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Ruiheng Wang
Article 2 min read

Chart Room: What Japan’s ‘mother machines’ tell us about the world’s manufacturing pulse

The recent trend in Japan’s machine tool orders paints a positive picture for manufacturing in 2024. But investors should be wary of unchartered territory.

Ruiheng Wang + 1 other | 22 February 2024

Timothy Foster
Article 1 min read

Chart Room: Why inflation 'surprises' really shouldn’t be a surprise

More often than not, inflation-linked bond valuations relative to nominal ones underestimate the likelihood of upside inflation surprises.

Timothy Foster + 1 other | 13 February 2024

Kris Atkinson
Article 1 min read

Chart Room: Sterling investment grade offers sanctuary to income seekers

Yields on IG corporate debt look attractive after a difficult period for fixed income. This is useful at a time when it makes sense to act defensively.

Kris Atkinson + 1 other | 9 February 2024

Patrick Graham
Article 2 min read

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.

Patrick Graham | 1 February 2024

Peiqian Liu
Article 2 min read

Chart Room: China’s fiscal policy will do the heavy lifting to pick up growth

Despite a surprise cut to banks’ reserve requirement ratios, it’s fiscal policy that’s likely to take the leading role in driving Chinese growth in 2024.

Peiqian Liu + 1 other | 26 January 2024

Eric Zhu
Article 1 min read

Chart Room: Battle for the dragon’s share of China’s hotel market

The expansion of China’s top hotel brands may look foolhardy amid economic woes, but none of the giants can afford to fall behind in a consolidation phase.

Eric Zhu + 1 other | 18 January 2024

Oliver Newman
Article 2 min read

Chart Room: After a record-breaking year, where next for leveraged finance

Chart Room: After a record-breaking year, where next for leveraged finance

Oliver Newman + 1 other | 11 January 2024

Toby Sims
Article 4 min read

The ups and downs: Charting 2023

Six charts that capture the economic make-up of 2023 - inflation, interest rates, and everything in between.

Toby Sims | 19 December 2023

Morgan Lau
Article 2 min read

Chart Room: China’s booming panda bond market not so black and white

The panda bond market boomed in 2023. But the market still faces hurdles, including poor liquidity and competition from the offshore ‘dim sum’ bond market.

Morgan Lau + 1 other | 15 December 2023

Paul Greer
Article 1 min read

Emerging markets give clues to Fed rate cut timing

Want to know when the Fed or ECB will start cutting interest rates? You could do worse than look at their emerging markets counterparts.

Paul Greer + 1 other | 8 December 2023

Bunny Huang
Article 2 min read

Chart Room: China's solar non grata

Solar energy stocks in China rebounded as the country rekindled cooperation with the US on climate change. But we think investors’ optimism is misplaced.

Bunny Huang + 1 other | 24 November 2023

Fiona O'Neill
Article 1 min read

Chart Room: Struggling consumers weigh on corporate sentiment

Fidelity International’s latest monthly analyst survey shows a continued decline - and in some regions a sharp deterioration - in corporate sentiment.

Fiona O'Neill | 16 November 2023

Cian O'Sullivan
Article 2 min read

Chart Room: Solid foundations support stable outlook for German real estate

Solid foundations support stable outlook for German real estate

Cian O'Sullivan + 1 other | 9 November 2023

Peiqian Liu
Article 2 min read

Chart Room: China’s tourists tiptoe out again

Where tourists went and how they spent during China's first ‘Golden Week’ holiday since zero-Covid ended says a lot about their confidence and changing tastes.

Peiqian Liu + 2 others | 19 October 2023

Ellie Piper
Article 2 min read

Chart Room: A buffer zone for the leveraged loan market

Chart Room: A buffer zone for the leveraged loan market

Ellie Piper + 1 other | 13 October 2023

Steve Ellis
Article 2 min read

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.

Steve Ellis + 1 other | 5 October 2023

Karen Zhou
Article 2 min read

Chart Room: Why China is all aglitter over gold

China’s onshore gold price premium has expanded, spurring cross-border arbitrage and calling for stronger policy measures to shore up confidence.

Karen Zhou + 2 others | 28 September 2023

Alex Dong
Article 2 min read

Chart Room: China’s heavy machine makers dig deeper overseas

China’s machinery firms are making new inroads abroad, seeking profitability that’s built to last as demand falls and competition intensifies at home.

Alex Dong | 20 September 2023

Paul Greer
Article 2 min read

Chart Room: Building a bigger bloc of BRICS

With one country continuing to pull far more economic weight than everybody else, the significance of BRICS expansion will be more diplomatic than economic.

Paul Greer + 1 other | 13 September 2023

Cian O'Sullivan
Article 2 min read

Chart Room: Taking stock of warehouse rents

Chart Room: Taking stock of warehouse rents

Cian O'Sullivan + 1 other | 7 September 2023

Ashray Ohri
Article 2 min read

Chart Room: The Fed’s ‘blocked drain’ conundrum

Despite signs of inflation easing off its peak, interest rate hikes have yet to flow freely and fully throughout the system.

