Benchmark equity indices in Italy and Spain have outperformed those elsewhere in Europe in the past days. But while the reasons for this may continue, they remain vulnerable to political risks.

The recent widespread weakness of emerging market (EM) currencies has been accompanied by a rise in local currency bond yields in almost all EMs. But even if currencies generally continue to slide, as...

The movements in dollar/euro over the past few days are a reminder that Fed and ECB policy are still important drivers of the exchange rate. Our view remains that their policies will provide ongoing...

Surging corporate profits in Japan since the beginning of last year have not generated much excitement among investors. This is probably because most of it has come from sectors that rely heavily on...