Capital Daily Full steam ahead for the US stock market? It’s increasingly looking as though the S&P 500 will continue to power ahead. 29th July 2025 · 3 mins read
Emerging Markets Economics Focus Will Turkey & Argentina’s exchange rate policies backfire? The use of the exchange rate as a nominal anchor for prices – as is currently the case in Turkey and Argentina – has a broadly successful track record in bringing down inflation in the emerging world... 28th July 2025 · 13 mins read
Global Markets Update Why another slump in superlong JGBs is not inevitable The recent rout in superlong JGBs mainly reflected waning demand from within Japan. Although that trend may not reverse because it is partly structural, we doubt the slump will continue for four... 28th July 2025 · 5 mins read
FX Markets Weekly Wrap FX Weekly: FOMC & payrolls likely to boost the dollar The US dollar is set to end the week lower against most other G10 currencies, with progress on US trade deals with Japan and Europe, a relatively hawkish ECB meeting, and continued headlines around... 25th July 2025 · 5 mins read
Capital Daily Sterling likely to weaken vs euro as UK-EZ rates converge The combination of some relatively hawkish signals from the ECB yesterday and some more soggy data out of the UK has sent the euro to its strongest level against sterling since late 2023. We think... 25th July 2025 · 6 mins read
Capital Daily ECB in “a good place”, how about euro-zone markets? The ECB has left rates unchanged and, with inflation at target, we now suspect its monetary easing cycle is over. So bond yields are unlikely in our view to fall much, particularly at the short end... 24th July 2025 · 5 mins read
Global Commercial Property Update Global CRE to outperform other assets Although a forecast global real estate return of sub-6% p.a. over the next decade appears disappointing, compared to other assets it stacks up well. We expect sub-4% total returns for both global... 24th July 2025 · 4 mins read
Latin America Economics Update Colombian peso set to be a regional underperformer We think Colombia’s fragile fiscal position – which could get even worse ahead of next year’s election – and a likely deterioration in the current account deficit will cause the peso to fall by more... 24th July 2025 · 4 mins read
India Chart Pack India Chart Pack (July 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... 24th July 2025 · 1 min read
Middle East & North Africa Economics Weekly MENA Weekly: Saudi government debt, Egyptian pound Reports this week highlighted the recent sharp rise in Saudi government debt and, while officials are taking steps to tighten fiscal policy, we doubt that they will do enough to prevent it climbing... 24th July 2025 · 7 mins read
Australia & New Zealand Chart Pack ANZ Chart Pack (July 2025) Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. Australia’s economy is struggling to gain momentum, while the recent rebound in activity in New... 24th July 2025 · 1 min read
Japan Economics Update Your questions on Japan answered We held an online Drop-In session yesterday to discuss the latest developments in Japan’s economy and financial markets. This Update answers several of the questions that we received. 24th July 2025 · 7 mins read
Japan Chart Pack Japan Chart Pack (July 2025) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. Japan’s economy has largely shrugged off global trade tensions and the trade deal reached between... 23rd July 2025 · 1 min read
Capital Daily First thoughts on the market implications of Japan’s “deal” We think Japan’s equities will do well over the rest of this year, even accounting for their big rally today, and that the yen will recover in time. But, the trade announcement looks like worse news... 23rd July 2025 · 4 mins read
Capital Daily Euro-zone spreads: beyond “core” and “periphery” Government bond yields in the euro-zone are converging, and we expect the “peripheral” frontier to keep blurring. 22nd July 2025 · 4 mins read
Asset Allocation Update Your questions on equities, bonds and FX answered We held an online Drop-In session last week to discuss the outlook for equity, bond and currency markets. This Update answers several of the questions that we received. 22nd July 2025 · 9 mins read
