Rather than being a sign that global growth is faltering, the recent decline in international oil prices mainly reflects improving supply conditions. As such, it should provide a modest boost to...

The yield of 10-year Gilts has fallen clearly below that of 10-year Treasuries for the first time since the spring. Whilst it would be premature to talk of a significant decoupling, we suspect that UK...

Most emerging market (EM) countries have become more competitive over the past year. This bodes well for equity returns in these countries in the long run. However, other factors are as likely to have...

The renewed slide in the yen (to 106) against the dollar has helped to revive investors’ interest in the Nikkei, which closed today at its highest level since January. We remain comfortable with our...