The lack of clarity in China’s data and clumsy communication of policy changes have allowed many scare stories to proliferate. Nonetheless, there is little justification for fears that the renminbi is...

Eleven years ago, Alan Greenspan described the behaviour of bond markets as a “conundrum” in testimony to the Senate. This was because long-term yields had trended lower, even as the US FOMC had...

We are nudging down our end-2016 forecasts for the euro-zone and UK stock indices in light of the recent market turmoil. Nevertheless, we still expect them to rebound.

The medium-term outlook for Argentina’s economy has undoubtedly improved since the election of President Macri, but we see little room for the rally in the bond market to continue. Indeed, with a lot...