Capital Daily Are equities a bigger threat to bonds than the other way around? While much has been made of the potential threat to equities from soaring bond yields, recent developments suggest there’s a case that the equity rally, or at least the associated investment boom, is... 21st May 2026 · 4 mins read
China Economics Weekly Don’t take a deal at face value, AI investment ramps up A key outcome of President Trump’s previous trip to China in 2017 was a package of “trade and investment deals” that the White House valued at more than $250bn. But the bulk of these deals never... 15th May 2026 · 6 mins read
Asia Economics Update Could the Iran crisis pull the plug on Asia’s chipmakers? If disruption to energy imports resulted in power shortages in South Korea or Taiwan, governments in both places would prioritise chipmakers over households so that chip production could continue to... 14th May 2026 · 3 mins read
China Economics Update Iran war may help rather than hurt China’s growth Despite high global energy prices, China’s economy is stronger now than at the start of the year. An AI-related boost to investment and electronics exports is playing a role. But China has also... 13th May 2026 · 5 mins read
Equities Update How much more upside for equities if the Strait re-opened fully? If the Strait of Hormuz re-opened fully soon, the upside for global equities might appear limited given MSCI’s ACWI Index is now more than 4% higher than before the Iran war began. But its surge from... 7th May 2026 · 5 mins read
Capital Daily Tech stocks versus oil, bonds versus central banks Tech stocks have continued to power ahead despite renewed concerns around the war, but we don’t think they’re completely immune to it. Meanwhile, central bank inaction could be a threat to bond... 5th May 2026 · 6 mins read
Capital Daily The jury remains out on the AI CapEx splurge The mixed reaction to this week’s earnings releases from four US hyperscalers was a reminder of how sensitive investors have become to the firms’ plans for capital spending (CapEx), given the huge... 1st May 2026 · 4 mins read
Long Run Update AI and jobs: could this time be completely different? We still believe that AI will alter the nature of work, rather than significantly diminish the role of human labour. While it is not impossible that AI eventually displaces most or all jobs, such an... 28th April 2026 · 8 mins read
Event Drop-In: AI and the labour market – Should we fear a 'jobpocalypse'? 14th May 2026, 3:00PM BST Concerns about AI’s impact on jobs are intensifying, with recent labour market data prompting debate over whether emerging signs of displacement reflect a genuine shift or simply cycl
Emerging Europe Economics Update Israel’s cybersecurity sector and the AI challenge Rapid advances in AI capabilities will reshape Israel’s cybersecurity sector, with significant macro implications given that cyber software exports account for around 3% of GDP. AI will likely... 23rd April 2026 · 4 mins read
Capital Daily The Strait and markets, and tech equities’ surge The re-closure of the Strait of Hormuz has taken the wind out of markets’ sails at the start of the week, but investors are still very optimistic – arguably surprisingly so. Meanwhile, if the... 20th April 2026 · 6 mins read
Global Commercial Property Update How will AI job cuts influence office demand? Tech occupations are the most exposed to the impact of AI, but that doesn’t necessarily mean that sector will see the most job losses. That said, a decline in the share of pre-lets to the sector in... 10th April 2026 · 3 mins read
China Economics Update AI-led chip price surge to lift exports Soaring memory chip prices are boosting the value of China’s semiconductor and downstream electronics exports. With growing AI-related chip demand likely to continue to outstrip supply, prices look... 10th April 2026 · 5 mins read
China Economics Weekly Chinese AI spreading rapidly, both overseas and at home Although Chinese AI models still lag behind their US rivals in raw intelligence, they are nonetheless rapidly gaining global market share by being more cost-effective. And early signs suggest that... 2nd April 2026 · 6 mins read
Global Economics Update Will the Iran war undermine AI investment? The Iran war could take some of the momentum out of the AI investment boom but we doubt that it will fundamentally disrupt the overall build-out. 30th March 2026 · 5 mins read