Ashray Ohri + 2 others | 31 August 2023

Daniel Ushakov
Article 2 min read

Chart Room: The return of 60/40?

Chart Room: The return of 60/40?

Daniel Ushakov | 16 August 2023

Pete Anwyll
Article 2 min read

Chart Room: Why real estate location is only part of the answer to diversifying investments

Chart Room: Why real estate location is only part of the answer to diversifying investments

Pete Anwyll + 1 other | 10 August 2023

Monica Li
Article 2 min read

Chart Room: Cost deflation, China’s latest export

China’s undershooting post-pandemic recovery has stoked fears of deflation. Our Analyst Survey indicates that businesses are bracing for cost reductions.

Monica Li + 1 other | 3 August 2023

Amber Stevenson
Article 1 min read

Chart Room: EM and commodities have decoupled - but for how long?

The relationship between EMs and commodities has come under pressure. But a closer look at the two asset classes suggests that the old order could be restored.

Amber Stevenson | 27 July 2023

Andrei Gorodilov
Article 2 min read

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

Andrei Gorodilov + 2 others | 21 July 2023

Victoria Mio
Article 2 min read

Chart Room: Why ‘work from anywhere’ doesn’t work everywhere

Our ESG Analyst Survey indicates that WFH is viewed favourably by most companies around the world. But there is one very big exception to the WFH trend: China.

Victoria Mio + 1 other | 28 June 2023

Craig Topp
Article 2 min read

Chart Room: Leveraged borrowers feel the squeeze as debt costs rise

Chart Room: Leveraged borrowers feel the squeeze as debt costs rise interest cost ratios

Craig Topp + 1 other | 22 June 2023

Peter May
Article 1 min read

Chart Room: Credit markets focus again on fundamentals

Fidelity's model shows factors associated with credit fundamentals and valuations have contributed more than sentiment to investment returns since the pandemic

Peter May + 2 others | 15 June 2023

Tomohiro Ikawa
Article 1 min read

Chart Room: Easing Japan’s ‘June jam’ of shareholder meetings

The pile-up of annual general meetings at the end of June in Japan can be a pain for investors, but jams have been easing somewhat in a positive sign.

Tomohiro Ikawa + 1 other | 8 June 2023

Flora Wang
Article 1 min read

Chart Room: Shifting sands in China’s ESG landscape

Fidelity International's survey shows investors and customers are playing an increasingly important role in driving ESG strategies at Chinese companies.

Flora Wang + 1 other | 31 May 2023

Fiona O'Neill
Article 2 min read

Chart Room: Reopened for business, but now what?

Fidelity International’s latest monthly analyst survey shows a continued decrease in management sentiment, headlined by declines among Chinese companies.

Fiona O'Neill | 25 May 2023

Peiqian Liu
Article 2 min read

Chart Room: Retail therapy for Japan’s ‘lowflation’ headache

The Bank of Japan has struggled to convince the public that inflation will stick. But recent data shows there could be a shift in consumers’ mentality.

Peiqian Liu + 2 others | 18 May 2023

Stephen Whyman
Article 2 min read

Chart Room: Is ‘higher for longer’ the new normal for funding costs?

Chart Room: Is ‘higher for longer’ the new normal for funding costs?

Stephen Whyman + 1 other | 11 May 2023

Rosanna Burcheri
Article 2 min read

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?

Rosanna Burcheri + 3 others | 4 May 2023

Peiqian Liu
Article 2 min read

Chart Room: Getting China’s youth back to work

The job prospects are still gloomy for young people in China, and the picture may get worse before it gets better.

Peiqian Liu | 27 April 2023

Max Stainton
Article 2 min read

Chart Room: What 80 years of data (and 11 recessions) say about today’s macro outlook

Historically, a tightening in financial conditions like the one that we have seen over the last year invariably led to a recession.

Max Stainton + 2 others | 20 April 2023

George Efstathopoulos
Blog 2 min read

Chart Room: Will the renminbi’s stable attraction woo Asian partners?

While the market traditionally focuses on the renminbi’s performance against the US dollar, we think its relationship with Asian peers deserves more attention.

George Efstathopoulos + 2 others | 3 April 2023

Lucas Klein
Article 1 min read

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.

Lucas Klein + 3 others | 30 March 2023

Niall Dunning
Article 2 min read

Chart Room: Technical bid buoys loan market as buyouts dry up

Chart Room: Technical bid buoys loan market as buyouts dry up

Niall Dunning + 1 other | 23 March 2023

Max Stainton
Article 2 min read

Chart Room: Bank blow-ups and tight labour markets make a hard day’s night for the Fed

Chart Room: Bank blow-ups and tight labour markets make a hard day’s night for the Fed

Max Stainton + 2 others | 17 March 2023

Peiqian Liu
Article 2 min read

Chart Room: Why fixed-asset investment is on the move in China

Investment remains a major driver of China’s economy, but priorities are shifting from property to manufacturing.

Peiqian Liu + 1 other | 9 March 2023

Feng Han
Blog 2 min read

Chart Room: Earnings, not valuations, will carry China’s rebounding markets forward

Improving corporate earnings are likely to take over from cheap valuations as the main driver in the next stage of the Chinese stock market's rebound.

