Africa Economic Outlook Africa resilient but pockets of vulnerability remain Growth in Sub-Saharan Africa should remain resilient despite high energy prices and tighter global financial conditions. We’re positive relative to the consensus on growth in much of the region... 25th September 2026 · 19 mins read
Capital Daily Two points for markets on the US-China trade talks We think the contentious US-China trade negotiations are much more important for Chinese equities than US ones. Meanwhile, the current backdrop favours a further renminbi rally. 25th September 2026 · 4 mins read
Europe Economics Update SNB likely to sit this tightening cycle out The SNB’s decision to leave interest rates on hold today was in line with economists’ and investors’ expectations. But in contrast to the prevailing view in the market that the Bank will hike rates at... 24th September 2026 · 3 mins read
Capital Daily BoJ undermines yen rally, again Those hoping that the Bank of Japan’s (BoJ) latest meeting would help deliver a stronger yen were, once again, left disappointed. At this point, any yen rally will likely need to be driven by a shift... 18th September 2026 · 3 mins read
Capital Daily Warsh puts his foot down, boosting the dollar While much of the drop in long-term government bond yields over the past couple of days reflects relief from lower oil prices, policy news from the Fed and the BoE (which has slowed its QT programme)... 17th September 2026 · 4 mins read
India Economic Outlook Stage is set for RBI rate hikes After a very strong first half of the year, India’s economy is set to cool but annual GDP growth should still average 7% from 2026-2028, an enviable rate by global standards. Rising food prices on... 16th September 2026 · 17 mins read
Emerging Markets Economics Chart Pack Emerging Markets Chart Pack (September 2026) EM growth appears to have softened at the start of Q3, but we still think it will accelerate in the coming quarters. As things stand, it doesn’t look like EM central banks will respond to the renewed... 15th September 2026 · 1 min read
Asset Allocation Focus What to expect in markets when the bubble in AI bursts There are plenty of signs that we are now in the late stages of a bubble in AI. When the bubble eventually bursts, we expect the subsequent fallout to include not only very substantial drops in equity... 14th September 2026 · 22 mins read
Capital Daily Greenback to benefit as Fed presses ahead We don’t expect the Fed to add much fuel to the bond market sell-off later this week, but over the medium term we nonetheless think the relative monetary policy picture favours the US dollar... 14th September 2026 · 5 mins read
Capital Daily Markets still fairly resilient to US inflation threat While the US CPI data for August released today could have been worse, the combination of strong economic growth, above-target underlying inflation and the recent surge energy prices means that we now... 11th September 2026 · 4 mins read
Africa Economics Weekly SA current account deteriorates, Senegal’s debt problem Q2 data this week showed the energy shock is putting South Africa’s current account position under strain, and with oil prices back above $100pb, we expect that external pressure to persist in the... 11th September 2026 · 5 mins read
Asia Economics Weekly Won’s rebound, CBC to hold fire, China Shock 2.0 The Korean won hit a two-year high this week, helped by profit repatriation by major tech firms and foreign investors scaling back their selling of Korean equities. We think it will make further gains... 11th September 2026 · 4 mins read
Japan Economics Weekly Stronger inflation points to further yen gains This week’s producer price and wage data show that inflationary pressure in Japan remains firm. That should set the stage for the Bank of Japan to pick up the pace of policy tightening. Meanwhile, the... 11th September 2026 · 5 mins read
India Economics Weekly The RBI’s fistful of dollars The RBI's efforts to attract foreign-currency deposits have proven more successful than expected, but the resulting surge in liquidity has eased monetary conditions and may complicate efforts to... 11th September 2026 · 3 mins read
Africa Economics Update Ghana’s growth to surprise on the upside Ghana’s economy slowed in Q2 on the back of weakness in the cocoa sector and we expect the effects of the energy shock to dampen growth over the rest of the year. But looser policy should help to... 10th September 2026 · 4 mins read
Capital Daily Rare dual renminbi/CGB rally could go further It’s unusual for the renminbi to gain against the US dollar while China’s domestic bond yields are falling, as has been the case lately. But the latest economic data add to the case, in our view, that... 9th September 2026 · 3 mins read
