Reduced fears of a meltdown in the euro-zone and the recent run of better economic data – culminating in January’s unequivocally strong US payrolls report – have led to speculation that the long bull...

If corporate expenditure on intangible assets is treated as investment, rather than as an expense, the US stock market appears much less overvalued than traditional barometers of “fair” value suggest...

The relatively subdued response of US Treasuries to the outcome of Wednesday’s FOMC meeting underlines the fact that while monetary policy should provide a firm anchor for long-term yields over the...

Writing in today’s Financial Times, Gavyn Davies argues that “nominal equity returns may be held back by low inflation but in real terms they should outperform government bonds, even if the liquidity...