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Simon Ward

Economic Adviser

Simon is a partner at NS Partners LLP and is Economic Adviser to Janus Henderson Investors in London, a role he has held since 2009. He previously worked at New Star Institutional Managers, Lombard Street Research and Bank Julius Baer. He has degrees in economics and finance from Cambridge University and Birkbeck College, London.

Articles Written

Global manufacturing PMI peak delayed, relapse still likely
Global Perspectives

Global manufacturing PMI peak delayed, relapse still likely

Further PMI strength in April likely reflects temporary factors and the monetary signal for future direction remains negative, argues Simon Ward, Economic Adviser.

Profits forecasts at risk from waning government support
Global Perspectives

Profits forecasts at risk from waning government support

Corporation taxes may be on the rise but a withdrawal of pandemic-related subsidies is a more immediate threat to profits optimism, argues Simon Ward, Economic Adviser.

Global money trends still cautionary
Global Perspectives

Global money trends still cautionary

Global money growth continues to cool, suggesting downside risk to optimistic consensus economic growth forecasts, argues Simon Ward, Economic Adviser.

A “monetarist” perspective on current equity markets – April 2021
Global Perspectives

A “monetarist” perspective on current equity markets – April 2021

Markets face monetary headwinds and a near-term industrial slowdown could dent earnings expectations, argues Simon Ward, Economic Adviser.

Monetary financing fuels red-hot UK money growth
Global Perspectives

Monetary financing fuels red-hot UK money growth

UK money growth is pulling ahead of other majors, warranting relative economic optimism but concern about sterling and inflation, argues Simon Ward, Economic Adviser.

Global money trends still cooling before US fiscal boost
Global Perspectives

Global money trends still cooling before US fiscal boost

Strong March PMIs reflect fast money growth in mid-2020 and industrial momentum is probably peaking, argues Simon Ward, Economic Adviser.

Will China spoil the global reflation party?
Global Perspectives

Will China spoil the global reflation party?

Chinese monetary policy is restrictive and could offset the boost to global growth from new US fiscal stimulus, argues Simon Ward, Economic Adviser.

Will US fiscal stimulus drive another jump in money measures?
Global Perspectives

Will US fiscal stimulus drive another jump in money measures?

Renewed monetary strength would increase the risk of a near-term inflation rise becoming entrenched, argues Simon Ward, Economic Adviser.

UK money trends signalling overheating risk
Global Perspectives

UK money trends signalling overheating risk

Monetary financing of the fiscal deficit – revised up significantly for 2021-22 in yesterday’s Budget – threatens a balance of payments blowout and much higher inflation, argues Simon Ward, Economic Adviser.

Is global reflation priced in?
Global Perspectives

Is global reflation priced in?

Changes in economic optimism drive market moves and current bullishness implies limited room for further upgrades, argues Simon Ward, Economic Adviser.

UK inflation forecast update
Global Perspectives

UK inflation forecast update

Simon Ward, Economic Adviser, sets out the case for expecting UK CPI inflation to overshoot Bank of England and consensus forecasts.

Monetary deficit finance and medium-term inflation
Global Perspectives

Monetary deficit finance and medium-term inflation

Government reliance on banking systems to finance unprecedented peacetime deficits is laying the foundation for a lasting inflation pick-up, argues Simon Ward, Economic Adviser.