This could be the week that everything comes together—or falls apart—on Brexit. According to Toby Gibb of Fidelity, this uncertainty isn’t helpful for markets, but he still has hopes that a deal will be reached.
The U.S. bond yield curve has inverted for the first time in more than a decade. Geraldine Sundstrom, a managing director and portfolio manager at PIMCO, sees signals of global slowdown, but she hopes for positive stimulus coming out of China.
We take a look at the inverted yield spread of U.S. Treasury bonds and what it means for a potential upcoming recession. Market reaction was mixed, with heavy losses in Asia. At the close, the SMI was more moderate, down 0.15 percent to 9,305.50.
After the latest economic projections by the Federal Reserve, the U.S. dollar weakened. Michael P. Reilly, chief investment officer at TWC, sees many reasons why the greenback will strengthen moving forward.
Regulators have been warning about imbalances in the mortgage and real estate market. Rudolf Minsch, chief economist at economiesuisse, shares their apprehension as central banks keep interest rates low.
In the midst of central banking news, Levi Strauss soared as high as 35 percent upon its return to The New York Stock Exchange. Low and negative interest rates hurt the banks’ business, and they were the worst performing entries in the SMI, which closed down 0.10 percent to 9,454.05.
Think twice before incorporating IPOs into your portfolio. That’s the advice from Ian Heslop, head of global equities at Merian Global Investors. Ridesharing apps Uber and Lyft both have set their sights on going public in the near future but Heslop remains cautious.
Italy is rolling out the red carpet for Chinese President Xi Jinping ahead of signing on with China’s Belt and Road Initiative. For François Savary, chief investment officer at Prime Partners, it’s a dangerous move for Europe, since Italy is one of the founding members of the EU.
Lars Kalbreier, CIO at Vontobel Wealth Management, explains why the coming initial public offering by Stadler Rail—and possibly later by RUAG—are part of a global phenomenon. Karlbreier also discusses the Fed’s expected decision and the risk of a recession in 2019.
Stadler Rail announced its intention to launch an IPO. CNNMoney Switzerland’s Andreas Schaffner explains why it has to do with the family of the main shareholder, Peter Spuhler. But it’s also to help the company face global competition and expand in driverless and high-speed trains.
Stocks rallied ahead of the Federal Reserve’s monetary policy decision. The SMI ended the day up 0.31 percent to 9,525.92. Partners Group and AMS are also under our radar.