Capital Daily US IPO wave adds another red flag to the AI boom Asset markets have rebounded on the latest reports of (yet another) imminent US-Iran peace deal, but the bigger test facing the US equity market is arguably the incoming mega-IPOs, the first of which... 12th June 2026 · 5 mins read
Equities Update What risk does the IPO boom pose to the stock market? Blockbuster IPOs from SpaceX, Anthropic, and OpenAI, together with share sales by some AI hyperscalers, look set to unleash a wave of equity supply that will prove a major test for the stock market... 12th June 2026 · 5 mins read
India Economics Weekly Rupee support measures buy time, but aren’t a solution The combined RBI and government package of measures to support the rupee unveiled last Friday appears to have halted the currency’s slide, but it has failed to trigger a meaningful recovery. A... 12th June 2026 · 3 mins read
Japan Economics Weekly BoJ on track to hike despite Ueda’s absence Following his unexpected hospitalisation, Governor Ueda will miss next week's BoJ meeting. However, with inflation pressures continuing to build, there will almost certainly still be a majority in... 12th June 2026 · 5 mins read
Capital Daily The ECB falls for it again, but the euro is unlikely to benefit Faced with spiking energy prices and a slowing economy, policymakers have, in line with past ECB practice, put the emphasis on the inflation threat. If previous similar episodes are any guide, today’s... 11th June 2026 · 5 mins read
Capital Daily Interest rate tail risks and equities US equities are influenced by the distribution of investors’ fed funds rate expectations, not just the average level of them. A perceived reduction in overall tail risks is one factor that has... 10th June 2026 · 4 mins read
Bank of Japan Watch Pace of tightening set to accelerate BoJ Board members have signalled that they will lift the policy rate next week. And with inflationary pressures set to strengthen, the Bank will probably accelerate its tightening cycle thereafter. We... 10th June 2026 · 7 mins read
Capital Daily Could bonds bring equities back down to Earth again? Last Friday’s pullback in US equities, as Treasury yields soared in the wake of a strong employment report, suggests bonds might be the straw that eventually breaks the stock market’s back. 9th June 2026 · 4 mins read
Capital Daily Markets back under pressure, and relief may be uneven Inflation – and central banks’ response to it – may continue to be a thorn in the side of the bond market for a while. But, there’s still limited evidence in markets of runaway inflation expectations... 8th June 2026 · 6 mins read
Capital Daily Booming payrolls point to higher UST yields & stronger dollar Another robust US non-farm payrolls report means our central forecast is now that the FOMC raises the fed funds rate later this year. In turn, that implies a further rise in US Treasury yields and the... 5th June 2026 · 4 mins read
Europe Chart Pack Europe Chart Pack (Jun. 2026) Prospects for the euro-zone economy have deteriorated due to the Iran war and related energy price shock. After declining in Q1 (due to a slump in Ireland) we forecast euro-zone GDP growth to flatline... 5th June 2026 · 1 min read
Japan Economics Weekly Japan edges closer to policy normalisation BoJ Governor Ueda strongly hinted this week that a rate hike is imminent, with policymakers growing concerned about falling behind the inflation curve. With wage growth remaining historically strong... 5th June 2026 · 4 mins read
Middle East & North Africa Economics Weekly Green shoots, new pipelines High-frequency data published this week provide tentative signs that the slump in the Gulf economies has started to ease. But activity is at depressed levels and the Gulf will probably record its the... 4th June 2026 · 6 mins read
Capital Daily BoJ hikes not a threat to the global bond rally It’s increasingly clear the Bank of Japan will resume its hiking cycle this month; on its own we don’t think that’s a big threat to global bond markets even if the central bank ultimately moves more... 4th June 2026 · 4 mins read
Middle East & North Africa Economics Update Egypt: weathering the storm Past shocks – domestic and external – have tended to lead to large falls in Egypt’s currency and a sharp slowdown in growth. But the economy looks better placed to weather the current spillovers from... 3rd June 2026 · 3 mins read
Capital Daily Good times still on the way for China’s equities We still think China’s equities will benefit from the AI boom and fare well over the rest of the year, but their poor profitability is a growing challenge. 3rd June 2026 · 4 mins read
