Capital Daily Don’t count out the greenback, despite threats to Fed We still think there are plenty of reasons to be positive on the US dollar, despite the latest threats to the Fed’s independence. 12th January 2026 · 5 mins read
Japan Chart Pack Japan Chart Pack (Jan. 2026) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. The economy will continue to grow at a healthy pace, which should ensure that the labour market... 12th January 2026 · 1 min read
Capital Daily The US labour market won’t burst this stock market bubble One of the key differences between the latter stages of the dotcom bubble and the current AI equity bubble is the state of the US labour market. This is important because, even though the unemployment... 9th January 2026 · 4 mins read
Africa Economics Weekly SSA economies and currencies to fare well in 2026 Zambia’s kwacha has made a bright start to the year, while the naira and rand have also posted early gains. And we expect most African currencies to fare well over the course of 2026. The risk of... 9th January 2026 · 6 mins read
Middle East & North Africa Economics Weekly Saudi borrowing plan, Bahrain’s austerity steps, KSA opens up Saudi Arabia kicked off 2026 with its first debt issuance of the year. Like last year, we think borrowing will exceed the authorities' plans as lower oil prices lead to a wider budget deficit and... 8th January 2026 · 7 mins read
Capital Daily The renminbi is still weak Despite its recent gains the renminbi still looks weak to us, which is partly why we think it will strengthen further against the US dollar in 2026. 8th January 2026 · 3 mins read
Capital Daily Commodities and equities beating to different drums While commodity and equity prices often move together when demand is in the driving seat, the wild swings in the prices of many commodities over the past month can generally be chalked up to a... 7th January 2026 · 4 mins read
Capital Daily We doubt the 10-year JGB yield will soar a lot more in 2026 Although the 10-year JGB yield has now risen decisively above 2%, we aren’t inclined to revise up our already bearish end-2026 forecast of 2.25% given the path of Japan’s policy rate that now seems to... 6th January 2026 · 4 mins read
Emerging Europe Economics Update Current account deficit no concern for Israeli shekel Israel posted a rare current account deficit in Q3, its first quarterly deficit in a decade, but we don’t think this is a concern and expect the current account to return to surplus in the coming... 6th January 2026 · 4 mins read
Capital Daily First thoughts on the market implications of Maduro’s capture While the capture of Venezuelan president Maduro by American forces has dominated headlines, financial markets seem unperturbed. We agree with the implicit view that the near-term economic and... 5th January 2026 · 3 mins read
China Economics Weekly Renminbi set to appreciate further in 2026 The renminbi has made headway recently, both against the US dollar and in trade-weighted terms. With inflation set to remain much lower in China than elsewhere, further nominal appreciation looks... 2nd January 2026 · 6 mins read
China Chart Pack China Chart Pack (Dec 25) While China’s growth picked up in November on the back of stronger export growth, the economy looks set to have expanded by less than 3.5% this year. Exports should continue growing next year, despite... 31st December 2025 · 0 mins read
Japan Economics Update Government net debt set to fall below 100% of GDP Japan’s fiscal health has continued to improve. While the expansionary measures taken by PM Takaichi mean that the budget deficit won’t narrow any further next year, it will remain very low. And with... 30th December 2025 · 4 mins read
Asia Economics Update Korea’s equity rally: what comes next? Korea’s equity market has delivered an exceptional rally this year, driven by the restoration of political stability, long-overdue corporate governance reforms and strong exposure to the global AI... 22nd December 2025 · 3 mins read
Capital Daily Three key charts for financial markets in 2026 As the year draws to a close, the key themes and questions that emerge for 2026 are in many ways familiar. Will the AI boom continue? Can the government bond market keep muddling through? And can the... 22nd December 2025 · 7 mins read
Capital Daily Is the problem with the yen a real one? Today’s decision by the Bank of Japan (BoJ) to raise it key policy rate by another 25bp has done nothing to shore up the yen, which has fallen by another ~1% against the US dollar. Admittedly, the... 19th December 2025 · 4 mins read
