Since Tuesday’s election, financial markets have been buoyed by hopes that Donald Trump will unleash a huge fiscal stimulus. We think a significantly higher US budget deficit is now likely, which may...

Donald Trump’s victory in the US presidential election has, so far, had less impact on financial markets than most anticipated. We suspect that it has also made little difference to the immediate...

The jump in US average earnings growth, reported earlier today, is the latest indication that inflation there is on the rise. But aside from stronger oil prices, there is little sign of a broader pick...

The latest business surveys suggest that global manufacturing growth picked up last month. Markit’s global manufacturing PMI, released earlier today, climbed from 51.0 to 52.0 in October, its highest...