Emerging markets still sensitive to US policy and currency moves
The divergence in performance of US equities and high yielding bonds is set to continue, as several headwinds loom large in the face of high yield, explains Natixis manager Franck Nicolas.
The S&P 500 index fell on Monday, after the latest US housing data came in weaker than expected, fuelling concerns over the strength of the economic recovery.
'Investors should expect nothing from bonds’
The US dollar has hit multi-year highs against a basket of currencies as investors take a hawkish view of the latest finely-balanced set of communications from the Federal Reserve.
Why a Japan-style Europe looks increasingly likely
The US Federal Reserve has created a committee to monitor financial stability and help prevent the emergence of asset price bubbles.