Global Markets Update Return of the carry trade One explanation for the dollar’s weakness is its increased use as a funding currency. The 3-month interest rate differential between the US and a weighted average of its major trading partners has... 22nd September 2009 · 1 min read
Global Markets Update What should we make of booming corporate bond issuance? 17th September 2009 · 1 min read
Global Markets Update Indian bond yields will rise further next year Investors are becoming increasingly convinced that the Reserve Bank of India (RBI) will be one of the first central banks in Asia to begin hiking rates. However, we still think they may be... 17th September 2009 · 1 min read
Global Markets Update Resolving the conundrum in equity and bond prices 1st September 2009 · 1 min read
Global Markets Update Gas is too cheap relative to oil We expect further falls in US natural gas prices in the near term. However, the incentive for end-users to substitute gas for oil has rarely been higher, which will eventually feed through to higher... 20th August 2009 · 1 min read
Global Markets Update Is gold heading for a traditional seasonal rally? Gold prices appear to follow a seasonal pattern, but the influence of the calendar is small compared to other drivers. We continue to expect a stronger US dollar to drag gold down to $850/oz by year... 19th August 2009 · 1 min read
Global Markets Update Equities still face an uphill battle Now that the S&P 500 has climbed above 1000 for the first time this year, is it time to sound the all clear for equities? We are sceptical. The rally is likely to peter out once the second quarter... 5th August 2009 · 1 min read
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
