Asia Economics Update What next for the Taiwan dollar? The Taiwan dollar has appreciated sharply against the US dollar in recent months but, for a host of reasons, the central bank seems now to be less tolerant of further currency strength. Even without... 2nd July 2025 · 6 mins read
Capital Daily We don’t expect the Treasury rally to last the year We expect Treasuries to struggle over the rest of the year, despite their recent strong run. 2nd July 2025 · 4 mins read
Capital Daily We’re not convinced the dollar will keep falling The weakness in the dollar in June was easier to explain than its slide in April and May since – unlike in those months – it was accompanied by a shift in bond yields that might have been expected to... 1st July 2025 · 5 mins read
Capital Daily Record S&P 500 doesn’t mean record optimism With the S&P 500 at a new all-time high, its fall of more than 20% earlier this year already seems like a distant memory. However, we don’t think it’s really back to square one for US equities. 30th June 2025 · 4 mins read
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor (Jun. 2025) Capital inflows into EMs held up well in June despite the escalation of conflict in the Middle East. Were higher US tariffs to come into force after President Trump’s 90-day reciprocal tariff reprieve... 30th June 2025 · 1 min read
Climate Economics Monthly Climate Monthly: Investment falls short; battery storage ramps up While the amount of investment dedicated to clean energy is rising, findings from the IEA suggest that the current trend in energy investment remains inconsistent with achieving net-zero emissions by... 30th June 2025 · 5 mins read
FX Markets Weekly Wrap FX Weekly: A decisive moment for the dollar? The US dollar has generally lost further ground this week and the DXY index currently sits at around its lowest level since February 2022. This index has now fallen by more at this stage in the year... 27th June 2025 · 5 mins read
China Chart Pack China Chart Pack (June 25) China’s economy slowed in May, with US tariff starting to take a toll on exports. And while consumer spending has picked up recently, that’s largely been driven by temporary subsidies from the... 27th June 2025 · 0 mins read
Europe Economics Weekly Europe Weekly: Stronger euro, 50% tariff looming The sustained appreciation of the euro will reduce headline euro-zone inflation slightly in the coming months and, at the margin, strengthens the case for a final interest rate cut in this cycle... 27th June 2025 · 7 mins read
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
