may raise interest rates sooner than previously expected, sending markets globally tumbling down. Covid-19 cases in Europe and Japan fall, but England delays the full reopening of society.
In this episode Rohit Vaswani was joined by Omnis Investments’ Deputy Chief Investment Officer Colin Gellatly to review how reddit traders sparked a short squeeze, unnerving equity markets back in January this year.
This shorter podcast clip only includes the interview with Colin Gellatly. The weekly market updates will continue to arrive on Mondays.
Interest rates and inflation seemed to continue to dominate sentiment last week. Markets were mixed across the world, dominated by news on economic growth, inflation and increases or declines in Coronavirus infection rates. Central Bank’s ‘accommodative’ policies are set to continue.
On this week's stand-alone interview special, we're delighted to welcome Rosemary Simmonds, Investment Manager at Barings onto the podcast. Barings took over investment management responsibilities of the Omnis European Equity Opportunities Fund on 17 may 2021, and with Rosemary being a key member of the management team, we spoke to her about their investment approach and outlook for the fund.
In this week's podcast Colin Gellatly, Deputy Chief Investment Officer at Omnis provides the weekly update for the week just gone.
Markets trod water last week – until Friday, when tame US employment data put paid to immediate concerns of inflation and rising interest rates, allowing equities to finish the week on a firmer footing. Investors are likely to remain sensitive to signs of inflation – or its absence – over the coming months.
Investors welcome the positive economic data coming out of many economies globally, but this also continues to raise their concerns about inflation and the actions that the central bank may take and when they might do so. Markets ended the week reasonably flat, despite a volatile trading week.
Investor sentiment was very weak, following a surprise increase in the US inflation figures for April 2021. Worries that a pick up in inflation would lead to higher interest rates weighed on markets across the world. Chinese stocks however,rose during the week.
It was generally a positive week for stock markets globally, despite a weaker start. Inflation prospects seemed to weigh heavily on investor sentiment during the week as Treasury Secretary Janet Yellen commented on rising interest rates. Economic data highlights the strong global rebound in economic activity.
This week Rohit Vaswani takes a longer look at last week's stock markets and economic data. It was a challenging week for stock markets despite overall positive economic news.
In today's 'Week in Brief' Rohit Vaswani reviews stock markets, consumer sentiment and economic data. For this week's interview, we speak to Nabeel Abdoula, Deputy Chief Investment Officer of Fulcrum Asset Management and manager of the Omnis Diversified Returns Fund. The fund has recently began investing in the Climate Change theme and Nabeel talks to us about the investment opportunity.
This week in the "Week in Brief" we review stock markets, consumer sentiment and economic data. In today's interview, we speak to Dominic Johnson, CEO of Somerset Capital Management, who have recently been appointed as the investment manager for the Omnis Global Emerging Markets Equity Opportunities Fund.
As we begin to close the first quarter of 2021, we mix things up on The Monday Investment Club. In this Around the World bonus episode, Client Portfolio Manager Rohit Vaswani and Deputy Chief Investment Officer Colin Gellatly, take a tour around the world and assess what has happened in economies and stock markets since January.
In this week’s episode, Rohit Vaswani reviews last week and talks to Jonathan Gosling, Investment Manager about fixed income as an asset class and discuss the Fixed Income funds available at Omnis.
In this week’s episode, Rohit Vaswani reviews last week – generally a fairly positive week for stock markets – and talks to Rory Maguire of Fundhouse around what ESG investing is and our approach at Omnis.
This week, Rohit Vaswani looks at what was a mixed week for global stock markets, dominated by stimulus packages, inflation concerns and the easing of restrictions. Of course, in the UK the focus was on Rishi Sunak’s Budget – Rohit discusses the Budget with Omnis’ Chief Investment Officer Robert Jeffree
In this week’s episode, Rohit Vaswani looks at what was a challenging week for stock markets and is joined by Ben Popatlal, Strategist at Schroders to explore Cryptocurrencies as an investment.
In this week’s episode, Rohit Vaswani is joined by Jonathan Gosling, Investment Manager at Omnis Investments, to look at what it’s been like for active management in the last 12 months.
In this week’s episode, Rohit Vaswani is joined by our Chief Investment Officer, Robert Jeffree, as they look at the current state of the UK economy and discuss what may happen from here.
In this week’s episode, Rohit Vaswani is joined by Sherry Qin from Fidelity International as they look at the Chinese economy and identify investable themes as the country prepares itself to bring in the Year of the Ox.
In this week’s episode, Rohit Vaswani is joined by Omnis Investments’ Deputy Chief Investment Officer Colin Gellatly as they review how reddit traders sparked a short squeeze sending stock markets crashing down. Beyond reddit traders, it was a busy week with vaccination rows and economic data coming out of Europe and the UK predominantly.
Rohit Vaswani, Client Portfolio Manager talks to Robert Jeffree Chief Investment Officer and Colin Gellatly, Deputy Chief Investment Officer.