In this chart of the month the multi-asset team asks whether gold could once again become the main hedge of choice as negatively yielding debt becomes increasingly common.
Our economists have analysed the effect geopolitical risk can have on investors’ portfolios. Should investors simply hold their nerve during volatile times? Or is it better to entrust fund managers able to take a more dynamic approach?
The latest employment figures are strong, but escalation in the US-China trade dispute increases the prospect of another interest rate cut in September.
The most important US jobs report of 2019 so far exceeded expectations and may reassure the Federal Reserve about the state of the US economy.
Although the US Federal Reserve kept rates unchanged this month, the direction of travel is towards easier policy. Whether this will be enough to restore corporate confidence and spending may depend as much on the president as the Fed.