Asset Allocation Chart Pack Asset Allocation Chart Pack (Apr. 2024) Most assets struggled this month amid concerns that resilient core inflation, particularly in the US, may delay central bank easing cycles. But we continue to think that central banks will cut... 30th April 2024 · 1 min read
Event Drop-In: Global Inflation Watch – Bumpy ride back to target 1715176800 Is progress stalling on efforts to get inflation under control? Why are price pressures proving more stubborn than expected?
US Commercial Property Update Share of remote work key to global office performance The wide divergence in global office market performance to-date has been driven by significant differences in the return to office and the impact that has had on occupiers’ leasing decisions. US... 29th April 2024 · 5 mins read
Global Economics Focus Why is productivity so weak outside the US? Productivity growth in most advanced economies has been much weaker than that in the US since the pandemic. This partly reflects the relative weakness of demand, coupled with a degree of labour... 29th April 2024 · 17 mins read
Commodities Weekly Metals prices: a genuine breakout or overoptimism? In a mixed week for commodity prices, copper topped $10,000 per tonne for the first time since April 2022. This is the latest in what has been a rip-roaring start to the year for non-ferrous... 26th April 2024 · 4 mins read
Global Inflation Watch Bumpy ride back to target Progress in getting back to central bank targets has slowed in several major economies. In advanced economies, a rebound in energy inflation has offset most of the drag on headline rates from lower... 26th April 2024 · 17 mins read
FX Markets Update It would take a lot more dollar strength to “break the economy” The US dollar would have to appreciate a lot further before having significant effects on the global economy and financial system. A key risk to watch for is the widening policy divergence between the... 25th April 2024 · 6 mins read
Long Run Asset Allocation Outlook Life after the bubble The latest edition of our Long-Run Asset Allocation Outlook sets out what we think lies in store for equities, bonds, REITs, and commodities over the next 10 years and beyond. This includes relatively... 24th April 2024 · 21 mins read
Global Economics Update PMIs point to rebound in activity in most DMs in Q2 The latest flash PMIs suggest that GDP growth picked up in most advanced economies at the start of Q2. But stronger services activity risks keeping price pressures elevated in some DMs. 23rd April 2024 · 2 mins read
Capital Daily Stock markets fall back: consolidation or worse? Stock markets are having a tough start to the quarter, but we think that they will rebound, notably in the US, thanks to renewed enthusiasm about artificial intelligence. 22nd April 2024 · 5 mins read
FX Markets Weekly Wrap Dollar in consolidation mode, despite Middle East escalation Financial markets have largely taken the latest escalation in the Middle East over the past week in stride. Having spiked from $87pb to $90pb on the news of today’s attack, Brent crude oil has now... 19th April 2024 · 6 mins read
Green Transition Chart Pack Green Transition Chart Pack (Apr. 2024) Recent increases in natural gas prices in Europe have predictably been mirrored in the EU carbon price, which has risen from a 31-month low of €52 per tonne in February to €71 at the time of writing... 18th April 2024 · 1 min read
Global Economics Update US vs. European inflation differences overstated On the face of it, core disinflation seems to have stalled or even reversed in the US but not in Europe, suggesting that Fed cuts will come much later than those by the ECB and BoE. However, there are... 18th April 2024 · 5 mins read
Global Markets Update What different timings for rate cuts mean for DM bond yields We forecast that bond yields will fall back in most developed markets (DMs) over the next year or so, as central banks generally embark on bigger easing cycles than investors currently expect. But... 18th April 2024 · 5 mins read