DM Markets Chart Pack Global Markets Chart Pack (Aug. 2024) Our Global Markets Chart Pack has been updated with the latest data and our analysis of recent developments. We think the rally in developed market government bonds has gone a bit too far and that... 30th August 2024 · 1 min read
Asset Allocation Chart Pack Asset Allocation Chart Pack (August 2024) We think enthusiasm around AI will return before long and inflate the stock market bubble further over the next year or so, supported by a backdrop of resilient economic growth and monetary easing... 29th August 2024 · 1 min read
China Economics Update PBOC at the mercy of leadership’s muddled priorities The PBOC appears poised to step up its efforts to prevent bond yields from falling, even though lower borrowing costs would help the economy right now. The inconsistencies in its policy approach are... 29th August 2024 · 6 mins read
Emerging Markets Economics Chart Pack Emerging Markets Chart Pack (August 2024) EM recoveries are beginning to slow and should continue to do so over the coming quarters. Within this there will be regional variation, with Asia the outperformer and Latin America the laggard... 29th August 2024 · 1 min read
Capital Daily Nvidia and whether the AI rally has run out of steam We think the AI rally has further to run, despite investors’ apparent disappointment with Nvidia’s rapid profit growth. 29th August 2024 · 4 mins read
Capital Daily UK interest rate exceptionalism unlikely to last The ongoing reassessment of the monetary policy outlook in the US and Europe has (again) made the UK look like an outlier. We doubt that will last. 28th August 2024 · 4 mins read
Asset Allocation Focus Is the discreet strength of European equities already over? For all the talk about AI, equities in Europe have delivered nearly as much as those in the US over the past few years. But we think that US equities will take the lead more clearly over the next year... 28th August 2024 · 10 mins read
Africa Economics Update Nigeria: a bumpy recovery ahead The pick-up in Nigerian GDP growth seen in Q2 will probably be followed by a renewed slowdown this quarter. But we think the backdrop of rising oil production, falling inflation and possible interest... 28th August 2024 · 3 mins read
Capital Daily Banking on a soft landing It’s perhaps surprising that financials have outperformed the S&P 500 during the recent bout of market turbulence. (See Chart 1.) After all, Treasury yields have fallen and the outlook for the US... 27th August 2024 · 4 mins read
Global Markets Update Is the equity market really back to square one? While the S&P 500 is now nearly back to its all-time high in the wake of Fed Chair Powell’s dovish message at Jackson Hole, underlying risk premia are still somewhat larger than before the July... 27th August 2024 · 4 mins read
India Chart Pack India Chart Pack (August 2024) The economy is on course to grow by 6.5-7% per year between 2024 and 2026, which would put India on course to become the world’s third-largest economy in the next couple of years. Headline CPI... 27th August 2024 · 1 min read
FX Markets Update We think Asian currencies’ rallies will slow, not stop We expect most Asian currencies to make further gains against the US dollar over time, even if their biggest rallies may now be behind them. 27th August 2024 · 5 mins read
Capital Daily Dovish Powell not necessarily good news for stocks Fed Chair Powell’s dovish keynote speech at the Jackson Hole conference today has reinforced the sense that not only are FOMC rate cuts imminent, but they may also be front-loaded. That suggests... 23rd August 2024 · 4 mins read
FX Markets Weekly Wrap Powell opens the door to further dollar weakness The dovish speech by Fed Chair Jerome Powell at Jackson Hole and the minutes of the FOMC Meeting in July released on Wednesday have left the greenback lower against all G10 currencies this week. This... 23rd August 2024 · 5 mins read
Africa Chart Pack Africa Chart Pack (Aug '24) GDP growth looks set for a modest pick up over the coming quarters as inflation falls back in most SSA economies and monetary easing cycles broaden out. The external environment will remain... 23rd August 2024 · 0 mins read
Capital Daily Rising Treasury yields may not help the dollar Even though Treasury yields have edged up today ahead of Jerome Powell’s speech at Jackson Hole tomorrow, we think there’s still some scope for them to rise further, as we think too much easing is now... 22nd August 2024 · 5 mins read
