Global Markets Update Debt, deflation and default ... should markets be worried? 4th August 2009 · 1 min read
Global Markets Update Commodity currencies set to underperform again Commodity currencies have outperformed most other currencies recently. However, this is unlikely to last much longer as risk appetite wanes and Chinese stockpiling slows. 30th July 2009 · 1 min read
Global Markets Update Growth outlook suggests more upside for Asian currencies Widening growth differentials between Emerging Asia and the US should result in further gains in Asian currencies against the dollar over the next 12-18 months. 28th July 2009 · 1 min read
Global Markets Update Commodities – beware the dragon’s burp The need to feed the supposedly insatiable demand of the Chinese economic dragon is frequently cited as a reason to expect ever-higher commodity prices. However, investors also need to beware of the... 23rd July 2009 · 1 min read
Global Markets Update How credible is OPEC's new oil price target? OPEC’s informal target of $75-80 per barrel (pb) might be a reasonable starting point for an assumption about the medium-term outlook for oil prices, but it is certainly not the last word. Our view is... 28th May 2009 · 1 min read
Global Markets Update Is the de-dollarisation of trade a threat to the US currency? 19th May 2009 · 1 min read
Global Markets Update How much should we read into China’s gold "purchases"? The revelation of a jump in China’s official gold holdings is supporting gold prices and reviving fears that reserve diversification will undermine other dollar assets, notably US Treasuries. But the... 24th April 2009 · 1 min read
Global Markets Update Bank of England will be a big fish in a small pond 24th March 2009 · 1 min read
Global Markets Update Is quantitative easing so bad for the dollar? The markets’ initial reaction to the Fed’s decision to step up its policy of quantitative easing, including a new plan to buy Treasury securities, has been to sell the dollar. We do not expect this... 19th March 2009 · 1 min read
Global Markets Update Too soon to worry about a bond “bubble” We do not believe there is a bubble in government bond markets. Yields are low and bond prices high, but these levels can readily be justified by the outlook for the usual fundamentals that determine... 21st January 2009 · 1 min read