Emerging Europe Economics Weekly Lira touches new low, CEE bond yield divergence It's been a rocky week for the Turkish lira amid more changes at the central bank and political upheaval regarding a possible link between politicians and organised crime. This, coming alongside high... 28th May 2021 · 8 mins read
China Economics Weekly PBOC’s turn to target currency manipulators After regulators last week pledged to root speculators out from the domestic commodity market, this week it was the turn of the People’s Bank to tackle manipulation in the currency market, which it... 28th May 2021 · 6 mins read
EM Markets Chart Pack We think EM equities will rise, not shine We forecast that emerging market (EM) equities will make further gains between now and end-2022 as the global economy recovers further. However, they have lost a bit of ground to developed market (DM)... 27th May 2021 · 8 mins read
FX Markets Focus A primer on our new FX Markets service The purpose of this Focus is to introduce our new FX Markets service, which we launched in May 2021. It is split into three sections. The first provides an overview of the new service. The second... 27th May 2021 · 13 mins read
China Economics Focus The implications for China and the world of eCNY In this Focus we detail what is known about how China’s central bank digital currency (CBDC) will operate, when it will launch, what the People’s Bank is trying to achieve, and whether it will succeed... 27th May 2021 · 29 mins read
Capital Daily We think the euro’s recent strength will prove to be transitory While recent strong data confirm that the economic recovery in the eurozone is underway, we continue to think the euro will weaken against the US dollar this year. 25th May 2021 · 5 mins read
FX Markets Weekly Wrap Prospects for central bank tightening remain in focus In a fairly quiet week for currency markets, the minutes from the FOMC’s April meeting proved the highlight. The US dollar rose sharply on the news that at least some Fed officials are keen to start... 21st May 2021 · 7 mins read
Capital Daily PMIs, bond yields & the euro The latest flash PMIs reinforce our view that the economy will continue to grow at a faster pace in the US than in the euro-zone in the next few years. This feeds into our forecast that long-dated... 21st May 2021 · 7 mins read
DM Markets Chart Pack We doubt inflation will send the equity rally into reverse While inflation fears have taken some steam out of the US stock market rally recently, we still think that equities in the US, and elsewhere, will make further gains over the next couple of years. 20th May 2021 · 8 mins read
Capital Daily We expect recent strength in the South African rand to reverse Despite its recent appreciation against the US dollar, we expect the South African rand – like most emerging market (EM) currencies – to end this year weaker against the greenback. 20th May 2021 · 6 mins read
Commodities Update Oil to disregard US dollar strength The recent depreciation in the US dollar has helped to boost commodity prices. But while we expect a stronger dollar to weigh on most commodity prices later this year, we think that oil prices will... 20th May 2021 · 2 mins read
FX Markets Update Why we still favour the US dollar over the euro Despite its recent resurgence, we continue to think that the euro will weaken against the dollar this year. 19th May 2021 · 4 mins read
Global Economics Chart Pack Near-term inflation pressures mount Near-term inflationary pressures appear to be building. Some of this reflects factors that are likely to be only temporary, such as the “reopening inflation” associated with the easing of virus... 17th May 2021 · 15 mins read
Capital Daily Assessing the market implications of slower growth in China We think slowing economic growth in China – highlighted again by today’s economic data – has several key implications for the country’s financial markets. 17th May 2021 · 6 mins read
FX Markets Weekly Wrap Currency markets weighing the prospects for recovery The unexpected jump in US inflation data pushed the greenback higher against most currencies this week and may a harbinger of things to come – we continue to expect the dollar to appreciate this year... 14th May 2021 · 7 mins read
FX Markets Outlook We expect higher US yields to lead to a stronger dollar We think the greenback will strengthen a bit over the next couple of years as the economy in the US outperforms during the recovery from COVID-19 and government bond yields there generally rise faster... 12th May 2021 · 22 mins read
