EU places ESG reporting on par with financial data
A new EU law from 2025 will require companies in Europe to accept a future in which their reporting data on sustainability and their ESG impact will be just as important as data on their financial performance. Non-EU companies also will be subject to these requirements. “The landscape is going to change because preparers are going to offer reliable data,” said Patrick de Cambourg, chair of the EU taskforce on sustainability reporting standards.
Chart of the week: don’t be blindsided by recession
The ISM Manufacturing Index, also known as the purchasing managers’ index, fell more than expected in June. The index dropped to 53 where a reading of 54.5 was expected. This was not really a surprise, as the regional sentiment indicators had already fallen significantly.
In fact, they pointed to an ISM Manufacturing of only just above 50.
PGIM Webinar Replay: Inflation-Hedging Real Estate Opportunities
Listen to Rick Romano, Head of Global Real Estate Securities at PGIM Real Estate, discuss why today’s inflationary environment can be positive for real estate investors, and reveal where compelling opportunities may be found.
UBS AM Panorama Mid-year outlook 2022: Inflation – Rising to the Challenge
A growth scare is the most likely economic regime to be priced by market participants during the second half of 2022.
'The real risks are not yet incorporated in tech stocks'
This year is a tough one for tech stocks. Even companies like Dutch-based ASML, Europe’s leading high-tech company and the world’s main supplier of machines for the semiconductor industry, have seen their share prices fall by more than 45 percent this year, despite record profits. For investors, these are not the times to be very courageous, because the really big risks have not yet been discounted.
Capital Group | Outlook for bonds: What to know as Fed fears hit markets
The path to higher interest rates is painful, but it should ultimately benefit bond investors over the long haul.
European investors most concerned over greenwashing
Nearly two-thirds of investors in Europe are concerned about greenwashing, even though EU regulation has been in place for more than a year, a new survey released on Thursday showed. More than half of all European investors remain very concerned about the lack of transparency and reported data.
Top 5 global equities: Gavekal Global leads
Growing concerns and increasing recession fears set the tone for an erratic second quarter in which global equities went on sale. The S&P 500 index experienced its worst half year in 50 years, down 20 percent in US dollar terms; global inflation is at a 40-year high; and the era of monetary easing appears to be coming to an end as the Fed raised policy rates twice in the past three months, with June’s 75 basis point increase the biggest step since 1994.
PwC adds 14 partners and three new managing directors
PwC Luxembourg on Thursday said it has admitted fourteen new partners to the firm, along with three new managing directors.
These fourteen partners and three managing directors are experts in their fields, and lead teams that demonstrate PwC’s vision for its global network, the firm said.
AXA IM: Investing in robotics and digital economy: an excellent entry point?
With the recent pull back, valuations have come back quite a lot and we now see very attractive entry points in the digital economy and robotics sectors, notably given the long-term growth profile.