Global Markets Outlook Twin stock and bond rally probably nearing an end The strong performance of both equities and government bonds this year reflects a view that monetary easing will put the global economy back on track very soon – an outlook that seems too benign to us... 1st August 2019 · 33 mins read
Australia & New Zealand Chart Pack Falling profitability to weigh on investment The slowdown in domestic economic activity along with global trade tensions is becoming more of a concern for businesses in both countries. That means that sentiment has not been bolstered by the... 30th July 2019 · 10 mins read
Capital Daily ECB unlikely to be main driver of E-Z assets in the rest of 2019 We think that the ECB will cut rates in September and restart net asset purchases shortly after The central bank of Russia will probably cut its policy rate by 25bp to 7.25% (11.30 BST) US GDP growth... 25th July 2019 · 6 mins read
Global Markets Update German equities likely to fall by less than their US peers Judging by their recent performance, more bad news is priced into German than US equities. As a result, if we are right and risky assets around the world come under pressure as global growth slows... 24th July 2019 · 3 mins read
Capital Daily Investors betting on further rally in BTPs likely to be disappointed UK CPI inflation was probably unchanged at 2.0% y/y last month (09.30 BST) We think that the euro-zone inflation rate for June will be revised upwards (10.00 BST) End of plant shutdowns probably... 16th July 2019 · 5 mins read
Global Markets Update QE hopes unlikely to boost BTPs for much longer While we are lowering our end-2019 and end-2020 forecasts for the 10-year BTP yield, we remain pessimistic about the near-term prospects for government bonds in Italy. 15th July 2019 · 3 mins read
DM Markets Chart Pack The big rally in government bonds might be over We think that there is very little, or no, scope for rate expectations and bond yields to renew their downward trend in most economies, given how far they had already tumbled before their recent... 12th July 2019 · 8 mins read
Capital Daily Negative bond yields have boosted the appeal of gold China’s export and import growth probably remained weak in June Rebound in euro-zone industrial production unlikely to offset fully April’s fall (10.00 BST) US core producer price inflation may have... 11th July 2019 · 5 mins read
Global Markets Update E-Z government bond yields likely to be low for longer Christine Lagarde’s nomination as ECB President makes us even more optimistic about the near-term outlook for government bonds in the euro-zone and reinforces our view that corporate bonds there will... 5th July 2019 · 2 mins read
Capital Daily Euro-zone bonds likely to rally further as ECB relaunches QE We think that Turkey’s CPI inflation fell sharply last month (08.00 BST) The US ISM non-manufacturing index probably dropped back in June (15.00 BST) The central banks of Sweden and Poland are likely... 2nd July 2019 · 5 mins read
Canada Chart Pack Core inflation unlikely to rise further We expect an average of the Bank’s core inflation measures to remain close to 2% this year, before declining in 2020, as GDP growth falls below potential. An average of the Bank of Canada’s three core... 25th June 2019 · 9 mins read
Commodities Focus Will the green economy drive the next commodity super-cycle? Commodity prices tend to go through extended boom and bust periods, sometimes known as super-cycles. The presence of super-cycles in commodity prices matters for a number of reasons but most... 16th March 2018 · 1 min read
