1. Research
  2. About us
  3. Analysts
  4. Luke Templeman

If the crosscurrents strengthen, how far could global growth fall?

February 20, 2019
Peter Hooper, Global Head of Economic Research, analyses the three biggest risks on the minds of both policy makers and investors: escalating trade conflict, Brexit and a China slowdown. [more]

More documents from Luke Templeman

59 (49-59)
October 4, 2018
50
Should investors care that Samsung’s ‘scope one and two’ carbon emissions are 150 times higher than those of Apple even though the companies have similar revenue? Caroline Cook, Equity Analyst, says - no. Yet too many ESG investors still incorrectly compare ‘scope one and two’ data purely because it is the most widely disclosed. That is a mistake. [more]
October 4, 2018
Topic:
52
Investors have long attempted to incorporate ESG information into their stockpicking decisions, however, ESG funds have underperformed the market. This issue shows how the latest developments in artificial intelligence and machine learning are finally giving investors the upper hand. Big data catches out ‘greenwashing’ and provides forward-looking market signals that outperform the market. This is a boon for investors who want to determine how ESG issues affect the fair value of stocks. [more]
June 6, 2018
53
About 250 years on from the first industrial revolution, we appear to be on the brink of a new age of automation, one dominated by complex robots and artificial intelligence. In this issue, we examine the impact of the next generation of automation on workers, industry, and society at large. Evidence from history, economics, and our industry analysts suggest that robots are more likely to complement us than replace us. [more]
March 1, 2018
57
In the fourth part of our series on the impact of rising yields, we discuss the rising incidence of zombie firms in recent years. Bottom-up data of some 3,000 companies in the FTSE All World index show that the percentage of zombie firms has more than tripled to 2.0% of firms in 2016 from 0.6% in 1996. Such firms are defined as those with an interest coverage ratio under 1x for 2 consecutive years and a price to sales ratio under 3x. That matters because zombie firms are linked to fading business dynamism and because years of low interest rates should have led to fewer such firms, not more. There are early signs we are at a turning point, however. The numbers for 2017, with two-thirds of firms reporting, suggest that zombie firm incidence declined sharply last year. If this proves to be a real trend, it may give central banks confidence that continuing to raise rates and pull away from unconventional monetary policy will have some advantages. [more]
January 15, 2018
58
Against expectations, economies and markets powered ahead in 2017. Many predict more records to be broken in 2018. Yet, in many sectors, things are more complicated and 2018 may be the year of tipping points that augur unexpected change – both positive and negative. In this issue, we probe these tipping points and analyse the effects on economies and industries that investors may have ignored. [more]
October 2, 2017
59
Welcome to the eleventh edition of Konzept, Deutsche Bank’s flagship research magazine, which coincides with memories of the first stirrings of the financial crisis entering their eleventh year. This issue is published as the Federal Reserve starts rolling back quantitative easing, symbolising the post-crisis era giving way to the post-QE world. [more]
7.4.5