Capital Economics

The leading macroeconomic research consultancy

Capital Markets Analyst

Quarterly analysis of the major international asset markets, including equities, bonds, currencies and commodities, with broad assessments of the outlook based on our view of the economic fundamentals.

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Articles
Search for safe havens set to resumeMarket implications of an EMU break-upToo little, too lateCaveat creditorThe end of QE2 – expect the unexpectedChoppier waters aheadWill QE2 keep the markets afloat?Don't write off the dollar (Q3 2010)Recovery still on shaky ground (Q2 2010)A tough year ahead (Q1 2010)
Where did it all go right? (Q4 2009)The end of the beginning (Q3 2009)Markets could soon lose their appetite for risk againToo early to call the turn in the equity marketBond yields to fall further despite equity bounceOil prices pivotal to wider outlookEquity markets are making a leap of faithPendulum may now have swung too farNext big move in US yields likely to be upFurther yen strength could lead to a wider sell-off
US equities at risk as profits disappointMarkets under-estimate likely Fed rate cutsUS assets priced for an over-optimistic scenarioUS bond yields are approaching their peakRisk premia to rise as US growth slowsRising growth supports Euro-zone equitiesDollar to resume its downward trendSlower growth to undermine US equities and dollarUS equities to continue to underperformDollar to weaken further despite higher US yields
Waiting for the slowdownDollar’s rally has run its courseThe economics support bonds against equitiesRates on hold for longer than markets expectExpectations run ahead of the economic factsDon’t be suckered into believing the worst is overBeware the false dawn after the smoke of battle clearsBonds will benefit from a weaker global recoveryFundamentals favour equities over bondsMarkets see through optimistic growth forecasts