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Carbon Divergence, Macro Convergence
Key points: Biden’s capacity to circumvent Congress on his green agenda has taken a major hit. The contrast with the European Union (EU) is getting starker, e...
Take Two: US consumer confidence falls, G7 plans ‘Belt and Road’ rival
What do you need to know? The effect of sustained high inflation and the perceived threat of recession were reflected in weaker US consumer confidence readings...
Long hot summer
Right or wrong, sentiment has shifted from worrying about inflation to worrying about recession. That means rates have stabilised and risk assets are seeing an...
Laurent Caillot is appointed Global Chief Operating Officer of AXA IM
AXA Investment Managers (AXA IM) today announces the appointment of Laurent Caillot as Global Chief Operating Officer (GCOO) effective 1 September 2022. He will...
AXA IM receives global EDGE Move certification as it progresses towards a more gender-equitable workplace
AXA Investment Managers has achieved EDGE (Economic Dividends for Gender Equality) Move certification, in recognition of the significant progress towards a gend...
June Op-Ed - Stories for the summer
Key points The so far impressive resilience in economic activity across the Atlantic – which has played a major role in accelerating the central banks’ tigh...
June Global Macro Monthly - A summer of discontent
Key points Our global outlook was more pessimistic than consensus at the start of this year but weakened materially after the Ukraine invasion. Consensus has co...
Take Two: Fed’s Powell flags recession risk; Eurozone business growth slows
What do you need to know? The US Federal Reserve is “strongly committed” to bringing down inflation but a recession in the world’s largest economy is “c...
It's starting
Key Points Cracks appearing in the resilience of the economy – precisely when central banks were getting impatient We revisit our macro scenarios at mid-year....
Windmills of your mind
When things are bad, people think they are the worst of times. Today we have inflation, rising rates, slowing growth and polarized politics. Is it as bad as the...