Climate Economics Update Governments can accelerate green jobs shift While the number of “green” jobs in the UK rose strongly in 2022, it’s worth noting that green workers were still outnumbered by estate agents! Market forces are facilitating the transition to a... 2nd April 2024 · 3 mins read
Global Economics Shipping Disruption Dashboard: New Charts on Baltimore Click here to visit our Shipping Disruption Dashboard, which we have updated and extended to include analysis of the Baltimore port closure. 28th March 2024 · 1 min read
Commodities Weekly Baltimore tragedy not a major issue for energy flows The collapse of the Francis Scott Key bridge in Baltimore this week is unlikely to have a large impact on global energy flows. For oil, flows of crude and refined products to or from Baltimore are... 28th March 2024 · 5 mins read
Capital Daily Q2 could be a good one for equities and bonds Equities have enjoyed another strong quarter and, while a lot of good news is priced in, we think they can extend their winning streak. Sovereign bonds have, by contrast, struggled over Q1; but we... 28th March 2024 · 5 mins read
FX Markets Weekly Wrap Currencies calm ahead of next round of key US data The US dollar has eked out small gains against some major currencies so far this week, leaving the DXY index just below 105 at the time of writing. During an otherwise quiet week, the February PCE... 28th March 2024 · 5 mins read
Climate Economics Monthly Five highlights from March This Monthly looks at five highlights from the Climate Economics service in March, including the launches of our New Three Export Indices and our second annual Climate Economics Outlook. 28th March 2024 · 5 mins read
Global Economic Outlook On course for a soft landing In the quarters ahead, economic activity in most of the world will be characterised by soft landings. We expect GDP growth to be below trend, but meaningful recessions should be avoided and the US... 28th March 2024 · 45 mins read
Climate Economics Outlook Updating our emissions forecasting framework This second edition of our annual Climate Economics Outlook updates our long-term emissions forecasting framework to incorporate our latest macroeconomic and energy views. Note: You can create your... 26th March 2024 · 14 mins read
Global Economics Update Your latest monetary policy questions answered We held an online Drop-In session last week to discuss the outlook for monetary policy following the US Fed and Bank of England policy meetings and comments by the ECB’s Christine Lagarde. (See a... 25th March 2024 · 6 mins read
Industrial Metals Update Global Steel Production (Feb. 2024) The robust increase in global steel production since the beginning of the year probably has a bit further to run since there are few signs that the two largest producers – China and India – will slow... 22nd March 2024 · 2 mins read
Asset Allocation Update Some global market implications of BoJ tightening Japan’s exit from negative interest rates could place some upward pressure on bond term premia elsewhere, but we don’t think it will prove too disruptive to markets even if the BoJ ultimately hikes a... 22nd March 2024 · 5 mins read
Global Economics Update PMIs: Euro-zone lagging behind at the end of Q1 The flash PMIs for March suggest that the euro-zone economy is still flatlining, while the UK and Japan seem to be pulling out of recession heading into Q2. The survey indicators of price pressures... 21st March 2024 · 3 mins read
FX Markets Update A further rise in the US dollar looks unlikely to us The tailwinds that have underpinned the rebound in the dollar this year seem, to us, to have run their course. While we wouldn’t be surprised if the dollar stayed firm over the coming months, we still... 21st March 2024 · 4 mins read
DM Valuations Monitor Global Markets Valuations Monitor (March 2024) The valuations of “risky” assets have kept rising so far this year, even as “safe” asset yields have rebounded. While risky asset valuations are quite high by past standards, we doubt this will... 21st March 2024 · 1 min read
Industrial Metals Update Global Aluminium Production (Feb.) The drop in global aluminium production in February should be a blip now that output curbs in China’s Yunnan province due to power constraints have been lifted. 20th March 2024 · 2 mins read
Event Drop-In: Global Markets Outlook – What to expect from equities, bonds and FX markets 1713362400 Our markets team recently held an online briefing all about how we expect global equities, bonds, and currencies to perform through the end of this year and into 2025.