Although there is no one definitive measure, most evidence suggests that as much as half of last year’s hit to global markets from worries about a US-China trade war has now unwound. Given the type of...

The S&P 500 has rebounded by more than 11% so far this year in response to a shift in Fed policy and a thawing of the US/China trade war. Nonetheless, a further rally is unlikely given the darkening...

We think that safe-haven flows will keep government bond yields across the euro-zone’s “core” low this year. And, we wouldn’t be surprised if yields in Germany even turned negative as they did in 2016...

EM equities’ flying start to the year has continued this week, but we are sticking to our view that they will fall over 2019 as a whole, as the darkening outlook for the global economy takes its toll...