Investors focus on state polling as U.S. election nears

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With less than a week to go until the U.S. presidential election, investor anxiety about tomorrow’s outcome is running high, as evidenced by the recent move in risk assets. So

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IMF/World Bank Meetings Point to Brighter Outlook for Emerging Markets

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A ray of optimism peeked through at the annual International Monetary Fund/World Bank Group meetings: The outlook for emerging markets (EM) is decidedly constructive. The vortex of the taper tantrum,

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ECB preview – More easing expected in December

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Baseline We expect the European Central Bank (ECB) to leave policy unchanged at the 8 September Governing Council meeting. We do, however, expect it to ease at the 12 December

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The Fed: Silent on September

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When Fed Chair Janet Yellen spoke in Cambridge, Mass. on 27 May, she outlined conditions to justify a rate hike: “The economy is continuing to improve … growth looks to be

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PIMCO appoints Emmanuel (Manny) Roman as next chief executive officer

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PIMCO has announced that the firm’s Managing Directors have appointed Emmanuel (Manny) Roman as PIMCO’s next Chief Executive Officer. PIMCO’s current CEO Douglas Hodge will assume a new role as Managing Director

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Mind the gaps (although they are small at this juncture)

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The surprise outcome of last Thursday’s Brexit vote caught many investors flat-footed. Global central bankers and others charged with liquidity management, however, have merely lifted an eyebrow. In part, this

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The Illiquidity Illusion

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Financial markets have gone through seismic changes since the global financial crisis, including the passage and continued implementation of both Dodd-Frank and European Market Infrastructure Regulation. These new regulations, geared

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PIMCO creates global advisory board of five leading global economic and policy experts

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PIMCO, a leading global investment management firm, has retained five world-renowned experts on economic and political issues to form a PIMCO Global Advisory Board. The Board members will contribute their

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