Feng Han + 3 others | 23 February 2023

Fiona O'Neill
Article 2 min read

Chart Room: Sentiment turns positive, but can it hold?

Chart Room: Sentiment turns positive, but can it hold?

Fiona O'Neill + 3 others | 16 February 2023

Reggie Pan
Article 1 min read

Chart Room: A hiring spree on the horizon in China

While much of the global economy appears at risk of recession, China is revving up a rebound that’s set to jumpstart the job market.

Reggie Pan + 2 others | 9 February 2023

Anita Krajinovic-Bilos
Article 2 min read

Chart Room: A regulatory cliff edge for unrentable European offices

Chart Room: A regulatory cliff edge for unrentable European offices

Anita Krajinovic-Bilos + 1 other | 2 February 2023

Fiona O'Neill
Article 2 min read

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

Fiona O'Neill + 3 others | 27 January 2023

Ian Samson
Article 1 min read

Chart Room: Rewriting the yen narrative

We think recent tweaks to the Bank of Japan's yield curve control policy could reset the narrative and pave the way for yen appreciation.

Ian Samson | 20 January 2023

Yi Hu
Article 3 min read

Chart Room: Looking back on an inflationary Catch-2022

Eight charts that capture the inflationary torment of 2022 and shine a light on what’s ahead.

Yi Hu + 1 other | 18 December 2022

Becky Qin
Article 1 min read

Chart Room: Credit markets look cautious to a (de)fault

Markets are pricing too much bad news into investment grade bonds, especially now that inflation appears to have peaked.

Becky Qin + 1 other | 8 December 2022

Victoria Mio
Article 2 min read

Chart Room: EVs plug into the mainstream in China

Chart Room: EVs plug into the mainstream in China

Victoria Mio + 2 others | 1 December 2022

Max Stainton
Article 1 min read

Chart Room: Falling US retail sales suggest inflation may have peaked

Real retail sales have fallen significantly since 2021. This suggests core inflation could be due to ease soon - and has almost certainly peaked.

Max Stainton | 25 November 2022

Camille McLeod-Salmon
Blog 2 min read

Chart room: Leveraged loan market relatively resilient as downturn looms

Chart room: Leveraged loan market relatively resilient as downturn looms

Camille McLeod-Salmon + 1 other | 17 November 2022

Charlotte Harington
Article 1 min read

Chart Room: Pressure mounts on yen as US yields soar

Japan's commitment to YCC puts it in a difficult position amid rising inflation. Were the BoJ to abandon YCC, the knock-on effects could be severe.

Charlotte Harington | 27 October 2022

Max Stainton
Article 1 min read

Europe’s unequal gas demand destruction

Europe is already reducing energy demand in response to record high prices. While shortages appear unlikely this winter, next year could be a different story.

Max Stainton + 1 other | 20 October 2022

Aditya Khowala
Blog 3 min read

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

Aditya Khowala + 2 others | 13 October 2022

Adrian Benedict
Article 2 min read

Chart Room: As the energy crisis bites, occupiers see value in green buildings

Chart Room: As the energy crisis bites, occupiers see value in green buildings

Adrian Benedict + 2 others | 29 September 2022

Chris Ellinger
Blog 2 min read

Chart Room: The Fed walks a quantitative tightrope

The quantitative tightening of US financial conditions will inevitably strain parts of the banking system

Chris Ellinger + 2 others | 22 September 2022

Ario Emami Nejad
Blog 2 min read

Chart Room: Interest rates won’t fix the euro’s problems this time

Chart Room: Interest rates won’t fix the euro’s problems this time

Ario Emami Nejad | 7 September 2022

Alexander Laing
Blog 2 min read

Chart Room: What can governments do about Europe’s soaring energy bills?

How might governments in Europe seek to manage soaring energy bills?

Alexander Laing | 1 September 2022

Cyrille Javaux
Blog 2 min read

Chart Room: A tricky market for CLOs prompts innovation

Chart Room: A tricky market for CLOs prompts innovation

Cyrille Javaux + 1 other | 18 August 2022

Rick Patel
Article 1 min read

Chart Room: The plunge in US consumer sentiment

The soaring cost of living has pushed US consumer sentiment to an all-time low.

Rick Patel | 11 August 2022

Craig Topp
Article 2 min read

Chart Room: Leveraged loan returns bounce back, but for how long?

Chart Room: Leveraged loan returns bounce back, but for how long?

Craig Topp + 1 other | 4 August 2022

Timothy Foster
Article 1 min read

Chart room: Inflation is broader, and stickier

Today’s inflation is different from that of a year ago. Now, inflation is spread across a much wider basket of components.

Timothy Foster | 27 July 2022

Fiona O'Neill
Article 1 min read

Chart Room: Global sentiment sinking fast

Fidelity International analysts detect growing signs of recession by year’s end.

Fiona O'Neill + 2 others | 21 July 2022

Fiona O'Neill
Article 2 min read

The ingredients are there for a wage-price spiral

After the surge in inflation, will wages follow? Our analysts think they will.

