We don’t expect today’s midterm elections in the US to have a major bearing on its stock market, even if the Republicans retain both chambers of Congress or the Democrats do very well.

Although Italy’s problems are likely to continue to weigh on the euro next year, we still think that the currency will strengthen against the dollar in response to a favourable shift in monetary...

Although some of things that triggered a rebound in the US dollar in October are likely to continue to underpin the currency in 2019, we still think that it will weaken then as the Fed stops raising...

Although the valuations of emerging market (EM) equities have tumbled compared to those of their developed market (DM) peers, we are not convinced that they will deliver much higher returns over the...