Outlook

2020: Soft landing, earnings returning

Welcome to our team’s views on the outlook for financial markets and investors in 2020. Against an ever-changing macro backdrop, we believe that a synchronised wave of dovish central bank policy and confident consumers should be enough to prevent a global recession - for now. The earnings outlook is also improving, but there is potential for a shift in market leadership and inflation could re-emerge in 2020, as wage pressures build. How should you navigate this environment and how could it impact the opportunity set across asset classes?

Fidelity CIOs: Focus on resilience

In the latest Fidelity CIO discussion, Andrew McCaffery and Romain Boscher consider how despite continuing sensitivity to changes in sentiment, markets are showing signs of optimism. This is due to earnings generally beating estimates and earnings per share bottoming out in the US and Europe. Greater focus on resilience, particularly in China, and on sustainability is benefiting domestic economies and altering supply chains. However, narrow market leadership, inflated valuations and negotiations around fiscal limits remain potential risks.

04 September 2020 | Fidelity International
Outlook Q3: Nearing the limit

Outlook Q3: Nearing the limit

The strength of the market rebound from the Covid-19 crash in the second quarter of 2020 will be hard to match in the third. It occurred despite the widespread economic pain caused by lockdowns but as central banks flooded the financial system with liquidity.

30 July 2020 | Fidelity International
BLOG: A historic low for the RBA Cash Rate

BLOG: A historic low for the RBA Cash Rate

The RBA Cash Rate has been cut to a historic low of 0.50%. However the true economic benefit of today’s interest rate cut on the real economy is questionable. Find out what Anthony Doyle has to say in his recent blog.

03 March 2020 | Anthony Doyle
Equities monthly - February

Equities monthly - February

The EQUITIES MONTHLY provides an overview of our investment team’s views and positioning in each of the key markets. 

13 February 2020 | Fidelity International
Q1 2020 outlook: Slowing but going

Q1 2020 outlook: Slowing but going

The first year of the new decade is shaping up for a relatively benign economic outlook, but returns in 2020 will depend on a variety of different factors. Our investment experts share their views on outlook for the global economy, equities, fixed income, multi asset and real estate.

21 January 2020 | Fidelity International
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