The EU has shunned the Government’s backstop proposal for the whole of the UK to remain in the EU’s customs territory at the end of the transition period. It seems to us that this forces the...

Although there are early signs that the finances of US households are coming under a bit of pressure as interest rates rise, the near-term outlook for household consumption in advanced economies...

Markit’s global manufacturing PMI, which has fallen significantly since the start of the year, slipped again in May. That said, it is still consistent with world GDP growth rebounding in the second...

The direct exposure to Italy of banks located outside the euro-zone is small compared to that of their peers based in other euro-zone countries. This offers some reassurance that any fallout from...