Despite the 35% surge in oil prices this year, some of the EM currencies traditionally regarded as “petro-currencies” have hardly risen. That is not all that surprising – the influence of oil prices...

As earnings season kicks off today in the US, we think that investors remain too optimistic about the global outlook for earnings per share (EPS) growth, given the prospects for the world economy...

We think that euro-zone stock markets will generally fall in the rest of 2019 as global growth remains weak and appetite for risk wanes. Equities in Germany and Italy will fare particularly poorly, in...

Although the Fed’s dovish shift is likely to continue, we are sticking with our pessimistic view of the outlook for EM sovereign dollar bonds. That is because we expect credit spreads to rise sharply...