Capital Daily Are Chinese AI stocks about to take off? We think China’s AI-related stocks may outperform their US counterparts over the rest of this year. But their longer-term prospects look less upbeat, to us. 31st August 2023 · 5 mins read
Asset Allocation Chart Pack Asset Allocation Chart Pack (Aug. 2023) Our Asset Allocation Chart Pack has been updated with the latest data and our analysis of recent developments. Although we’re growing less convinced by the idea that the US economy will tip into... 31st August 2023 · 1 min read
DM Markets Chart Pack Global Markets Chart Pack (Aug. 2023) Our Global Markets Chart Pack has been updated with the latest data and our analysis of recent developments. Growth in most advanced economies will disappoint later this year, putting pressure on... 31st August 2023 · 1 min read
Global Markets Update Is there much scope for the S&P 500 to build on its gains? We think there is ample scope for the US stock market to perform strongly in 2024 and 2025. Admittedly, this year’s rally in the S&P 500 hasn’t had much to do with expectations of faster growth in... 31st August 2023 · 4 mins read
Capital Daily Strong inflation may limit downside for EZ bond yields Stronger-than-expected inflation data from Germany and Spain today add to the uncertainty surrounding the near-term path of ECB policy. On balance, we think that the ECB will raise rates once more in... 30th August 2023 · 4 mins read
Capital Daily Relative outlook for US and EZ high yield spreads We expect the gap between high yield (HY) credit spreads in the euro-zone and the US to narrow over the rest of this year as spreads in both economies climb. 29th August 2023 · 4 mins read
FX Markets Weekly Wrap Greenback gains as surveys sink and Powell persists PMI and other data released this week have added to evidence of the relative strength of the US economy amid a weakening global backdrop, shifting yield gaps in favour of the greenback and pushing it... 25th August 2023 · 7 mins read
Capital Daily Jackson Hole: what a difference a year makes Market participants have taken Fed Chair Powell’s much-anticipated keynote speech at the Jackson Hole conference today as somewhat hawkish, even if the fallout, so far, is some way from the violent... 25th August 2023 · 6 mins read
Canada Chart Pack Canada Chart Pack (Aug. 2023) Our Canada Chart Pack has been updated with the latest data and our analysis of recent developments. Strong immigration and the turnaround in the housing market raise the chance that the economy will... 25th August 2023 · 1 min read
Asset Allocation Update Equities in EM Asia ex-China may keep holding up well Equities in Emerging Asia outside China have largely outperformed their peers in other Emerging Markets (EMs) since the pandemic started. We think that they will hold up better during the global stock... 24th August 2023 · 4 mins read
FX Markets Update We still expect Gilt yields and sterling to fall Gilt yields and sterling have fallen from their cycle highs over the past month or so, and we think the worsening economic growth outlook in the UK and elsewhere mean that this trend will continue... 24th August 2023 · 4 mins read
Capital Daily Will valuations hinder AI-related stocks’ performance? Stronger-than-expected Q2 earnings from Nvidia have extended this week’s relief rally in stock markets. While we think that US equities could falter over the rest of the year as growth disappoints, we... 24th August 2023 · 4 mins read
Capital Daily Downturns to push the euro and sterling down further The weaker-than-expected PMI data from European economies is consistent with our view that the euro and sterling will fall further against the dollar over the next couple of months. 23rd August 2023 · 4 mins read
Global Markets Update We still expect Treasury yields to fall We think the 10-year Treasury yield will end the year well below its current level. 23rd August 2023 · 5 mins read
Capital Daily Surge in 10-year JGB yield no surprise given global trend Although the 10-year JGB yield has gradually been creeping up towards the new 1% ceiling tolerated by the BoJ, this is no surprise given a broad-based rise in 10-year sovereign yields elsewhere... 22nd August 2023 · 5 mins read
Asset Allocation Update Outperformance of LatAm equities may be set to end Equities in Latin America have generally returned more than those in the rest of the world so far this year for US dollar-based investors willing to shoulder the currency risk. We think that is set to... 22nd August 2023 · 5 mins read
