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While companies around the world cut, suspend and/or defer dividends, Newton’s head of equity income, Ilga Haubelt remains confident about income investing. Here, she and BNY Mellon Investment Management chief economist Shamik Dhar discuss their thoughts on dividend cuts and what implications it could have for the future.
As Britain reduces its historic energy reliance on coal, Newton portfolio manager Paul Flood considers what legacy the dwindling use of this staple fossil fuel – amid the ongoing Covid-19 coronavirus crisis – might leave for the energy industry and investors in renewables.
On both the health and economic fronts, the war on Covid-19 is far from over. But there might be grounds for optimism, argues BNY Mellon Investment Management chief economist Shamik Dhar.
The European Central Bank (ECB) and the Bank of Japan (BoJ) both have negative rates. So why hasn’t the Federal Reserve (the Fed) followed suit? At a time when Covid-19 has brought world economies to a halt—and top government officials even argue in favor of negative interest rates —this is the question.
With the magnitude of policy loosening adopted to counter the fallout from Covid-19, many are wondering what economic policy options are left, both if further stimulus were to be required in the near future – and to advance those medium term goals that were high on the policy agenda prior to Covid-19.
Japanese policymakers have pulled out all the stops in response to the Covid-19 crisis with a combined fiscal and monetary package harking back to the early days of Abenomics. As the country continues along the path to normality, fund manager Miyuki Kashima looks ahead to life after lockdown.
Asian nations such as China are among some of the biggest polluters on the planet but are also, paradoxically, also some of the countries most committed to renewables. While Asia still has a long way to climb up the ESG ladder, the steps they are implementing could set the right pace for a brighter future, creating a range of potential new opportunities for investors.
Could the ongoing impacts of the Covid-19 coronavirus pandemic herald a sea change in how we manage our economy and help drive a more sustainable future? Here, Insight Investment comments on some of the latest steps towards sustainable recovery and investment potential ahead.
Earlier this month, BNY Mellon Investment Management’s chief economist Shamik Dhar spoke with Newton Real Return investment leader Suzanne Hutchins to get her take on central banks’ responses to the Covid-19 crisis and how investors can best navigate towards a post-pandemic world.
Investors in global equities have endured a bumpy ride since the start of the year as sell-off gave way to partial recovery amid bouts of ongoing volatility. Here ,Walter Scott fund manager Roy Leckie and BNY Mellon Investment Management chief economist Shamik Dhar offer some pointers to the road ahead.
Indiscriminate market sell-offs and bouts of volatility have hit credit investors across many fixed income sectors in 2020 but, as markets settle, just what lies ahead for bond markets? Here, Newton head of fixed income Paul Brain takes stock of the evolving credit outlook.
While emerging market local currency debt has seen some heavy outflows in 2020 amid wider market fears, history suggests the asset class may rebound strongly, according to Mellon portfolio manager Federico Garcia Zamora.
For a two-week period in mid March 2020, funding markets experienced severe turbulence, with spillovers affecting many corners of the financial system. We provide an overview of the current situation in funding markets and discuss the main drivers behind the stress seen in March, the impact of policy interventions and vulnerabilities going forward.
Ambitious new European Commission proposals for a €750bn EU coronavirus recovery package could hold some profound environmental, social and governance (ESG) implications for European companies, governments and fixed income investors, says Newton portfolio manager Scott Freedman.
Today’s economic environment has prompted credit rating agencies to downgrade a substantial amount of debt from companies. However, with the right fundamentals, some bonds may offer compelling valuation opportunities, according to Paul Benson, head of fixed income efficient beta at Mellon.
In the short term, markets have understandably focused on the immediate impact of efforts to contain covid-19 on economic growth. For Insight fund manager David Hooker, a more pressing question is whether recent events may sow the seeds that bring the current era of low inflation to a close.