Commodities Weekly Reading the OPEC+ tea leaves: rollover is on the cards The decision by OPEC+ to move its crunch meeting from in-person on Saturday in Vienna to online on Sunday, historically a sign of an uneventful meeting, suggests that members will rollover production... 31st May 2024 · 5 mins read
Global Economics Update Global growth to slow following strong Q1 The stronger than expected Q1 GDP data in several major economies suggest that the global economy got off to a strong start in 2024. But we expect global growth to fall back to a slightly below-trend... 30th May 2024 · 4 mins read
DM Markets Chart Pack Global Markets Chart Pack (May 2024) Our Global Markets Chart Pack has been updated with the latest data and our analysis of recent developments. We think the Fed and most other DM central banks will be able to ease monetary policy this... 29th May 2024 · 1 min read
US Commercial Property Update Why have the US and EZ downturns lagged the UK? While the timing of the sharp hit to UK commercial real estate values owes much to the ill-fated “mini-Budget” of September 2022, we think the UK’s role in leading the valuation downgrades also owes... 28th May 2024 · 6 mins read
FX Markets Weekly Wrap Dollar consolidates as yields edge higher across the board The dollar looks set to end the week broadly unchanged against most currencies, halting its slide over the past couple of weeks. Bond yields in the US rebounded this week, partly due to the Fed... 24th May 2024 · 5 mins read
Global Economics Update PMIs offer some better news on services price pressures The latest flash PMIs suggest that GDP growth in advanced economies has continued to gain momentum in Q2. And central banks may take comfort in the fact that services price pressures seem to be easing... 23rd May 2024 · 3 mins read
Asset Allocation Update Spillovers from the rally in Chinese equities We think equities in the Asia-Pacific (APAC) region may benefit most from improving sentiment towards China in the near term. But we think that economic / market exposures to the AI revolution, not to... 23rd May 2024 · 5 mins read
Industrial Metals Focus How metals-hungry will the green transition be? The metals-intensive nature of green technologies will add to demand for a host of industrial and battery metals, with green demand for copper and aluminium likely to grow twice as quickly as... 23rd May 2024 · 17 mins read
Global Economics Update Financial conditions loosening, but still restrictive Financial conditions have loosened somewhat in advanced economies this year, suggesting that the peak drag from monetary tightening is behind us. However, outside Japan, they remain tight by past... 16th May 2024 · 4 mins read
India Economics Update India’s geopolitical balancing act India is benefitting economically from maintaining its historical non-aligned stance in response to tensions between the West and Russia, and Iran to a lesser extent. But notwithstanding a potential... 16th May 2024 · 6 mins read
Global Economics Chart Pack Global Economics Chart Pack (May 2024) Our Global Economics Chart Pack has been updated with the latest data and our analysis of recent developments. The latest data suggest that activity in Europe picked up at the start of this year, and... 15th May 2024 · 0 mins read
Global Economics Update What the latest US tariffs mean for the global economy We held an online Drop-In session today to discuss the Biden administration’s new tariffs on goods from China. This Update answers several of the questions that we received about the direct effects of... 15th May 2024 · 6 mins read
Global Economics Update Europe is leading the cutting cycle, but will it last? Contrary to the earlier assumption that the US Federal Reserve would lead the monetary policy loosening cycle among advanced economies, it is Switzerland and Sweden that have cut first. This has... 14th May 2024 · 4 mins read
Event Drop-In: US and Europe to raise China tariffs – A new phase in global fracturing? 1715760000 After weeks of rising tensions around the question of Chinese industrial overcapacity, the Biden administration has announced a new raft of tariffs on goods from China.
FX Markets Weekly Wrap FX markets calm (and the yen weak again) ahead of US CPI The US dollar looks set to end the week broadly unchanged against most currencies, with its renewed strength against the yen being the key exception. Next week’s CPI data release out of the US could... 10th May 2024 · 5 mins read
