Capital Daily US politics may take a back seat before long As results from key battleground states continue to trickle in, markets appear to have settled on the prospect of a Biden presidency – albeit one that will struggle to command the support of Congress... 6th November 2020 · 7 mins read
Nordic & Swiss Economics Update We doubt the SEK will remain a G10 top performer We think that the Swedish krona will appreciate a little further against the euro and the dollar in 2021, but doubt that it will remain one of the best-performing G10 currencies, as it has been this... 2nd November 2020 · 3 mins read
Global Markets Update We doubt the SEK will remain a G10 top performer We think that the Swedish krona will appreciate a little further against the euro and the dollar in 2021, but doubt that it will remain one of the best-performing G10 currencies, as it has been this... 2nd November 2020 · 3 mins read
Nordic & Swiss Economic Outlook Not immune, but comparatively resilient Having outperformed in H1, the Nordic economies are set for some of the smallest falls in output in Europe this year. Of course, the virus is the key uncertainty for the outlook, but it is encouraging... 20th October 2020 · 13 mins read
EM Valuations Monitor EM sovereign $ bonds are not undervalued in our view While sovereign dollar bond spreads in many emerging markets (EMs) are quite high by past standards, we think this is largely justified by the deterioration in fiscal positions caused by the... 16th October 2020 · 8 mins read
Capital Daily How post-election fiscal stimulus might affect US equities Investors’ recent fixation on the US election and the effect it might have on the shape of future fiscal stimulus suggests that markets would react positively to a Democratic clean sweep. But whilst... 9th October 2020 · 7 mins read
Bonds & Equities Risk of US Treasury backlash unlikely to deter SNB Although the SNB meets the US Treasury’s criteria for a “currency manipulator”, we doubt this would deter it from intervening further in the foreign exchange market if required to keep the franc... 7th October 2020 · 3 mins read
Nordic & Swiss Economics Update Risk of US Treasury backlash unlikely to deter SNB Although the SNB meets the US Treasury’s criteria for a “currency manipulator”, we doubt this would deter it from intervening further in the foreign exchange market if required to keep the franc... 7th October 2020 · 3 mins read
Nordic & Swiss Economics Update Brighter outlook for the Norwegian krone next year Although the Norwegian krone has been the worst performing G10 currency so far in 2020, we expect it to make up some lost ground in 2021 even if it falls a bit more in the near term. 29th September 2020 · 3 mins read
Global Markets Update Brighter outlook for the Norwegian krone next year Although the Norwegian krone has been the worst performing G10 currency so far in 2020, we expect it to make up some lost ground in 2021 even if it falls a bit more in the near term. 29th September 2020 · 3 mins read
EM Markets Chart Pack We expect the renminbi and other Asian currencies to rise Despite the sell-off in most emerging market currencies over the past week, we continue to think that most will strengthen against the US dollar as the global economy recovers. In particular, we have... 24th September 2020 · 7 mins read
DM Markets Chart Pack Rising Covid-19 cases pose a risk to our forecasts While we continue to forecast that developed market (DM) “risky” assets will make further ground over the next couple of years, the rapid increase in new coronavirus cases in Europe poses a downside... 16th September 2020 · 7 mins read
Capital Daily Trade truce unlikely to prevent global equities from falling • China’s Caixin manufacturing PMI probably edged lower in June (Monday) • The RBA is likely to cut its policy rate to 1.00% (Tuesday) • We estimate that US non-farm payroll employment rose by 125,000... 28th June 2019 · 6 mins read
Capital Daily Outperformance of defensive stocks not a cause for comfort • We estimate that Japan’s industrial production increased by 1.8% m/m in May (00.50 BST) • Switzerland’s KOF Economic Barometer index probably rose in June (08.00 BST) • US personal spending data are... 27th June 2019 · 5 mins read
Capital Daily Sterling likely to continue to struggle this year Japan’s retail sales values probably rebounded in May (00.50 BST) We think that economic sentiment in the euro-zone remained subdued (10.00 BST) Mexico’s central bank is likely to stand pat for now... 26th June 2019 · 5 mins read
