The US stock market has tended to fare quite well during previous Fed tightening cycles. Although we think its performance in the next cycle will be below average, we still expect it to creep higher.

Business surveys point to a reasonably strong expansion of global manufacturing activity in June and are consistent with a rebound in world GDP growth in Q2. However, while manufacturing output...

In its Annual Report, published at the weekend, the Bank for International Settlements (BIS) argued that “the risk of persistent and self-perpetuating disinflationary pressure is low” and that the...

Preliminary business surveys for June suggest that global manufacturing activity is expanding at a moderate pace, thanks to a rebound in growth in the US and stabilisation in both China and Japan...