Capital Daily Dollar rebound may continue despite Hassett Even if the FOMC cuts the fed funds rate again next week and Kevin Hassett does indeed become the next Fed Chair, we think the dollar rebound over recent months has further to run. 3rd December 2025 · 4 mins read
Capital Daily BoJ hikes not a threat to global markets The prospect of the Bank of Japan resuming its hiking cycle a bit sooner than previously thought has sent tremors through global bond and equity markets this week, but we suspect they could... 2nd December 2025 · 4 mins read
Japan Economic Outlook BoJ will bring rates close to neutral by 2027 The economy will continue to grow at a healthy pace, which should ensure that the labour market remains very tight. While energy subsidies and falling crude oil prices will weigh on headline inflation... 2nd December 2025 · 17 mins read
Capital Daily Mega-cap divergence & FOMC disagreements Equity markets have finally got into the festive spirit, with a fairly broad-based rebound underway. In part, that appears to reflect renewed hopes for more Fed easing, which we think will ultimately... 1st December 2025 · 5 mins read
Africa Chart Pack Africa Chart Pack (Nov. 2025) Growth prospects in Sub-Saharan Africa look bright, with inflation low or falling for most and a monetary easing cycle well under way, with many central banks likely to cut rates deeper than most... 28th November 2025 · 0 mins read
Capital Daily Could intervention turn the yen and the won around? We think the Japanese yen and the Korean won will rally against the US dollar next year regardless of any FX intervention, although it would help. 27th November 2025 · 3 mins read
UK Economics Focus Autumn Budget - Markets give the smaller-than-expected Budget the thumbs up After months of speculation and an unprecedented leak of all the details an hour before the Chancellor’s speech, the financial markets have given the Budget the thumbs up and the Budget doesn’t... 26th November 2025 · 19 mins read
Middle East & North Africa Economics Update Egypt’s balance sheet risks high but likely to recede Egypt’s devaluation and shift back towards macro orthodoxy 18 months ago have put the economy back on the path towards restoring macroeconomic stability. The situation is still very fragile – Egypt... 24th November 2025 · 4 mins read
Capital Daily What to make of the AI and fiscal concerns roiling markets Equity markets remain under pressure even after positive news on both AI demand and the US labour market. A renewed sell-off in Japan’s bond market isn’t helping matters. Meanwhile, we think the UK... 24th November 2025 · 6 mins read
India Economics Weekly October’s record trade deficit not a sign of things to come India’s trade deficit widened to its largest on record in October, fuelling fresh concerns about the rupee which is hovering near all-time lows against the US dollar. But the surge in gold imports is... 21st November 2025 · 4 mins read
UK Economics Update Will gilt yields climb further after next week’s UK Budget? We think gilt yields are more likely to fall than rise in the immediate aftermath of the Budget on 26th November. But the chances of an adverse gilt market reaction remain high, and the Budget poses... 21st November 2025 · 4 mins read
Capital Daily Tech share kerfuffle continues, Gilt debacle déjà vu The renewed sell-off in US tech stocks last week puts even more of a spotlight on the earnings report of AI-bellwether Nvidia this Wednesday: it will set the tone for the wider tech sector over the... 17th November 2025 · 5 mins read
FX Markets Update Why is the yen still so weak? The Japanese yen continues to suffer from the wide monetary policy gap between Japan and other major economies. We think that gap will gradually narrow and the yen recover some ground over the next... 14th November 2025 · 5 mins read
Capital Daily Tech share meltdown, end of the shutdown? Jitters around US tech stocks reinforce the extent to which the market has become reliant on continued AI optimism. We see little on the fundamentals, though, that points to an imminent bursting of... 10th November 2025 · 5 mins read
Capital Daily Tariffs under threat: what it might mean for markets The abolition of tariffs justified under the International Emergency Economic Powers Act would be bad news for Treasuries, and perhaps not as good for the US dollar and stock market as it might seem. 6th November 2025 · 4 mins read
Japan Chart Pack Japan Chart Pack (Nov. 25) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. GDP growth will slow from its current above-trend rate to a more sustainable pace. However, with... 6th November 2025 · 1 min read
