We think corporate credit spreads in the euro-zone will widen only slightly next year, despite dim economic prospects.

We think US equities will fare better in 2025 than the other major asset classes we monitor, as the AI bubble inflates further. But we expect equities elsewhere generally to lag those in the US and...

The latest batch of PMIs suggests that the US economy is growing strongly while Europe is stagnating or contracting. The US economy is no doubt growing more strongly than its advanced economy peers...

Despite being around multi-decade lows, we think credit spreads of US investment-grade corporate bonds could fall further still over the next year or so.