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Q4 Investment Outlook: Risks balanced
We’re seeing a rotation, not a sell-off.
Why India cannot take the same road to growth as China
India is a vital cog in the push to net zero, but will wind up competing with the needs of the energy transition for increasingly scarce commodities.
Devil will be in the details after Chinese plenum
There were hints of a greater focus on growth from the Chinese leadership’s third plenum, but markets want to see more concrete steps to prop up the economy
Chart Room: Repowering the wind industry
A project in Spain puts hard numbers on how the replacement - or ‘repowering’ - of turbines will improve the efficiency of wind farms over the next decade.
ECB keeps door open to further rate cuts
European policymakers are likely to cut interest rates again this year, although the risks to the economic outlook and to the euro’s value have faded.
Fixed income tales: Profits in the unexpected
A return to higher interest rates has created valuable opportunities for bond investors.
Fed in a bind as 'narrative wars' take hold
Just over four months into 2024 and inflation has upended earlier forecasts. Salman Ahmed explains why that means more volatility ahead.
US high yield may be less stretched than you think
Investor interest in income strategies has squeezed high yield credit spreads. But a metric we watch at Fidelity suggests they may not be overpriced yet.
The dividend pay-off
Making money on the stock market in the long run is about more than just picking the right growth plays.
Why the surge in EM sovereign issuance?
Developing world governments borrowed as much in the first two months of 2024 as they did in the same period of any in the last 20 years.
Chart Room: The dividend pay-off
Remember income? As 2024 is showing, making money on the stock market in the long run is about more than just picking the right growth plays.
ECB will cut soon, but US divergence can’t be ignored
The European Central Bank is now on course to cut interest rates before the Federal Reserve, but sooner or later it will be captive to events in the US
Fed hopes not to get cornered before June
Fed hopes not to get cornered before June
US high yield may be less stretched than you think
US high yield may be less stretched than you think
Chart Room: overpriced, oversubscribed, but not over yet
Developing world governments borrowed as much in January and February of 2024 as they did in the same period of any of the last 20 years.
Get real: 2024 and the need for income
For the first time in years, the interest available on cash deposits is tempting. However, parking money in ultra-defensive options comes with its own risks.
Lower targets, more stimulus for China
March’s National People’s Congress in China will almost certainly set a reduced growth target of 5 per cent.
Lower rates won’t ground money markets
Interest rates are expected to drop this year. But the solid and secure returns that have drawn investors to money markets will not evaporate quite as quickly.
For the Fed, the last mile is the hardest
US policymakers have cooled expectations of an interest rate cut in March, and there are still big risks on the road to a painless soft landing.
Chart Room: Who’s afraid of the large language model?
After a breakthrough year of hype and high investment, Fidelity’s annual Analyst Survey answers some of the questions about AI from on the ground.
Analyst Survey 2024: Ready for a reset
The past two years have been marked by a fear of how bad the first sustained slowdown since 2008 might become. Our annual survey offers hopeful signs.
Three reasons clean energy stocks could come back in 2024
Three reasons clean energy stocks could come back in 2024
Rich Pickings podcast: What the lessons of 2023 can teach investors for the year ahead
From artificial intelligence to US resilience, Richard Edgar discusses the big themes of 2023 with a panel of multi asset portfolio managers.
Fundamentals: US consumers are resilient, but for how long?
A soft-landing or a slide into recession? How US consumer spending slows in 2024 may be the difference between one and the other. We dig into the detail.
US banks will benefit from the crisis that wasn't
America’s banking sector held firm after the collapse of SVB. A downturn in 2024 will test the industry but the expansion that follows holds promise.
Fed deals its cards early on rates
Fed deals its cards early on rates
Chart Room: Shipping rates: the rise and fallout
Shipping rates have fallen back to earth after surging in the pandemic, reducing inflation but threatening the industry’s already challenging path to net zero
Fundamentals: Why oil is staying steady
Fundamentals: Why oil is staying steady
Chart Room: Cash, the once and future king
After a flood of capital into cash investments this year a look at forward interest rates suggests cash as king could reign for a while.
Chart Room: Catching the turn on bond yields
Chart Room: Catching the turn on bond yields, Fixed Income CIO Steve Ellis discusses the recent bond sell-off.
Far from last orders
One in five pubs in Britain has closed, prompting a national outcry. But rising retail prices and falling energy costs may put the industry on a better footing
Fed holds the line, hopes for a soft landing
Chairman Powell has set his sights on a gentler slowdown, but the impact of higher effective interest rates may hit consumers and companies hard next year.
PBoC ups ante on moves to meet growth target
Chinese authorities are accelerating what to date has been a relatively incremental easing of policy to support growth. There will be more to come.
The cost of higher for longer
With US labour markets still strong, the Federal Reserve is sticking to its “higher for longer” messaging. But the economy may see a shock next year.
