Iggo's Insight - Denial, panic, hope.

We are passing through stages of a global social and economic disaster. The denial of February quickly became the panic of March. Now markets are responding to the massive policy response.

AXA IM's David Page - UK reaction: Chancellor Sunak completes support with package for self-employed

David Page, Head of Macro Research at AXA Investment Managers, comments on the UK government’s support scheme for the self-employed:

Congress finally approves $2 trillion stimulus package

David Page, Head of Macro Research at AXA Investment Managers, comments on US Congress’ coronavirus response package:
After a couple of weeks of battling, Congress finally agreed on a...

COVID-19: AXA IM’s market and economic update

The COVID-19 crisis continues to cause significant volatility. This is an exceptional and defining time for the global economy, but policymakers and central banks are taking decisive action to...

March Investment Strategy - Preparing the recovery

The extension of the covid-19 pandemic is forcing a growing number of countries into “lockdowns”, which will have a very significant impact on economic activity since the worst-hit sectors...

Multi-Asset Investments views – April 2020 – COVID 19 crisis: we have reduced our exposure to risky assets as short-term risk are high

Reduction of equity positioning in the short term - Virus related slow-down in Q2 and Q3 of 2020 is pushing the global economy into recession. Earnings should fall heavily

Government introduces measures to backstop the labour force

David Page, Head of Macro Research at AXA Investment Managers, comments on the UK’s latest emergency measures announced during the Covid-19 crisis

IGGO'S INSIGHT - Dark Days

As we all isolate and get used to home video conferences and virtual lunches, there is much to reflect on.

BoE surprise monetary easing - another day, another policy measure

David Page, Head of Macro Research at AXA Investment Managers, comments on the Bank of England’s second round of monetary easing during the Covid-19 crisis

The Euro has caught up with the US

Gilles Moec, Group Chief Economist at AXA Investment Managers, comments on yesterday’s ECB announcement

Chancellor addresses Covid threat, amidst broader Budget giveaway

David Page, Head of Macro Research at AXA Investment Managers, comments on the 2020 UK Budget

The US government has caught up, but the ECB still has some way to go

Gilles Moec, Group Chief Economist at AXA Investment Managers, comments on the global COVID-19 crisis and latest fiscal policy announcements from the US Fed and ECB

UK reaction : Chancellor announces next steps in "whatever it takes" strategy

Prime Minister Boris Johnson and Chancellor Rishi Sunak held a joint press conference where a further package of economic support was announced for the economy.

IGGO'S INSIGHT - A view from the markets – Looking for the turn

It is hard to be optimistic when the news is so bad. The virus spread is exponential and market declines are massive. Governments are having to impose emergency powers to deal with the health...

Chancellor addresses Covid threat, amidst broader Budget giveaway

David Page, Head of Macro Research at AXA Investment Managers, comments on the 2020 UK Budget

Bank’s intermeeting cut phase one in today’s coordinated policy response

David Page, Senior Economist at AXA Investment Managers, comments on the latest developments at the Bank of England:

AXA IM aims to drive its future development through two key strategic business units to bring enhanced value to clients and boost commercial momentum

“We strongly believe in leveraging both traditional and alternative asset classes to further provide investors with adequate responses to the current hunt for yield and to bring them long-term...

Cashflow and liability driven investing – why you need to separate the two

Effectively managing cashflow and liquidity challenges is becoming increasingly vital for many institutional investors, something which has led to the rising popularity of cashflow driven investing...

Iggo's insight - Global vs local

There are more and more tensions between a “global” economic model and a “local” one. Politics has shifted towards the local and the emergence of the COVID-19 virus has exacerbated it.

Fed surprises with prompt 50bps cut

David Page, Senior Economist at AXA Investment Managers, comments on the latest US Federal Reserve rate cut: