{"id":6263,"date":"2026-07-07T11:48:54","date_gmt":"2026-07-07T03:48:54","guid":{"rendered":"https:\/\/www.bis.hk\/?p=6263"},"modified":"2026-07-07T11:48:54","modified_gmt":"2026-07-07T03:48:54","slug":"less-equity-more-serenity-the-great-db-pension-glow-up","status":"publish","type":"post","link":"https:\/\/www.bis.hk\/zh-cn\/less-equity-more-serenity-the-great-db-pension-glow-up\/","title":{"rendered":"Less Equity, More Serenity: The Great DB Pension Glow-Up"},"content":{"rendered":"\n<p><img decoding=\"async\" style=\"width: 30px;\" src=\"https:\/\/www.bis.hk\/wp-content\/uploads\/2020\/11\/833px-PDF_file_icon.svg_.png\" alt=\"\"> Less Equity, More Serenity: The Great DB Pension Glow-Up \u2013\u00a0<a href=\"https:\/\/www.bis.hk\/PDF\/2026-07-06_chart.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Download Chart of the week<\/a><\/p>\n\n\n\n<p><img decoding=\"async\" style=\"width: 30px;\" src=\"https:\/\/www.bis.hk\/wp-content\/uploads\/2020\/11\/833px-PDF_file_icon.svg_.png\" alt=\"\"> The Market Place \u2013&nbsp;<a href=\"https:\/\/www.bis.hk\/PDF\/2026-07-06_marketplace.pdf\" data-type=\"link\" data-id=\"https:\/\/www.bis.hk\/PDF\/2026-02-09_marketplace.pdf\">Download Market Data<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Softer labour market data encouraged expectations of a more accommodative Federal Reserve, supporting equities despite continued weakness in parts of the technology sector.<\/li>\n\n\n\n<li>Markets remained sensitive to political and fiscal credibility, with UK assets largely stable despite a mixed economic backdrop and signs of softer domestic demand.&nbsp;<\/li>\n\n\n\n<li>Improving inflation trends and expectations of a less restrictive ECB supported European risk assets despite ongoing geopolitical and trade-related uncertainties. <em>&nbsp;<\/em><\/li>\n\n\n\n<li>China\u2019s external trade developments increasingly overshadowed domestic economic policy. The yen weakness continued to dominate Japan&#8217;s investment outlook Global markets remained resilient despite persistent geopolitical and trade related risks.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global investors became more optimistic following energy-market stabilisation, but geopolitical and climate-related risks remain elevated. The major concern for investors shifted to growth: weaker US employment data, soft consumer conditions in the UK, and uneven global demand raised questions about the strength of the second-half recovery. <\/p>\n<p class=\"customLink\"><a class=\"\" href=\"https:\/\/www.bis.hk\/zh-cn\/less-equity-more-serenity-the-great-db-pension-glow-up\/\">\u66f4\u591a<\/a><\/p>\n","protected":false},"author":2,"featured_media":5118,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49],"tags":[],"class_list":["post-6263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-49"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/posts\/6263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/comments?post=6263"}],"version-history":[{"count":1,"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/posts\/6263\/revisions"}],"predecessor-version":[{"id":6266,"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/posts\/6263\/revisions\/6266"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/media\/5118"}],"wp:attachment":[{"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/media?parent=6263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/categories?post=6263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bis.hk\/zh-cn\/wp-json\/wp\/v2\/tags?post=6263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}