Government and corporate bond yields in most advanced economies increased sharply in the past few weeks in response to statements by the Fed which suggested that it will scale back its asset purchases...

The so-called “flash” PMIs for the US, euro-zone and China – economies which together account for nearly half of world GDP – give us an early indication of how the global economy is performing in June...

Purchasing managers’ surveys for May suggest that conditions improved in Japan and the UK and that the deterioration in the euro-zone is not as steep as it was a few months ago. But these improvements...

The 25% year-on-year rise in equity prices in advanced economies, combined with rising property prices in some countries, should provide a boost to household consumption. However, we suspect the...