FX Markets Weekly Wrap Soft payrolls can’t keep the dollar down for long A run of soft US labour market data has left the dollar on track to end the week slightly lower against most major currencies, threatening to break the DXY index’s six-week winning streak despite a... 1st September 2023 · 7 mins read
Capital Daily Higher for (only a bit) longer? Despite today’s rebound, the general fall in Treasury yields over the past week against a backdrop of mixed economic data suggests investors could be starting to come round to our view that price... 1st September 2023 · 4 mins read
FX Markets Update AUD & NZD likely to remain under pressure The cyclically-sensitive antipodean currencies have had a tough year so far, and a fair bit of bad news already appears priced in to both the aussie and the kiwi. Nonetheless, we don’t think their... 1st September 2023 · 4 mins read
FX Markets Chart Pack FX Markets Chart Pack (Aug. 2023) Our FX Markets Chart Pack has been updated with the latest data and our analysis of recent developments. The dollar has rebounded in August but remains broadly unchanged on the year so far. We... 31st August 2023 · 1 min read
Capital Daily Are Chinese AI stocks about to take off? We think China’s AI-related stocks may outperform their US counterparts over the rest of this year. But their longer-term prospects look less upbeat, to us. 31st August 2023 · 5 mins read
Asset Allocation Chart Pack Asset Allocation Chart Pack (Aug. 2023) Our Asset Allocation Chart Pack has been updated with the latest data and our analysis of recent developments. Although we’re growing less convinced by the idea that the US economy will tip into... 31st August 2023 · 1 min read
DM Markets Chart Pack Global Markets Chart Pack (Aug. 2023) Our Global Markets Chart Pack has been updated with the latest data and our analysis of recent developments. Growth in most advanced economies will disappoint later this year, putting pressure on... 31st August 2023 · 1 min read
Global Markets Update Is there much scope for the S&P 500 to build on its gains? We think there is ample scope for the US stock market to perform strongly in 2024 and 2025. Admittedly, this year’s rally in the S&P 500 hasn’t had much to do with expectations of faster growth in... 31st August 2023 · 4 mins read
Capital Daily Strong inflation may limit downside for EZ bond yields Stronger-than-expected inflation data from Germany and Spain today add to the uncertainty surrounding the near-term path of ECB policy. On balance, we think that the ECB will raise rates once more in... 30th August 2023 · 4 mins read
Capital Daily Relative outlook for US and EZ high yield spreads We expect the gap between high yield (HY) credit spreads in the euro-zone and the US to narrow over the rest of this year as spreads in both economies climb. 29th August 2023 · 4 mins read
FX Markets Weekly Wrap Greenback gains as surveys sink and Powell persists PMI and other data released this week have added to evidence of the relative strength of the US economy amid a weakening global backdrop, shifting yield gaps in favour of the greenback and pushing it... 25th August 2023 · 7 mins read
Capital Daily Jackson Hole: what a difference a year makes Market participants have taken Fed Chair Powell’s much-anticipated keynote speech at the Jackson Hole conference today as somewhat hawkish, even if the fallout, so far, is some way from the violent... 25th August 2023 · 6 mins read
Canada Chart Pack Canada Chart Pack (Aug. 2023) Our Canada Chart Pack has been updated with the latest data and our analysis of recent developments. Strong immigration and the turnaround in the housing market raise the chance that the economy will... 25th August 2023 · 1 min read
Asset Allocation Update Equities in EM Asia ex-China may keep holding up well Equities in Emerging Asia outside China have largely outperformed their peers in other Emerging Markets (EMs) since the pandemic started. We think that they will hold up better during the global stock... 24th August 2023 · 4 mins read
FX Markets Update We still expect Gilt yields and sterling to fall Gilt yields and sterling have fallen from their cycle highs over the past month or so, and we think the worsening economic growth outlook in the UK and elsewhere mean that this trend will continue... 24th August 2023 · 4 mins read
Capital Daily Will valuations hinder AI-related stocks’ performance? Stronger-than-expected Q2 earnings from Nvidia have extended this week’s relief rally in stock markets. While we think that US equities could falter over the rest of the year as growth disappoints, we... 24th August 2023 · 4 mins read
