Central Banks Diverge Amid Concerns Over Global Growth Divergence between major central banks was the news of the week, as the Bank of Japan surprised markets with more easing, the Bank of England held steady and European Central Bank officials discussed their comfort with additional easing, if it was required.
The start of the year proved to be challenging for investors as a number of factors
weighed heavily on global markets, causing increased volatility and drawdowns in
almost every major asset class. While there are many reasons to remain cautious, we
believe there are also many reasons to be optimistic about the long-term opportunities
for wealth creation, particularly for active managers who may be able to capitalize on
attractive opportunities created by this recent correction.
Pioneer Compass: A Quarterly Update on the Direction of the Markets
Insights & Perspectives | February 2, 2016
Pioneer's COMPASS presentation provides comprehensive data and commentary on global markets. Designed as a tool to help clients understand the markets and support investment decision-making, the capital markets update explores the potential implications of current economic data and changing market conditions.
¹Second only to 2009. Source: Morningstar as of 1/25/16.
Fed Stays the Course While Watching Global Events
Investment Talks | January 29, 2016
In its January 27 meeting the Federal Open Market Committee (FOMC) members indicated that they expected economic data to be supportive of
further tightening, but they continue to remain data dependent. U.S. employment – a primary focus of the FOMC – continued to improve. While realized inflation is low, they pointed out that inflation expectations have remained relatively stable.