Japan Economics Weekly Japan Weekly: LDP set to defend majority in Upper House Even though the LDP suffered a crushing defeat in Tokyo’s metropolitan election over the weekend, it looks increasingly likely that the government will be able to defend its majority in next month’s... 27th June 2025 · 6 mins read
Japan Economics Update Improvement in fiscal health has further to run The flow of funds data suggest that Japan’s budget deficit has continued to narrow after reaching a 30-year low in 2023. And while the recent plunge in the ratio of government debt to GDP partly... 27th June 2025 · 3 mins read
Asset Allocation Outlook Asset Allocation Outlook: The calm after the storm With the noise around US tariffs and war in the Middle East fading, at least for now, we think the stage is set for some further decent returns from “risky” assets – especially US equities – over the... 26th June 2025 · 27 mins read
Emerging Markets Economic Outlook Emerging Markets Outlook: Growth concerns to prompt more rate cuts EM exports have held up well this year despite higher US tariffs, but the growth outlook over the second half of the year looks more challenging. We expect a slowdown in most EMs and our forecasts... 26th June 2025 · 28 mins read
Capital Daily SLR change not a panacea for troubled Treasuries The Fed’s proposed loosening of supplementary leverage ratio (SLR) rules for big banks might help to improve demand for Treasuries, but we’re not yet persuaded it will outweigh the other headwinds... 26th June 2025 · 4 mins read
India Chart Pack India Chart Pack (June 2025) Our India Chart Pack has been updated with the latest data and our analysis of recent developments. India’s economy has had a strong first half of the year and is poised to grow by 7% in both 2025 and... 26th June 2025 · 1 min read
Africa Chart Pack Africa Chart Pack (Jun. 2025) The threat posed by US trade protectionism to the region, for now, appears muted. An improvement in the terms of trade for most countries should mean less downward pressure on currencies and... 25th June 2025 · 0 mins read
Capital Daily Mideast truce reduces one risk; FOMC schism next? The overnight announcement of a ceasefire between Israel/US and Iran has brought commodity and financial markets largely back to their pre-conflict square one. While tensions remain high and could... 24th June 2025 · 5 mins read
Africa Economic Outlook Africa Economic Outlook: Growth to strengthen even as fiscal concerns linger The threat posed by US trade protectionism to the region, for now, appears muted. An improvement in the terms of trade for most countries should mean less downward pressure on currencies and... 23rd June 2025 · 19 mins read
Capital Daily Can global markets continue to shrug off the war? US involvement in the Israel/Iran conflict has so far prompted just some volatility in global financial markets, with most major asset classes ultimately not far away from where they were on Friday... 23rd June 2025 · 4 mins read
FX Markets Weekly Wrap Fed more likely to boost the dollar than Mideast conflict The dollar has made some further gains this week, on net, but remains not far off its weakest level in three years. It has mainly benefitted on the back of a somewhat hawkish FOMC announcement, which... 20th June 2025 · 5 mins read
Capital Daily Stock market winners and losers from the Israel-Iran conflict In general, stock markets tend to be less affected by energy markets today than in the past. But the Israel-Iran conflict has already produced some interesting patterns in stock markets around the... 20th June 2025 · 4 mins read
Equities Update Korean equities may not outperform Taiwan much longer Taiwan’s stock market has been a key beneficiary of the AI boom and was one of the top performers in the world in 2024. This year though, equities in fellow Asian tech heavyweight Korea have taken... 20th June 2025 · 4 mins read
Capital Daily Fed caution may threaten Treasuries yet We continue to think Treasury yields will rise, as the Fed stays on hold longer than investors expect. We are re-sending this email notification due to earlier technical issues, and apologise to any... 19th June 2025 · 4 mins read
Capital Daily Making sense of Israel-Iran escalation and markets Fears that the US may get involved in the ongoing Israel-Iran conflict have led to another pick-up in oil prices and renewed jitters across financial markets. The impact so far remains limited, but as... 18th June 2025 · 5 mins read
Global Economics Update Mapping out Israel-Iran conflict scenarios This Update outlines potential outcomes of the Iran-Israel conflict and teases out the implications for the region, the global economy and commodity and financial markets. One point that emerges is... 18th June 2025 · 7 mins read
