Allianz Research

Allianz Global Wealth Report 2024:
Surprising relief

Sporting goods are a rare bright spot in Covid times

Sporting goods are one of the rare winners from the Covid-19 outbreak amid a decimated discretionary retail industry: we expect U.S. retail sales of sporting goods to hit an all-time high of USD48bn in 2020. 

 

The transatlantic spread: Pricing in inflation (un)certainty

The transatlantic yield spread between the U.S. and the Eurozone narrowed by over 80bp until mid-September but has clearly re-widened lately. The prevailing view among market participants seems to be that this divergence reflects a divergence in economic momentum as the Eurozone is heading for a double dip.

 

U.S., Europe or China: Who is the global climate’s superhero?

Covid-19 will upend the old pecking order in the global economy – and in climate policy. China is not only leading the economic recovery post-Covid-19 but also seems to be shifting from laggard to leader in climate policy, with President Xi Jinping’s pledge for net-zero emissions by 2060.