Fiona O'Neill + 2 others | 8 July 2022

George Efstathopoulos
Blog 1 min read

Chart room: Japan is avoiding the worst of supply-side inflation

Chart room: Japan is avoiding the worst of supply-side inflation

George Efstathopoulos | 23 June 2022

Aditya Khowala
Article 2 min read

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

Aditya Khowala + 2 others | 16 June 2022

Gita Bal
Blog 1 min read

Chart Room: Expectations around rising input costs are starting to moderate

Chart Room: Expectations around rising input costs are starting to moderate

Gita Bal + 1 other | 9 June 2022

George Efstathopoulos
Blog 2 min read

The last of the doves: BoJ unlikely to change course anytime soon

The last of the doves: BoJ unlikely to change course anytime soon

George Efstathopoulos | 19 May 2022

Leia Ma
Article 2 min read

Chart Room: As others hike rates, can China’s easing policy remain a cut above?

Cuts to the reserve requirement ratio remain China’s monetary policy weapon of choice. How they are wielded highlights the tightrope policymakers must walk.

Leia Ma + 3 others | 12 May 2022

Nick Haaijman
Blog 2 min read

Private debt does some heavy lifting in Twitter buyout

Elon Musk’s acquisition of Twitter is one of the most talked about leveraged buyouts of the decade, utilising both public and private debt markets.

Nick Haaijman + 1 other | 5 May 2022

Timothy Foster
Article 2 min read

Chart Room: Three structural factors making for stickier inflation

We don't expect global inflation rates to remain at today's levels, but we see several medium-term factors that should keep upward pressure on inflation.

Timothy Foster + 1 other | 27 April 2022

Tigran Manukyan
Article 1 min read

Chart Room: US yield curve could steepen further out

We are sceptical of the economic scenarios implied by the current pricing of the medium and long parts of the US yield curve.

Tigran Manukyan | 20 April 2022

Eric Tse
Blog 2 min read

Chart Room: Pole position for China’s electric autos

Despite rising materials costs, supply bottlenecks, and cloudy global macro conditions, China’s electric vehicle sector still looks charged for growth.

Eric Tse + 3 others | 6 April 2022

Michael Curtis
Blog 2 min read

Direct lenders take a larger chunk of smaller loan deals

Direct lenders are funding a growing proportion of the European mid-market, with the smallest deals seeing the biggest rise.

Michael Curtis + 1 other | 31 March 2022

Louise Fribourg
Article 1 min read

Chart Room: Long-term tailwinds still in play for renewables

The current pressure on Europe to break its dependency on Russian gas has strengthened the long-term need for green infrastructure.

Louise Fribourg | 23 March 2022

Fiona O'Neill
Blog 1 min read

Chart Room: Ukraine war adds to inflation and brings further supply chain woes

As the appalling human cost of the war in Ukraine continues to grow, the knock-on effects for the global economy are also becoming clearer.

Fiona O'Neill + 4 others | 17 March 2022

James Richards
Article 2 min read

Chart Room: Russia’s war in Ukraine is making metals more precious at any price

Russia’s invasion of Ukraine is causing severe disruption to European commodity markets, exacerbating low inventories and threatening outright shortages.

James Richards + 2 others | 10 March 2022

Salman Ahmed
Blog 2 min read

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.

Salman Ahmed + 2 others | 3 March 2022

Hiten Savani
Blog 2 min read

Chart Room: Rising rates aren’t always bad for ‘low vol’ strategies

Rising bond yields don’t automatically mean bad news for low volatility strategies; understanding why requires a closer look at each cycle of rate increases.

Hiten Savani + 1 other | 17 February 2022

Fidelity International Global Macro & Asset Allocation Team
Blog 2 min read

Chart Room: Fingers in the punch bowl

Central bankers seeking to deploy rate hikes against inflation risk collateral damage as tighter policy threatens already swollen debt servicing costs.

Patrick Graham
Article 1 min read

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.

Patrick Graham + 1 other | 3 February 2022

Shashank Manchanda
Blog 2 min read

Chart Room: Home is where the supply shortage is

Supply has never looked tighter in the US housing market. Construction backlogs persist and prices climb as homebuyers appear undeterred by looming rate hikes.

Shashank Manchanda + 2 others | 27 January 2022

Oliver Trimingham
Blog 2 min read

Chart Room: Electric carmakers to outstrip ICEs by mid 2020s

The number of electric vehicle manufacturers is expected to overtake the number of companies making cars of the gas-guzzling variety by the mid 2020s.

Oliver Trimingham + 1 other | 20 January 2022

Ben Traynor
Blog 3 min read

Chart Room: 2021’s long goodbye to transitory inflation

Five charts that show the inflationary impact of 2021’s reopening cycle

Ben Traynor | 16 December 2021

Rahul Srivatsa
Blog 1 min read

Chart Room: Fidelity quant indicator points to risk off

Fidelity’s Risk Aversion Indicator has quickly moved higher over the past few weeks and now recommends taking risk off the table.

Rahul Srivatsa | 9 December 2021

Daniel Swift
Blog 1 min read

Chart Room: When it pays to consider low volatility strategies

In the face of a riskier macro environment, strategies designed to minimise volatility may find their time to shine.

