The latest PMIs suggest that global industrial activity lost some momentum at the start of Q3 and will probably weaken further from here.

Central banks in Ghana, Mozambique and South Africa continued their monetary easing cycles this week, and the dovish tone of South Africa's meeting supports our below-consensus rate forecast...

Having found itself in Trump’s firing line a few weeks ago, this week’s tariffs announcements were better for much of Latin America than had been feared and it now looks like the hit to GDP will be...

The US-EU trade deal announced last Sunday and confirmed by the recent US Executive Order was in line with expectations for a 15% tariff on most goods exports to the US. We think it will cost the euro...