11 Janvier 2019
Financial markets have been in turmoil during the past couple of weeks. Disappointing macro data, further downward corrections to corporate earnings expectations, rising political tensions on US-China trade policy and the US government shutdown, and policy communication hinting at a more dovish stance from the Fed were among the key triggers for the rollercoaster ride.
17 Décembre 2018
When we talk about sustainability at NN IP, we often do so from a responsible investing angle. As asset owners and stewards of capital, we play an important role in guiding the companies we engage with towards creating a more sustainable economy for the future.
03 Décembre 2018
Even though we still have one month to go, we can already conclude that 2018 has not been an easy year for financial markets. Equity markets have been struggling while credit spreads have widened.
19 Novembre 2018
As a rule of thumb, we think about responsible investing as a long-term approach. Despite our belief that time will work to our advantage as a responsible investor, we need to be alert for sudden short-term market movements. After all, unexpected positive or negative events might trigger us to take action now, even with the long term in mind.
05 Novembre 2018
Markets are on the move again, and in a pretty impressive way. A combination of rising risk aversion, lingering trade worries and disappointing European data led to extended negative market sentiment last week, despite another strong US earnings season.
22 Octobre 2018
It was a dramatic week in financial markets. Risky assets were sold off across the board and equity markets printed their strongest fall since the volatility shock in February. Interestingly, US equities rather than EM assets took centre stage in this correction as they dropped around 6% last week.
08 Octobre 2018
Why do we believe in the benefits of integrating ESG information into the investment process? Last year, Professor Robert Eccles of Oxford University’s Saïd Business School, and Mirtha Kastrapeli, Global Head of the Center for Applied Research at State Street Corporation, looked into how investors are integrating environmental, social and governance (ESG) factors into their investment process(1).
24 Septembre 2018
Even though more than 10 years have passed since inflation was hot, it has been a hotly debated topic since the Lehman crisis. Immediately after global credit markets went into cardiac arrest, central banks pushed their policy rates down towards zero and gave financial institutions unlimited access to longer-term central bank funding.
29 Août 2018
With the summer coming to an end, some reflections on the state of global markets seem appropriate. It has been a year with more volatility than direction, and investors have shown less willingness than in recent years to look through the noise of politics. Two key factors that make this year different might explain this.
16 Juillet 2018
In most news flows, economic data continue to take a back seat to events unfolding in the political sphere. As we learned in so many of the political crises of recent years – the Italian government formation, Brexit, to name a few – this does not mean that politics are actually more important for markets than trends in the real economy.
02 Juillet 2018
Fears of trade wars rose further in the past week. The US government gave additional hints that in addition to imposing import tariffs, it would toughen its stance on Chinese investment in the US to protect intellectual property. Scrutiny on trading partners was also increased to ensure compliance with the sanctions on oil imports from Iran.
18 Juin 2018
Since the start of the year the ECB has faced increased nominal growth uncertainty. For a central bank that does not face the complications of an incomplete monetary union, this would be a reason to adopt a wait-and-see approach. This is all the more so because the ECB is standing with its back close to the wall.
04 Juin 2018
Italy is back in the headlines and dominating market direction again. It is not the first time, but it has been a while since Italian politics were able to feed broader worries over sustainability of the Eurozone project. And the latter is the core reason why markets are responding more forcefully than they have done in years. Despite all Italy’s problems in terms of political instability, lack of structural reform and lingering debt burdens, it is really only when developments in Italy start to increase the probability of a Eurozone break-up that markets start to worry seriously.
07 Mai 2018
So far 2018 has taken a completely different shape than last year, which was full of positive surprises on data, earnings, politics and US fiscal policy. Now, things have changed and investors need time to adapt to this new, less supportive and more uncertain environment and are less willing to take large directional bets.
23 Avril 2018
It has been a volatile ride in markets. We have mainly been jumping from weeks of fears of escalation of trade conflicts and geopolitical tension to periods in which more pragmatism is expressed. Many notice that the underlying economic conditions are remarkably good. Growth is high and broad-based and unemployment rates keep trending lower.
09 Avril 2018
Markets remain fragile. So far it is more the return of volatility than the generation of returns that describes market behaviour. Noisy politics, rising fears over trade conflicts and negative news flow over the technology sector are fighting for the headlines and are probably contributing to more market instability.
