In our view, EM assets are likely to weather the gradual tightening of monetary policy in advanced economies this year and next. But the effects of this tightening may start to bite further ahead.

Although policymakers are unlikely to give very much away, Friday’s Jackson Hole speeches will still be scrutinised for any hints about the timing of ECB “tapering” and Fed balance sheet...

We think that the prospects for German large-cap equities during the remainder of 2017 are quite bright, despite their pull-back over the past two months. Admittedly, we are revising down our end-year...

Although China’s holdings of US Treasuries increased by more in June than in any other month in the past six years, we doubt that renewed Chinese buying of Treasuries will keep their yields low in the...