Daniel Swift + 1 other | 2 December 2021

Neil Cable
Blog 1 min read

Chart Room: The REIT way to invest as private real estate evolves

The way we use buildings is changing. Publicly traded real estate investment trusts (REITs) show how private property funds may be set to evolve in response.

Neil Cable | 25 November 2021

Terry Raven
Blog 1 min read

Chart Room: What policies will push companies towards net zero?

The carrot is more effective than the stick, according to a survey of Fidelity International analysts.

Terry Raven | 18 November 2021

Velislava Dimitrova
Blog 2 min read

Chart Room: Net zero needs decarbonisation solutions

A chasm remains between government plans to cut emissions and the shared goal of net zero by 2050. Nascent decarbonisation solutions may help bridge the gap.

Velislava Dimitrova + 2 others | 11 November 2021

Max Stainton
Article 1 min read

Chart Room: A 100-year view of inflation and asset returns

Long run inflation data show equities and bonds both perform better when inflation is falling. But what about today’s world of persistent price rises?

Max Stainton + 2 others | 4 November 2021

Randy Cutler
Blog 1 min read

Chart Room: Net zero puts oil on a rollercoaster ride

The race to decarbonise is constraining investment in long-cycle energy projects.

Randy Cutler | 28 October 2021

Mo Ji
Blog 2 min read

Chart Room: Digging into China’s GDP growth

A sharp decline in excavator utilisation reflects China’s property-and-infrastructure-induced slowdown, but it also boosts the case for strong policy response.

Mo Ji + 3 others | 21 October 2021

Louise Fribourg
Blog 2 min read

Chart Room: Fidelity Leading Indicator points to contraction

After a summer slowdown, the latest Fidelity Leading Indicator is forecasting a tougher winter.

Louise Fribourg + 3 others | 14 October 2021

Terry Raven
Blog 2 min read

Chart Room: Is inflation here to stay?

Companies face a mix of transitory and structural inflationary pressures, according to Fidelity International’s latest analyst survey.

Terry Raven + 1 other | 7 October 2021

Shing Zhu
Blog 2 min read

Chart Room: The kitchen gets hotter for China’s gadget makers

Demographics are weighing on China’s kitchen appliance segment, but competition is heating up at the higher end of the market.

Shing Zhu + 2 others | 30 September 2021

Louise Fribourg
Blog 2 min read

Chart Room: The energy rally could run out of steam

Oil and natural gas prices could start to moderate as the outlook for demand weakens and supply looks set to increase.

Louise Fribourg | 23 September 2021

Terry Raven
Blog 2 min read

Chart Room: Fidelity analysts temper expectations for margin growth

Fidelity International’s latest monthly analyst survey suggests that the outlook for margins is moderating from elevated levels.

Terry Raven + 1 other | 16 September 2021

Paras Anand
Blog 2 min read

Chart Room: An inflection point for Chinese equities?

There may be pressure on valuations as international investors adopt a wait-and-see approach, but the long-term outlook continues to be positive.

Paras Anand | 9 September 2021

Jay Kim
Blog 2 min read

Chart Room: US restaurants devour record receipts amid rebound

A resurgent desire to eat out has propelled monthly US restaurant sales above pre-pandemic levels. Despite challenges, we see a long runway of recovery ahead.

Jay Kim + 2 others | 2 September 2021

Amit Goel
Article 2 min read

Chart Room: India eyes a bigger slice of export markets

Rapid income growth means more Indian households are buying their first mod cons, while government policies aim to turn India into a major exporter of them.

Amit Goel + 1 other | 26 August 2021

Max Stainton
Blog 2 min read

Chart Room: A pain in the bottleneck for supply chains

There are tentative signs that substantial supply chain bottlenecks in the US are starting to ease.

Max Stainton | 18 August 2021

Charlotte Harington
Blog 2 min read

Chart Room: Bond markets tempt FAIT amid prospects for a steeper US yield curve

The market sees risks that the Fed will not accommodate a large inflation overshoot, but we think the yield curve may have flattened too far.

Charlotte Harington + 3 others | 12 August 2021

Terry Raven
Blog 2 min read

Chart Room: Sentiment moderates amid rising costs and slower growth

Fidelity International’s latest monthly analyst survey reveals that the outlook for management sentiment is moderating as costs continue to rise.

Terry Raven + 1 other | 5 August 2021

Timothy Foster
Blog 1 min read

Chart Room: Gimme shelter (from inflation)

Shelter inflation continues to hold the key for forecasting inflation pressure in the US.

Timothy Foster + 2 others | 29 July 2021

Matthew Quaife
Blog 1 min read

Chart Room: The value rally has further to go

Chart Room: The value rally has further to go

Matthew Quaife | 22 July 2021

George Efstathopoulos
Blog 2 min read

Chart Room: Why stock-bond correlations are turning positive

In the wake of Covid-19, US tech and consumer discretionary firms are leading a departure from the negative correlation between equities and bonds.