Chart Room: Putting the high back into high yield
The era of ultra-low coupons in the European high yield bond market is coming to an end, but higher financing costs also means elevated risk for businesses
Chart Room: Cracks in credit will see gravity kick in
The evidence of strain in the financial system is growing amid a sharp tightening of credit conditions.
Fundamentals: Low cost carriers win again
Airlines are emerging from three tough years, with even business class bookings recovering, but the advantage is again with Europe’s powerful low-cost carriers
Mind the gap: Companies need to spend much more on net zero
Fidelity’s survey of our analysts on ESG issues delivers a home truth: there is a big gap between the action needed to deliver net zero and what is being done.
Playing offense on income funds
Playing offense on income funds
Fundamentals: When boring banking is better
Fundamentals: When boring banking is better
Chart Room: A decade of growth, but a century of value
Value stocks delivered in 2022 after being overshadowed for a decade by a boom in tech. Can value extend its run during a less certain economic period?
First Republic Bank and the outlook for the financial system
First Republic Bank and the outlook for the financial system
Fundamentals: Grain pains and the road to higher prices
Food producers and other consumer staples companies have performed surprisingly well despite the huge challenges posed by the rise in raw material costs.
Chart Room: Is the US labour market ready to crack?
The latest survey of Fidelity sector analysts shows expectations of layoffs by US and European companies over the next year.
Suisse roll-up
An historic last-minute takeover of Credit Suisse by UBS offers an imperfect solution as regulators seek to contain broader systemic risk.
Fundamentals: American cardboard is too heavy
European packaging companies have made progress in reducing plastic use and making cardboard packaging cheaper, lighter, and greener. But US peers are lagging.
The Fed can’t paint over the cracks for long
Fidelity International's Chief Investment Officer for fixed income on what the SVB collapse means for the Fed and monetary policy.
Fundamentals: Looking for winners in the AI arms race
ChatGPT is a watershed moment for the popular use of AI technology, but it will be as hard as ever piecing together the likely paths of development from here.
Fundamentals: This is not an iPhone
A US liberalisation of access to hearing aids brings one of the health world’s big equipment markets closer to the retail mainstream.
Chart Room: Sentiment turns positive, but can it hold?
Chart Room: Sentiment turns positive, but can it hold?
Trade Offs | Baker Hughes: Telling home truths about natural gas
From deep sea divers to Texas roughnecks, Baker Hughes is one of the oil and gas industry’s big three global services players.
Analyst Survey 2023: Light at the end of the tunnel
Boards are in damage-control mode, yet Fidelity’s 2023 Analyst Survey shows more than half of analysts expect the business cycle to turn within the year.
Chart Room: Employee welfare is still a priority
Companies’ recent push to focus on employee wellbeing is unlikely to fade, even as an economic downturn puts pressure on business
Fundamentals: US oil majors finally get serious about clean energy
Fundamentals: US oil majors finally get serious about clean energy
Fundamentals: After a volatile year, how low can commodities go?
Fundamentals: After a volatile year, how low can commodities go?
Fidelity Analyst Survey: Inflation starts to peak
November’s survey of Fidelity’s 150 sector analysts highlights the pain businesses and households are experiencing, but that inflation is already easing.
Mining graduates are a crucial green building block
Winning over graduates and universities is the latest challenge facing miners struggling to deliver the metals needed for the net zero transition.
Chart Room: US housing dip may hit sentiment hard
US real estate was at the centre of the financial crash in 2008. The US housing sector is back in focus again as unaffordability returns to peaks from 2005-7
Dealing with net zero's mining dilemma
Miners' management of their social, political, and environmental risks will be crucial to producing metals the world needs for a net zero transition.
Chart Room: The Fed walks a quantitative tightrope
The quantitative tightening of US financial conditions will inevitably strain parts of the banking system
Chart Room: Supercharged commodities spell a regime change for investing
Demand for real assets neglected in the pandemic could be set to surge as the world shifts to a new, sustainable paradigm, but there will also be more pain
Big brands need to clean up on plastics
As governments get to work on a global treaty on plastics, we are pressing big brands to deliver real world solutions to one of the planet’s biggest challenges
Corporates weigh the cost of long-term Russia exits
Our latest Fidelity International Analyst Survey suggests that for many companies Russia may be un-investable for years to come
Just the ticket: Fashion consumers want more clarity from retailers on sustainability
What’s in a label? Specialist reaction-time testing suggests clearer signalling on sustainability could play a role in turning the tide on what consumers buy.
Chart Room: Ukraine war cuts rate hike expectations
Rate expectations have dipped downwards in Europe and the US, but we expect the Federal Reserve to stick to its hawkish narrative for now.
Analyst Survey 2022: Inflation is back, but will it last?
Analysts expect price pressures to be higher in 2022, posing risks businesses haven't seen for over a decade.
Analyst Survey 2022: Sector by sector
Confidence rises, but analysts expect significant differences across sectors.
Chart Room: Covid recovery tops the list of themes for 2022
Latest survey of Fidelity analysts reveals companies' key concerns for the next 12 months.
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