Home Institutioneel News and Insights Weekly review: Central bank ructions cause chaos in financial markets Multi-Asset Weekly review: Central bank ructions cause chaos in financial markets November 2021 Steven Bell Managing Director, Portfolio Manager & Chief Economist, Multi Asset Solutions LEARN MORE ABOUT THE AUTHOR Share Highlights It was an extraordinary week for financial markets, with central banks taking centre stage. The Reserve Bank of Australia had a major impact on money markets, causing central banks of the US, UK and Europe having to take extra steps to calm investor nerves. The Bank of England added to this by keeping base rates on hold, despite wide expectation of a rate rise at their November meeting. Inflation means that rates are still set to rise in the US and UK sooner than the market currently thinks, but pressures are significantly less for Europe and Japan. Despite strong exports, China remains a concern; and higher rates are a headwind for equities, but we think the bull market in developed market equities has further to run. Risk Disclaimer Past performance is not a guide to future performance. The value of investments and any income derived from them can go down as well as up and investors may not get back the original amount invested. The information, opinions, estimates or forecasts contained in this document were obtained from sources reasonably believed to be reliable and are subject to change at any time. Related videos Multi-Asset WEEKLY REVIEW: FUEL FOR A SANTA CLAUS RALLY (RENEWABLY SOURCED OF COURSE) 8 min watch Weekly review: Fuel for a Santa Claus Rally (renewably sourced of course) Chief economist Steven Bell explains why he foresees a continuation in the equity bull market, and how Boris avoided a big blunder last week… Multi-Asset WEEKLY REVIEW: CENTRAL BANKS SET TO TIGHTEN POLICY. HOW WILL EQUITIES REACT? 4 min watch Weekly review: Central banks set to tighten policy. How will equities react? Macro Update Multi-Asset WEEKLY REVIEW: SUPPLY SHORTAGES, PROTECTED PROFITS AND STRONGER STERLING 6 min watch Weekly review: Supply shortages, protected profits and stronger sterling Macro Update 25 October 2021 Other articles you might like Responsible Investment ESG KNOWLEDGE SHARED: NOVEMBER 2021 3 min read ESG knowledge shared: November 2021 Keep up to date with responsible investing through our monthly roundup of highlights – articles we’re reading, podcasts we’re enjoying, useful videos and more. Responsible Investment HOW IS OUR CLIMATE CHANGING 2 min How is our climate changing Year after year we’re seeing more record-breaking temperatures and severe weather events Responsible Investment OUR APPROACH TO NET ZERO INVESTING 2 min read Our approach to net zero investing Discover our methodology for achieving net zero emissions by 2050 or sooner across all our assets under management. Home Pensioenakkoord Oplossingen Fondsen Nieuws en inzichten Documenten Over ons Contact Volg BMO op social media Sitemap Juridisch Privacybeleid ©2021 BMO Global Asset Management. BMO Global Asset Management is de geregistreerde handelsnaam voor verschillende gelieerde entiteiten van BMO Global Asset Management (EMEA) die beleggingsbeheer diensten, diensten voor institutionele klanten eneffecten producten aanbieden. Financieel promotiemateriaal wordt uitgegeven voor marketing- en informatiedoeleinden; in het Verenigd Koninkrijk door BMO Asset Management Limited, waaraan vergunning is verleend door en dat onder toezicht staat van de Financial Conduct Authority; in de EU door BMO Asset Management Netherlands B.V., waaraan vergunning is verleend door en dat onder toezicht staat van de Nederlandse Autoriteit Financiële Markten (AFM); en in Zwitserland door BMO Global Asset Management (Swiss) GmbH, die optreden als vertegenwoordigingskantoor van BMO Asset Management Limited. Deze entiteiten zijn alle volledige dochterondernemingen van Columbia Threadneedle Investments UK International Limited, waarvan de directe moederonderneming Ameriprise Inc. is, een in de Verenigde Staten opgerichte onderneming. Deze maakten vroeger deel uit van de BMO Financial Group en gebruiken momenteel onder licentie het merk ‘BMO’.