George Efstathopoulos + 2 others | 15 July 2021

Marton Huebler
Article 1 min read

Chart Room: Emerging market currencies left behind as commodity prices soar

The close relationship between commodity prices and emerging market currency returns has broken down this year.

Marton Huebler | 8 July 2021

Takashi Maruyama
Blog 2 min read

Chart Room: What Japan’s digital transformation means for markets

After years as relative laggards, Japanese companies are diving headfirst into DX, or digital transformation, and investors should take notice.

Takashi Maruyama + 3 others | 29 June 2021

Terry Raven
Blog 2 min read

Chart Room: Which sectors are most proactive in the race to net zero?

Companies need to be proactive about decarbonising if they are to survive - and flourish - in a net zero economy.

Terry Raven | 24 June 2021

Velislava Dimitrova
Blog 3 min read

Chart Room: The crisis and opportunity in recycling single-use plastics

Production of single-use plastics is forecast to continue rising for the next decade-plus, and investment opportunities will depend greatly on recycling.

Velislava Dimitrova + 4 others | 17 June 2021

Morgan Lau
Blog 2 min read

Chart Room: Stronger for longer for China’s renminbi?

Expectations for further renminbi appreciation have risen, but we think short-term gains could be capped from here.

Morgan Lau + 3 others | 10 June 2021

Terry Raven
Article 2 min read

Chart Room: Fidelity analysts expect inflationary pressures to keep rising for now

Inflationary pressures are picking up, according to Fidelity International’s latest monthly analyst survey.

Terry Raven + 1 other | 3 June 2021

Sherry Qin
Blog 1 min read

Chart Room: China’s EV industry is charged for growth

The combination of falling battery costs and rising adoption rates means China's EV industry is charged for growth.

Sherry Qin + 3 others | 26 May 2021

Louise Fribourg
Blog 2 min read

Chart Room: An uneven supercycle for commodities?

Most commodity prices have been strong this year, spurring talk of a potential supercycle. But the returns could be more dispersed from here.

Louise Fribourg + 3 others | 20 May 2021

Tim Foster
Blog 2 min read

Chart Room: Rapid reopening drives inflation higher

US headline consumer prices have risen at the fastest pace in 13 years due to positive base effects, rising energy prices and the reopening of the economy.

Tim Foster + 1 other | 13 May 2021

Amit Goel
Blog 2 min read

Chart Room: The rapid rise of digital payments in India

The technological transformation of India’s economy has accelerated in recent years, as can clearly be seen in the accelerating shift to digital transactions.

Amit Goel + 3 others | 6 May 2021

Matthew Jennings
Blog 1 min read

Chart Room: Why dividends make sense in an inflationary environment

History shows how dividend-focused investment strategies can provide sustainable income in a reflationary environment.

Matthew Jennings + 2 others | 29 April 2021

George Efstathopoulos
Blog 2 min read

Chart Room: China has fewer reasons to be hawkish

China's short-end rates remain low despite earlier expectations for monetary tightening.

George Efstathopoulos + 3 others | 22 April 2021

Eugene Philalithis
Blog 1 min read

Chart Room: Equity volatility eases as Treasury yields rise

The VIX has fallen below a key technical level, suggesting a new wave of investor optimism.

Eugene Philalithis + 2 others | 15 April 2021

Nick Price
Blog 2 min read

Chart Room: EM outperformance could be sustained, if commodities are a guide

This week’s Chart Room shows the historical correlation of EM equities with commodities, which suggests that the breakout could be sustained.

Nick Price + 1 other | 8 April 2021

Terry Raven
Blog 2 min read

Chart Room: Energy and industrials sectors to bounce back in 2021

Revenue growth this year could be strongest in the sectors worst affected by Covid-19, according to Fidelity International’s latest monthly analyst survey.

Terry Raven + 1 other | 1 April 2021

Matthew Siddle
Blog 2 min read

Chart Room: Retail investors pile into the fastest growing stocks

Retail investors' market participation is extreme not only in volume, but also concentration.

Matthew Siddle + 2 others | 25 March 2021

Timothy Foster
Blog 2 min read

Chart Room: A Goldilocks spot for inflation-linked bonds

We see a sweet spot in inflation-linked bonds with maturities ranging from 1 year to 10 years.

Timothy Foster + 1 other | 18 March 2021

Jenn-Hui Tan
Blog 1 min read

Chart Room: Corporate ESG focus reverts to pre-Covid priorities

An economic rebound could bring with it a reversion to pre-pandemic priorities in environmental, social and governance (ESG) factors.

Jenn-Hui Tan | 11 March 2021

George Efstathopoulos
Blog 1 min read

Reflation revives outlook for UK equities

Signs of reflation are sparking hopes that UK equities will benefit from a vaccine-led reopening of the economy.

George Efstathopoulos | 4 March 2021

Max Stainton
Blog 2 min read

Chart Room: Staying afloat amid a rising tide of debt

Central banks have been playing a key role in keeping higher debt loads affordable.

Max Stainton + 2 others | 25 February 2021

Timothy Foster
Blog 1 min read

Chart Room: Keep an eye on housing rents when tracking inflation

Some key considerations make us more constructive on US rents for the year ahead, particularly soaring home purchase prices.

