Editor, Investment Strategy. Europe, Middle East and Africa, London
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Aug 7, 2013

Analysis: Euro and emerging economies and equities switch tracks

LONDON (Reuters) – Western European economies are spluttering to life again at last just as emerging markets cool down – confirming one of the investment themes of 2013 and questioning how much financial markets have already discounted these inflection points.

While “sell high and buy low” may be an investment truism subject to myriad valuation and policy caveats, selling equity in cresting economies while buying it in troughing ones is a pretty well-worn global strategy.

Jul 29, 2013
Jul 24, 2013

Watch revenue when parsing western vs emerging bonds

LONDON (Reuters) – Watch governments’ revenues, and not just how much their economies produce, to see if they can support their debt piles.

For investors choosing between bonds of heavily-indebted governments of recessionary European nations and those of the seemingly tidier national accounts in the fast-growing developing world, the point is increasingly poignant.

Jul 24, 2013

Analysis: Watch revenue when parsing western vs emerging bonds

LONDON (Reuters) – Watch governments’ revenues, and not just how much their economies produce, to see if they can support their debt piles.

For investors choosing between bonds of heavily-indebted governments of recessionary European nations and those of the seemingly tidier national accounts in the fast-growing developing world, the point is increasingly poignant.

Jul 10, 2013
Jul 10, 2013

Old normal for bonds rather than fragile new world

LONDON (Reuters) – The global bond market shock of recent weeks may be closer to an ‘old normal’ than some new world of fragile, over-regulated markets posited by many banks and brokers to explain the rout.

One narrative behind the surge in bond yields around the world since May has been that complacent investors simply overreacted to the relatively mild prospect of gradually less bond buying by the U.S. Federal Reserve over the next 18 months.

Jul 10, 2013

INVESTMENT/VOLATILITY

LONDON (Reuters) – The global bond market shock of recent weeks may be closer to an ‘old normal’ than some new world of fragile, over-regulated markets posited by many banks and brokers to explain the rout.

One narrative behind the surge in bond yields around the world since May has been that complacent investors simply overreacted to the relatively mild prospect of gradually less bond buying by the U.S. Federal Reserve over the next 18 months.

Jul 10, 2013

Analysis: Old normal for bonds rather than fragile new world

LONDON (Reuters) – The global bond market shock of recent weeks may be closer to an ‘old normal’ than some new world of fragile, over-regulated markets posited by many banks and brokers to explain the rout.

One narrative behind the surge in bond yields around the world since May has been that complacent investors simply overreacted to the relatively mild prospect of gradually less bond buying by the U.S. Federal Reserve over the next 18 months.

Jul 8, 2013
Jul 5, 2013

Transatlantic monetary divide to accelerate dollar surge

LONDON, July 5 (Reuters) – U.S. monetary policy is zigging
while the rest of the world is zagging, and the world should
brace for a protracted dollar surge, more strains for developing
economies and volatility in global markets.

After two weeks of signalling by central banks, investors
are betting the Federal Reserve will raise U.S. interest rates
within 14 months. No similar move is seen in the euro zone,
Britain or Japan before 2016 at the earliest – the first major
divergence in rate expectations for five years.

    • About Mike

      "Mike Dolan is Reuters' Investment Strategy Editor in Europe. He has been a correspondent and editor for the past 20 years, working for Reuters from London and Washington DC in a variety of roles covering global policymaking, economics and investment trends."
      Joined Reuters:
      1995
      Awards:
      Reuters Editor of the Year, 2009. Reuters multimedia journalist of the year award, 2011
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