The low levels of volatility in financial markets reflect a high degree of confidence in the ability of the authorities to prevent crises and respond to shocks, expectations that any policy changes...

If policy-makers hope that macro-prudential measures alone will prevent asset price bubbles from occurring, they may well be disappointed. In principle, these regulations should be able to dampen...

Final manufacturing PMIs for May support the view that global growth is likely to pick up in Q2 after a weak start to the year, due to a rebound in the US and stabilisation in China.

Canada continues to lead the recovery among the G7 economies after a relatively shallow recession. However, the US is only just behind, despite stumbling in Q1, and looks in better shape. Softness...