ISM confirms manufacturing sector in cyclical upswing The rise in the ISM Manufacturing Index to a four-year high in May suggests that the sector continues to hold up well, probably because the boost...

The latest communications from Fed officials have become increasingly hawkish. But the softer-than-expected outturn for the April core PCE deflator and the mounting downside risks to real consumption...

The South African Reserve Bank talked up inflation risks at its meeting this week, at which it hiked rates by 25bp, but the tightening cycle is likely to be modest. Elsewhere, Angola has tapped...

Our China Activity Proxy suggests that China’s economy slowed a touch in April. That was entirely driven by weaker domestic demand – China’s exports continued to rise on the back of strong global...