EM Valuations Monitor Commodity currencies could make further gains The UK’s decision to leave the EU caused a momentary wobble in emerging market (EM) currencies, but many are now stronger against the US dollar than they were one month ago. Commodity currencies have... 6th July 2016 · 1 min read
Global Markets Update Is sterling a good indicator of global Brexit risks? The renewed slide in the value of the pound yesterday has prompted fresh jitters in global financial markets, as well as increased demand for traditional safe havens such as gold and the yen. But... 6th July 2016 · 1 min read
UK Economics Update Don’t panic about the pound While the downward pressure on the pound has increased in response to some adverse post-referendum developments, we have long argued that a substantially lower exchange rate would be an important... 6th July 2016 · 1 min read
Nordic & Swiss Economics Update Riksbank pushes back rate rise expectations Sweden’s Riksbank has pushed back its expectations for a rate rise. Although the negative impact of previous falls in energy prices on inflation is fading and domestic inflationary pressures are... 6th July 2016 · 1 min read
DM Markets Chart Pack Sterling’s slide boosts UK equities Perhaps surprisingly, the shares of medium- and large-sized companies fared better in the UK than in the US, the euro-zone and Japan, in the aftermath of the vote for Brexit. Much of this... 5th July 2016 · 1 min read
Frontier Markets Wrap Easing cycles have further to run in several frontier markets The past month has brought aggressive monetary easing in a handful of frontier markets, and we think others will follow suit over the rest of this year. Cuts in policy interest rates this month in... 30th June 2016 · 1 min read
Global Markets Update New market forecasts in the wake of the “Brexit” vote Our existing market forecasts were premised on an assumption that the UK would vote to remain in the EU. After the vote to leave, we have allowed the initial dust to settle, reviewed our projections... 30th June 2016 · 1 min read
Global Markets Update Why have equity markets rebounded after the Brexit vote? There are several plausible reasons why the prices of equities and other riskier assets have recovered after the UK’s vote to leave the EU. Some of these may be temporary, notably short covering. More... 30th June 2016 · 1 min read
Africa Economics Update Africa: Naira float, Brexit rattle local markets The key decision affecting African markets this month was Nigeria’s long-awaited currency reforms, which sent the naira tumbling. The effect of Britain’s vote to leave the EU was relatively limited... 30th June 2016 · 1 min read
Emerging Europe Economics Update Emerging European markets underperform after Brexit vote 30th June 2016 · 1 min read
China Economics Update China’s markets calm after Brexit The renminbi has weakened against the US dollar following the UK’s decision last week to leave the EU. But there are no signs of renewed panic about the currency.Meanwhile, equity markets have held... 30th June 2016 · 1 min read
Latin America Economics Update Markets recover after Brexit jolt Equities and currencies across Latin America tumbled alongside global markets in the immediate aftermath of the UK’s vote to leave the European Union, but have since recovered some (and in a few cases... 29th June 2016 · 1 min read
Japan Economics Update Would FX intervention halt the strengthening of the yen? If worries about a deepening crisis in the EU drive another surge of safe haven flows into Japan, even direct foreign exchange intervention would probably not prevent the yen from strengthening... 29th June 2016 · 1 min read
Global Markets Update Sterling & UK equities – no 1992 redux Sterling’s slide in the aftermath of the UK’s vote on EU membership is reminiscent of its slump after the country withdrew from the European Exchange Rate Mechanism (ERM) in 1992. Not surprisingly... 28th June 2016 · 1 min read
Global Markets Update Putting recent market moves into perspective While some equity indices fell further on Friday than on the day after the bankruptcy of Lehman Brothers, it would be wrong to conclude that the world is on the cusp of another global financial crisis... 27th June 2016 · 1 min read
