The US bull market is officially the longest on record since World War II surpassing the 1990, 2000 and 2007 peaks. It is hard to imagine the music won't skip a beat in the face of rising rates, shrinking central bank balance sheets, curtailing liquidity, trade spats, wage inflation risks, and emerging market credit concerns.

BNP Paribas Asset Management (‘BNPP AM') announces the closing of BNPP AM Euro CLO 2018 B.V., a EUR 411.25 million securitisation vehicle that invests in a diversified portfolio of syndicated leveraged loans to European corporates.

US economic growth should hold up even as quantitative tightening continues to take its toll in emerging markets, Europe grapples with ongoing structural issues and the UK is hamstrung by Brexit, according to Talib Sheikh, manager of the Jupiter Flexible Income Fund. “In these tricky conditions, flexibility and having options are key to managing risk, he added.

Fed Chairman Powell reiterated the FOMC's view of the economy as unusually favorable; Argentina has made some gains, courtesy of the IMF; Italy's latest budget is still a work in progress.

Aviva Investors, the global asset management business of Aviva plc (‘Aviva'), announces the appointment of Susan Schmidt as Head of US Equities, expanding its geographical footprint in the asset class after nine hires to its UK, Global and Emerging Market equities teams in July.