Timothy Foster + 1 other | 18 February 2021

Rahul Srivatsa
Blog 2 min read

Chart Room: Risk-on and on, with caveats

Caution and careful positioning are important from here, based on the latest readings from Fidelity’s risk aversion indicator.

Rahul Srivatsa + 2 others | 10 February 2021

Anthony Doyle
Blog 1 min read

Chart Room: Emerging markets and the reopening trade

Emerging EMEA (Europe, Middle East and Africa) and Latin American stocks are particularly well positioned to reap the benefits of reopening.

Anthony Doyle + 1 other | 4 February 2021

Fabio Riccelli
Blog 2 min read

Chart Room: The return of the value super-cycle?

In this week’s Chart Room, we look at both sides of the long-standing debate between value and growth investment styles, as seen from both Europe and China.

Fabio Riccelli + 3 others | 28 January 2021

Stuart Rumble
Blog 1 min read

Chart Room: After the Gold Rush

Is it time to take profits in gold?

Stuart Rumble + 1 other | 21 January 2021

Steve Ellis
Blog 2 min read

Chart Room: A liquidity tide for the record books

2020 brought us new high-water marks in the US for both money supply growth and the personal savings rate.

Steve Ellis | 13 January 2021

George Efstathopoulos
Blog 1 min read

Chart Room: Chinese stocks, playing catchup, finally retrace 2015 highs

But the rally in China’s main onshore index still lags its US and global counterparts.

George Efstathopoulos + 2 others | 7 January 2021

George Efstathopoulos
Article 2 min read

Chart Room: China government bond yields catch their breath

Chart Room: China government bond yields catch their breath

George Efstathopoulos + 1 other | 17 December 2020

Anthony Doyle
Blog 1 min read

Chart Room: Weakening dollar gives emerging markets a shot in the arm

Emerging markets may be helped further along by the weaker outlook for the US dollar.

Anthony Doyle + 3 others | 10 December 2020

Oli Shakir-Khalil
Article 1 min read

Chart Room: Deploying the fiscal firehose

Chart Room: Deploying the fiscal firehose

Oli Shakir-Khalil + 2 others | 3 December 2020

Louise Fribourg
Article 2 min read

Chart Room: Oil vs gold - two sides of the reopening trade

Chart Room: Oil vs gold - two sides of the reopening trade

Louise Fribourg + 2 others | 26 November 2020

Ian Samson
Article 2 min read

Chart Room: Asia’s export engine supercharged by new trade deal

Chart Room: Asia’s export engine supercharged by new trade deal

Ian Samson + 2 others | 19 November 2020

Jenn-Hui Tan
Blog 1 min read

Chart Room: The clear link between ESG and returns

How have stocks that scored high for Environmental, Social and Governance (ESG) factors held up amid the Covid-19 fallout?

Jenn-Hui Tan + 3 others | 12 November 2020

Gita Bal
Blog 1 min read

Chart Room: Some sectors may be set for a margin squeeze

The latest reading from our monthly analyst survey shows which companies are struggling with inflationary pressure but also weaker pricing power.

Gita Bal + 4 others | 5 November 2020

George Efstathopoulos
Blog 2 min read

Chart Room: Correlations boil and bubble 🎃 and may spell toil and trouble 🦇

In this follow-up special Halloween edition of Chart Room, we look at how correlations are casting a spell over markets.

George Efstathopoulos + 3 others | 29 October 2020

Anthony Doyle
Blog 1 min read

Chart Room: Government debt climbs to spooky heights

In this special Halloween edition Chart Room (part 1 of 2), we look at the frightening levels of government debt around the world.

Anthony Doyle + 2 others | 22 October 2020

Stuart Rumble
Blog 1 min read

Chart Room: Why growth still has room to grow in China equities

The valuation premium for China growth stocks versus value stocks hit a new all-time high, lifted by the consumer, tech and healthcare sectors.

Stuart Rumble + 2 others | 15 October 2020

Natalie Briggs
Blog 1 min read

Chart room: European cyclicals vulnerable if manufacturing data moderates

Any moderation in the growth of new manufacturing orders could make cyclicals vulnerable to a de-rating.

Natalie Briggs + 2 others | 8 October 2020

George Efstathopoulos
Blog 1 min read

Chart Room: Is disinflation lurking around the corner?

In a bullish signal, the bond market’s short-term expectations for US inflation are back near pre-crisis levels. But are investors being overly optimistic?

George Efstathopoulos + 3 others | 24 September 2020

Jon Guinness
Blog 2 min read

Chart Room: Why some tech valuations may be lower than you think

A closer look at longer-term valuations reveals some surprising trends in tech.

Jon Guinness + 3 others | 17 September 2020

George Efstathopoulos
Blog 2 min read

Chart Room: Emerging market currencies lag on inflation risks

EM countries are using some of the same monetary and fiscal measures as developed markets. But this could add to rising inflation and currency weakness.

George Efstathopoulos + 3 others | 10 September 2020

Crystal Cui
Blog 2 min read

Chart Room: China’s Covid rebound puts the ‘V’ in investment

Fixed asset investment (FAI) in China has recovered to its pre-Covid levels of growth, with infrastructure and property driving the nation’s broader economy.

