The Outlook for Asset Prices and the Business Cycle

The Outlook for Asset Prices and the Business Cycle

New Seminar

Overview

The global business cycle, or the US business cycle, is by far the most important determinant of the performance of asset prices such as equities or real estate. The year 2018 has also been notable for the failure of these asset prices to continue the steady gains they made in the years 2009 - 2017. What has changed, and can we expect the normal relationship between the business cycle and asset prices to be restored in 2019?

  • The normalisation of interest rates, central bank balance sheet shrinkage and their impact
  • Mr Trump’s trade war and its impact on stock market performance
  • Why have Japan, the Euro-area and the UK lost momentum?
  • Can China overcome the triple whammy from deleveraging, trade war and currency weakness?

 

Speaker/Course Instructor

GREENWOOD John
Dr John Greenwood is the Chief Economist of Invesco Ltd. with responsibility for providing economic analysis and forecasts to Invesco portfolio managers and clients. He started his career in 1970 as a visiting research fellow at the Bank of Japan. In 1974 he joined GT Management as Chief Economist. The firm was acquired by Invesco in 1998. As editor of Asian Monetary Monitor in 1983, he proposed a currency board scheme for stabilising the Hong Kong dollar. He was a director of the Hong Kong Futures Exchange Clearing Corporation for four years until 1991, and in 1992 became a council member of the Stock Exchange of Hong Kong, a position he held for twelve months. In that same year, he was an economic adviser to the Hong Kong Government. He has been a member of the Committee on Currency Board Operations of the Hong Kong Monetary Authority since 1998. He is also a member of the Shadow Monetary Policy Committee in England, and he serves on the board of the Hong Kong Association in London.

Details

Code
ESITG18103001
Date & Time
Tuesday, 30 Oct 2018 (12:20PM - 1:20PM)
Venue
HKSI Institute Training Centre
Language
English
Hours
SFC:1.0, PWMA:1.0
Fees
All Member: HK$210
Staff of Corporate Member: HK$210
Non-Member: HK$420