FX Markets Weekly Wrap Dollar ends the year with a bang; more to come in 2025? The FOMC’s hawkish surprise earlier this week has allowed the dollar to break through the top of its post-2022 range, putting it firmly on the front foot going into 2025. With the BoJ and the BoE both... 20th December 2024 · 6 mins read
Capital Daily Pressure on yen from Fed could fade next year We think 2025 will be a better year for the Japanese yen against the US dollar than 2024 has been, as the relative monetary policy picture shifts more decisively in its favour. 19th December 2024 · 4 mins read
Africa Chart Pack Africa Chart Pack (Dec. 2024) Falling inflation and looser monetary policy will help GDP growth to accelerate across Sub-Saharan Africa next year. A shift towards trade protectionism in the US will hurt certain sectors in certain... 18th December 2024 · 0 mins read
Event EM Drop-In: Brazil’s currency crisis – Economic and market implications 1734534000 A collapsing currency. A gaping budget deficit. And a president adding fuel to the fire.
FX Markets Outlook Trump win likely to extend dollar strength We expect the US dollar to appreciate a bit further in 2025 as the US economy and stock market continue to outperform peers and president-elect Donald Trump brings in extensive tariffs next year. As... 17th December 2024 · 22 mins read
Africa Economic Outlook A brighter outlook but a fiscal shadow Falling inflation and looser monetary policy will help GDP growth to accelerate across Sub-Saharan Africa next year. A shift towards trade protectionism in the US will hurt certain sectors in certain... 17th December 2024 · 19 mins read
India Chart Pack India Chart Pack (December 2024) After a stellar run, India’s economy has entered a softer patch that will continue for a few more quarters. We think that will portend an underperformance in local equities relative to other major... 17th December 2024 · 1 min read
FX Markets Weekly Wrap Dollar still going strong as FOMC announcement nears Halfway through the December round of central bank policy announcements the US dollar remains on the front foot, with the DXY index again close to its post-2022 high. Arguably, the dollar’s strength... 13th December 2024 · 6 mins read
Africa Economics Weekly SA activity, naira gains to fade, Ghana election While data out this week showed renewed struggles in South Africa’s mining sector, other figures suggest that a recovery has taken hold in Q4, which should accelerate next year with help from lower... 13th December 2024 · 6 mins read
Capital Daily How the yen might affect Japan’s stock market next year The recent breakdown in the relationship between yen/dollar and the relative performance of stock markets in Japan and the US in local-currency (LC) terms makes it hard to predict how these stock... 13th December 2024 · 5 mins read
US Commercial Property Outlook Total returns to turn positive in 2025, but offices still weigh The backdrop to our new real estate forecasts is a small reduction in our GDP forecasts and higher level of interest rates than previously. This weighs on the outlook, and we have trimmed our total... 12th December 2024 · 20 mins read
India Economic Outlook India Outlook: A tougher year ahead After a stellar run, India’s economy has entered a softer patch that will continue for a few more quarters. We think that will portend an underperformance in local equities relative to other major... 10th December 2024 · 16 mins read
FX Markets Weekly Wrap Currency calm continues ahead of key central bank meetings Despite a small rebound in the wake of another solid non-farm payrolls release, the US dollar is broadly unchanged on the week as the recent consolidation phase in currency markets continues. Neither... 6th December 2024 · 5 mins read
Africa Economics Weekly SA GDP, Biden’s Angola visit, Ghana election The surprise 0.3% q/q contraction in South Africa’s GDP was largely due to a slump in agriculture which should unwind. Along with low inflation and continued monetary easing, we expect the economic... 6th December 2024 · 7 mins read
India Economics Weekly Rupee’s decline won’t prevent eventual rate cuts On the face of it, the fall in the rupee to record lows poses a dilemma for the Reserve Bank’s MPC, which earlier today voted to keep the repo rate unchanged at 6.50%. But the bigger picture is that... 6th December 2024 · 4 mins read
Capital Daily Another BRIC in the stronger dollar wall? President-elect Trump’s latest tariff threat, this time against the “BRICS” economies, is another early taste of his combative approach to trade policy and its potential impact on financial markets... 2nd December 2024 · 4 mins read
