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Global markets commentary and analysis

These articles monitor and interpret the markets, delivering updates and insights reflecting a prism of perspectives across asset classes, geographies and investment platforms.

Questions? Please contact your J.P. Morgan representative or email jpmam.info@jpmorgan.com

 

The Global View: The euro area austerity and growth debate comes back

 

May 7, 2013

  • Ongoing recession, new political actors have brought the debate over euro area fiscal austerity back to the stage
  • This discussion mostly misses the point, as austerity was unavoidable in peripheral countries and will ease significantly after this year
  • Sustainable growth in the euro area will require ongoing institution-building at the regional level and structural reform within countries
  • For now, the region remains stuck in mild but painful recession
  • The good news is that the Cyprus debacle has not created significant collateral damage

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The Global View: Checking up on inflation

 

April 8, 2013

  • Inflation in the U.S. has held steady or edged lower in recent months
  • Early warning signs show no hint of pressure in coming quarters
  • The labor market will continue to drive Fed policy (and U.S. Treasuries), though too-low inflation could push tightening back even further
  • EM economies on a different inflation path, policy tightening possible in some places

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The Global View: Is Japan here to stay?

 

March 20, 2013

  • Japanese policymakers going all out in anti-deflation effort
  • Yen depreciation is the main near-term consequence and can go further
  • "Growth strategy" faces more difficult obstacles
  • Deflation must end for Japanese equities to be of strategic interest to foreigners
  • Fate of JGB market also rests on the economy expanding in nominal terms

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Library

 
March 5, 2013
The Global View: The Atlantic bank divide
 
February 12, 2013
The Global View: Unemployment and the Central banks
 
January 14, 2013
The Global View: More to go in emerging markets
 
December 19, 2012
The Global View: Corporate cash is not just about caution
 
November 20, 2012
The Global View: The euro area's moving parts
 
October 26, 2012
The Global View: The fiscal cliff in perspective
 
October 18, 2012
The Global View: What currency war?
 
October 5, 2012
The Global View: When will high-beta outperform?
 
September 20, 2012
The Global View: The volatility conundrum
 
September 5, 2012
The Global View: Asia as an Achilles’ heel
 
August 8, 2012
The Global View: Waiting for the inflection point
 
July 20, 2012
The Global View: A hot time in the commodities markets
 
July 10, 2012
The Global View: Trend is your friend
 
June 22, 2012
The Global View: Liquidity discount
 
June 6, 2012
The Global View: Rush to safety – 3 charts to tell the story
 
May 9, 2012
The Global View: Monitoring renewed stress in the euro area – 3 charts to watch
 
March 15, 2012
The Global View: Three charts to tell the international growth rebound story
 
February 28, 2012
The Global View: Gradual healing in US labor and housing markets
 
February 6, 2012
A bit of risk creeps into the “low-for-long” view
 
January 24, 2012
On Greek PSI and the future of the CDS market
 
January 18, 2012
The Global View: The China story grows more complicated
 
December 2, 2011
The Global View: Will the year-end equity rally repeat this year?
 
November 22, 2011
The super committee and U.S. fiscal policy: Q & A
 

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