The leaders of Japan and China got off to a tense start but have made significant progress in turning around their relations in recent years.Asia Politicsread more
Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Stocks in Asia were tepid in Tuesday morning trade, while investors looked toward to a meeting between U.S. President Donald Trump and Chinese President Xi Jinping set to...Asia Marketsread more
Chinese Vice Premier Liu He held a phone conversation with U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin, China's Ministry of Commerce...World Economyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
U.S. President Donald Trump's senior adviser Kellyanne Conway will not testify before the House of Representatives Oversight Committee this week on her alleged violations of...Politicsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
PatientsLikeMe was bought by UnitedHealth following a review by Trump's Treasury Department, which scrutinized the start-up because it's backed by Chinese cash.Technologyread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread more
U.S. stocks suffered their worst January in at least seven years last month, as the slump in oil prices, coupled with China's economic slowdown and continued market interventions, roiled global assets.
But Myles Bradshaw, the head of global aggregate fixed income at Amundi, believes markets have been too hasty to call an economic slump and now is the time to buy underpriced riskier assets.
"I think you have got to take a step back — because you can get caught up with the noise of the markets — and ask yourself, fundamentally, what is the outlook for the global economy?" he told CNBC in London.
"Many markets are now pricing in a significant probability of recession and when we talk about recession, we're talking particularly about a U.S. recession. Do you think that is likely or not? To me, the odds are too high; the market is pricing too high a probability."
The U.S.'s Nasdaq composite declined by around 7.9 percent in January, although sharp gains on Friday pushed the tech-focused index into positive territory for the week, along with the Dow Jones industrial average and the .
Bradshaw said that markets were putting a too-low probability on U.S. growth reaching 2-2.5 percent in 2016.
"If you look at the data, clearly there are clouds on the horizon. It's not certain, but to me, we don't deserve to be pricing in that much recession risk. So I would argue that now is the time to actually focus on valuations, understand the technical factors that are cheapening these markets, which are in part to do with people liquidating their assets, and actually be a bit of a contrarian investor," he told CNBC.
On Monday, Oxford Economic said that some indicators, such as declining industrial activity in the G-7 economies, suggested a "moderate" risk of a global recession. However, the research firm highlighted that indicators such as this, and others such as equity market slumps, could overstate the risk of recession.
After all, Nobel Prize-winning economist, Paul Samuelson, famously said that stock markets had predicted nine out of the last five recessions.
Data released on Friday suggested U.S. economic growth slowed to an annualized 0.7 percent in the fourth quarter of last year. This was in line with expectations but down sharply from the annualized 2.0 percent growth seen in the third quarter.
Across 2015, the economy grew by 2.4 percent, after a similar expansion in 2014.
Bradshaw said markets needed more data to be confident of the Federal Reserve's more optimistic outlook for the U.S. economy and expected path of interest rate hikes.
"You would not necessarily expect risk assets to rally sharply back to where they were at the start of the year, but now to me seems the time to be picking up reasonable and cheap assets in the market," he told CNBC.
Amundi is a European asset management company that was jointly created by Credit Agricole and Societe Generale. It has 950 billion euros ($1.0 trillion) in assets under management.