Capital Daily No Greenland news is good news for markets US-Europe tensions over Greenland, and renewed US policy uncertainty more broadly, has led to speculation of a return of the “sell America” narrative that dominated financial markets in the first half... 21st January 2026 · 5 mins read
Event Japan Drop-In: Takaichi’s election gamble – Fiscal risks, market consequences 9th February 2026, 8:00AM GMT Our Japan economists were online the day after the election to analyse the results, explore what they mean for Japan’s fiscal and monetary balance, and discuss the implications for Ja
Japan Economics Update How would Japan respond to a further surge in yields? Should JGB yields continue to surge, PM Takaichi may be forced to offset some of the expansionary fiscal measures announced recently with tightening elsewhere. However, those moves may not be seen as... 21st January 2026 · 4 mins read
Capital Daily Could markets prompt Trump to change his plans for Greenland? The latest triple sell-off in US equities, Treasuries, and the dollar would probably have to become much larger before the ‘guardrails’ of the financial markets prompted Donald Trump to change his... 20th January 2026 · 4 mins read
Emerging Markets Economics Focus Parsing EM political risk premiums Political risk has emerged as a key theme of 2026. Our analysis of EM political shocks over the last 15 years suggests that the key determinants of the size and persistence of political risk premiums... 20th January 2026 · 15 mins read
India Economics Focus What to expect from India’s Union Budget Finance Minister Nirmala Sitharaman will be keen to demonstrate continued fiscal restraint when she delivers her ninth Union Budget on Sunday 1st February. But the current political backdrop is not... 20th January 2026 · 9 mins read
Capital Daily First thoughts on Greenland, tariffs & financial markets While the rhetoric around the Trump administration’s interest in Greenland is escalating rapidly, financial markets have taken the return of US-Europe trade tensions over recent days largely in their... 19th January 2026 · 6 mins read
Capital Daily Some more thoughts on the yen’s puzzling weakness Although the yen has recovered a bit of ground against the dollar in the past few days, its prior weakness remains something of a puzzle. 16th January 2026 · 6 mins read
Africa Economics Weekly Angola’s aggressive rate cut, SA’s political instability Angola’s central bank cut interest rates by more than expected this week to prop up struggling growth, but growing imbalances make the kwanza vulnerable to falls which could bring this monetary easing... 16th January 2026 · 6 mins read
Japan Economics Weekly Hawkish BoJ may lift JGB yields even further We aren’t convinced that the continued rise in long-term bond yields coupled with the further weakening of the yen signals a loss of confidence in Japanese assets. But if the BoJ signals a more... 16th January 2026 · 5 mins read
Bonds Update Fiscal sleight-of-hand may help push Gilt yields lower The government’s ongoing efforts to shorten its debt issuance mix is likely helping to address the demand/supply imbalance in the Gilt market and easing upward pressure on longer-dated Gilt yields... 15th January 2026 · 4 mins read
India Economics Update Indian equities: another year of underperformance ahead India’s equity market ended 2025 with its worst underperformance relative to its emerging market peers in three decades. Although we expect India’s economy to remain a global outperformer in 2026, we... 15th January 2026 · 4 mins read
Capital Daily What could wake up the US Treasury market? There are at least three things that we think could see the US Treasury market spring back to life, although our base case is that its current calm period will continue. 15th January 2026 · 4 mins read
Capital Daily Making sense of Japan’s financial markets We doubt the recent contrasts in Japan’s financial markets (government bonds and FX down, stocks up) will persist. Our view is that the yen will regain ground against the US dollar before long and... 14th January 2026 · 3 mins read
Australia & New Zealand Chart Pack ANZ Chart Pack (Jan. 2026) Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. We believe the RBA will join the rather exclusive club of advanced economy central banks that tightens... 14th January 2026 · 1 min read
Capital Daily What to make of investors’ reaction to December’s CPI report Indirect attacks on the Fed’s independence aren’t likely to roil the financial markets in the US, so long as inflation there remains under control. That is one take away from recent events and data. 13th January 2026 · 4 mins read
