According to Schroders Azad Zangana, European Economist and Chris Ames, Senior Fixed Income Portfolio Manager, the cut in interest rates is totally irrelevant. Due to the glut of liquidity in money markets, short-term interest rates have been below the ECB's main financing rate for some time – meaning that the latest cut will have near zero impact.

US equity and bond markets have performed in-line over the past few weeks. As a result, the correlation between 10-year rates and the S&P 500, which had turned positive since the announcement of Fed tapering (steepening rates and stronger equity markets), is now weakening once again.

According to Daniel Isidori, fund manager at Threadneedle Investments, the Brazilian companies most affected by the upcoming election are state owned and rather than taking exposure to all of them, he suggests to have a small overweight in the energy giant Petrobras...

The ECB's package of measures providing additional monetary policy accommodation reduces the risk of deflation in the eurozone, but it may not lift inflation from its very low levels, Fitch Ratings says.

The US bipartisan budget proposal announced on Tuesday signals an improvement in the functioning of budget policymaking, Fitch Ratings says. It suggests a lower risk of further political brinkmanship around budget policy...