Post by Aviva Investors

📈 📊 This week’s Charted Territory is by Andrea Perales Padrón from our ESG Fixed Income Team, looking at the global weather event El Niño, with a different lens. El Niño is more than just weather, it is a macroeconomic shock with asymmetric risks. While markets tend to focus on the commodity channel, the transmission into power systems can be more direct. With a 63 per cent chance of a very strong El Niño during November-January this year, it is expected to rank among the largest El Niño events going back to 1950.* How might we expect this to play out in markets? *NOAA, National Oceanic and Atmospheric Administration Swipe through to learn more 👇 #Energy #Credit #FixedIncome #Utilities Capital at risk.