Crystal Cui + 3 others | 3 September 2020

George Efstathopoulos
Blog 2 min read

Chart Room: The resilience of China’s onshore stocks

China’s onshore stocks (A-shares) have outperformed their Hong Kong and overseas listed counterparts, but their valuations are relatively undemanding.

George Efstathopoulos + 3 others | 27 August 2020

Stuart Rumble
Blog 1 min read

Chart Room: A new record high for US stocks, but mind the lopsided valuations

The average European bank capital ratio has never been stronger. This has led to a stark contrast in returns across bank capital structures.

Stuart Rumble + 2 others | 20 August 2020

Amit Lodha
Blog 2 min read

Chart Room: US debt delinquencies drop, but recession looms as unemployment surges

Household debt forbearance measures have given a temporary boost to borrowers in the US. But as unemployment surges, more supportive measures will be needed.

Amit Lodha + 3 others | 13 August 2020

Stuart Rumble
Blog 1 min read

Chart Room: European banks’ CoCo bonds soar while equities slump

The average European bank capital ratio has never been stronger. This has led to a stark contrast in returns across bank capital structures.

Stuart Rumble + 3 others | 6 August 2020

Stuart Rumble
Blog 1 min read

A heavy outlook for the US Dollar

The relentless spread of Covid-19 across the US and improving risk sentiment elsewhere is crimping demand for the safe-haven reserve currency.

Stuart Rumble + 2 others | 30 July 2020

Takashi Maruyama
Blog 1 min read

Chart Room: Robots on the rise in a post-Covid world

We think factory automation will accelerate further in a post-Covid world, as machines don’t get sick and can work continuously excluding maintenance.

Takashi Maruyama + 3 others | 22 July 2020

George Efstathopoulos
Blog 1 min read

Chart Room: Why China government bonds have underperformed other markets

China government bond yields are diverging from other major government bond markets.

George Efstathopoulos + 3 others | 15 July 2020

Hyomi Jie
Blog 1 min read

Chart Room: Chinese consumers’ growing preference for local brands

The Covid-19 experience is spurring changes in behavior among Chinese consumers. Among these is a growing preference for domestic brands over foreign ones.

Hyomi Jie + 2 others | 9 July 2020

Stuart Rumble
Blog 1 min read

Chart Room: Asian equities diverge, creating opportunities

The difference in performance between equity markets in East Asia and South Asia (India, ASEAN nations) is the largest in nearly 15 years.

Stuart Rumble + 2 others | 2 July 2020

Stuart Rumble
Blog 2 min read

Chart room: Despite a recent rally, high yield bonds still look cheap

For US high yield, valuations look historically cheap on a relative basis - especially when compared to equities.

Stuart Rumble + 2 others | 18 June 2020

Stuart Rumble
Blog 1 min read

Chart room: Another false dawn for value stocks?

Over the past decade, previous periods of value outperformance have been short-lived. Will this time be different?

Stuart Rumble + 3 others | 11 June 2020

Stuart Rumble
Blog 1 min read

Chart Room: QE expectations vs. reality, market moves

Market expectations of future asset purchases by the Fed have an even greater influence than the purchases themselves.

Stuart Rumble + 2 others | 4 June 2020

Ian Samson
Article 2 min read

Chart Room: Mobility data shows most economies are rebounding slowly

Economic activity is being determined by virus response rather than slower-moving traditional industrial cycles. We need to adjust our toolkits accordingly.

Ian Samson + 2 others | 28 May 2020

Stuart Rumble
Blog 1 min read

Chart Room: Beware the narrowing market

Equity market performance is now at its narrowest since the 2008 Financial Crisis, with the rally riding on a dwindling number of large-cap growth stocks.

Stuart Rumble + 2 others | 21 May 2020

Joseph Zhang
Blog 1 min read

Chart Room: What in the world is going on with gold?

The correlation between gold and equities has increased to an 18-month high, calling into question the metal’s usual benefit as a porfolio diversifier.

Joseph Zhang + 2 others | 7 May 2020

Stuart Rumble
Blog 1 min read

Chart Room: More policy easing supports China bonds

This week’s Chart Room shows how ample liquidity is helping China’s onshore bond markets navigate around global volatility.

Stuart Rumble + 2 others | 29 April 2020

Amit Lodha
Blog 1 min read

Chart room: Beauty of big tech stocks is in the eye of the beholder

Our latest Chart Room takes a comparative look at the long run up in the Nasdaq 100 index.

Amit Lodha + 2 others | 23 April 2020

George Watson
Blog 1 min read

Chart Room: Fidelity analysts expect longer disruptions from Covid-19

Chart Room: Fidelity analysts expect longer disruptions from Covid-19

George Watson + 2 others | 16 April 2020

Edith Chan
Blog 1 min read

Edith Chan + 2 others | 2 April 2020

Stuart Rumble
Blog 1 min read

Chart room: The dash for dollars

Currency basis swap rates reflect dollar liquidity squeeze.

Stuart Rumble + 2 others | 27 March 2020

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