The European Central Bank (ECB) looks set to announce a quantitative easing (QE) programme at its next policy meeting. However, we doubt that it would provide a large boost to euro-zone equities. The...

We still expect the 10-year US Treasury yield to rise this year from its current level of around 1.9% as the Fed begins to tighten policy, but have decided to lower our end-2015 forecast significantly...

As investors’ confidence in the euro-zone has waned, overall inflows of portfolio capital from abroad have slowed. We suspect this trend may continue, undermining the euro further in the process.

Investors’ retreat from emerging markets over the past month has reflected growing concerns about the implications of the collapse in the price of oil. Admittedly, most countries (and the world as a...