26 Mars 2018
It was supposed to be the week of the new Fed chairman Jerome Powell. In his first post-FOMC meeting press conference this Wednesday night (19:30 CET) he will comment on the reasons to raise interest rates further towards the 1.5%-1.75% range.
12 Mars 2018
A lot of things have been improving in recent years and as a result the global economy is now in its best state in more than a decade. And markets have noticed, and adapted. Asset prices currently reflect a much healthier outlook for global growth and corporate profitability than a few years ago. Until the February turbulence, markets also kept on indicating that things continued to improve. As a result, risky assets and especially equities continued to rise.
26 Février 2018
The emotions of markets have created an interesting spectacle in recent weeks. The impressive moves in equity space and record jumps in volatility were yet another expression of the fact that markets will always have mysterious features that are very hard to fully understand. Such episodes of misbehaviour have always been around and help us all to stay humble.
Premier et grand lauréat du Paperjam Top 100 2018, le multi-entrepreneur Norbert Becker a été, comme les autres décideurs économiques influents figurant au top 10 du classement, mis à l’honneur le 19 décembre, sur la scène de la Rockhal.
2e du Paperjam Top 100 2018, Alain Kinsch (managing partner de EY Luxembourg) a été, comme les autres décideurs économiques influents figurant au top 10 du classement, mis à l’honneur le 19 décembre, sur la scène de la Rockhal.
3e du Paperjam Top 100 2018, Caroline Mart (rédactrice en chef adjointe de RTL Télé Lëtzebuerg) a été, comme les autres décideurs économiques influents figurant au top 10 du classement, mise à l’honneur le 19 décembre, sur la scène de la Rockhal. Retour sur sa remise de prix par Marc Giorgetti, gérant du groupe Félix Giorgetti et membre du jury.
Retour en images sur le Déjeuner Carrousel organisé au restaurant Le Fin Gourmand le 18 janvier 2019, où 52 membres ont networké tout au long des trois services de ce format. (Photos: Jan Hanrion/Maison Moderne)
Audience habits change, especially in young adults. But how can today’s marketers target this audience? Pascal Monfort, international marketing consultant, has worked for a lot of famous brands (Issey Miyake, Lacoste, Nike…) and developed a keynote on this topic for the Club Talk. 120 members were present. (Photos: Patricia Pitsch/Maison Moderne)
Le jeudi 17 janvier 2019, Alter Domus a officiellement inauguré son nouveau siège. Ce nouveau bâtiment, construit à la Cloche d’Or, va permettre de rassembler la majeure partie des équipes luxembourgeoises. Les discours et le cocktail se sont déroulés dans les locaux du Lycée Vauban. (Photos: Matic Zorman)
La 28e édition du salon VAKANZ s’achèvera ce soir à 19 heures avec une affluence qui dépasse les 30.000 visiteurs. Durant trois jours, le public a pu s’informer et effectuer ses premières réservations auprès des 230 exposants représentant une vingtaine de pays et des milliers de destinations. La thématique de 2019 «fitcation» – des vacances dynamiques alliant une activité sportive ou culturelle à de la détente, a remporté un franc succès puisque la moitié des exposants proposait des formules en ce sens.
On 16 January 2019, the ABBL Board of Directors has unanimously approved the association’s endorsement of the UNEP FI Principles for responsible banking.
Avec effet au 17 janvier 2019, Marc Glesener rejoint le Conseil d’administration de l’Autorité luxembourgeoise indépendante de l’audiovisuel (ALIA) pour une période de cinq ans. Ancien journaliste et rédacteur en chef du quotidien Luxemburger Wort, Marc Glesener a fondé, en septembre 2012, l’agence M(a)Gsolutions spécialisée dans la consultance média et communication.
La réalisatrice du documentaire «Grand H», Frédérique Buck, travaille sur deux nouveaux films. La plate-forme citoyenne Oh! Open Home, qu’elle a par ailleurs cofondée, est à la recherche de plusieurs centaines de résidents prêts à accueillir un réfugié.
La plate-forme Bee Secure est une initiative du gouvernement luxembourgeois à destination du grand public qui alerte et forme les citoyens sur les dangers d’internet. Paperjam s’est entretenu avec Carmen Michels, en charge de la communication du site au Service national de la jeunesse, dans l’unité «Formations et soutien aux projets pédagogiques».
Le Paperjam Club accueille un nouveau membre: EarthLab Luxembourg. Présentation en trois questions.
