Preliminary manufacturing PMIs for July, released by Markit today, reveal that the slowdown in Chinese manufacturing is offsetting better news from the euro-zone, where activity may finally be...

Over the past twelve months or so, policy-makers have sounded more pragmatic about the need for further fiscal austerity. However, the reduction in the structural budget deficit in advanced economies...

Monetary conditions in the major advanced economies are likely to remain exceptionally loose even after the Fed ends its asset purchases under QE3. Credit growth in the US is slowing, but remains...

The main talking point at this weekend’s gathering of G20 finance ministers and central bank governors is sure to be the Fed’s plan to taper QE3. But despite the volatility which has hit their markets...