DM Markets Chart Pack Global Markets Chart Pack (Feb. 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 deliver a bit more policy rate cuts... 28th February 2024 · 1 min read
Industrial Metals Update Tin up; we expect prices to rise Given the signs that cyclical and structural forces will raise tin demand this year, set against a backdrop of tightening supply due to the mining ban in Myanmar, we forecast the tin price to rise in... 28th February 2024 · 4 mins read
Global Economics Update What’s behind US economic exceptionalism? Larger government stimulus during the pandemic and a higher propensity to run down “excess savings” have contributed to particularly strong growth in the US. On the other hand, a significant terms of... 27th February 2024 · 4 mins read
Global Economics Update Is China exporting deflation? Deflation in China has added to disinflationary forces in the advanced economies as its export prices have fallen sharply. The direct impact has not been huge, accounting for only a small fraction of... 26th February 2024 · 4 mins read
FX Markets Weekly Wrap US dollar struggles amid “risk on” mood in broader markets The tailwind of US equity outperformance appears to be fading for the greenback, as the DXY Index looks set to post its first weekly fall in 2024. A pullback after such a streak isn’t all that... 23rd February 2024 · 5 mins read
Global Economics Update PMIs point to stubborn price pressures in Europe Februarys’ flash PMI surveys suggest that economic activity improved in Europe at the start of this year. But services prices pressures remained elevated, especially in the UK and euro-zone, meaning... 22nd February 2024 · 2 mins read
Capital Daily Will the US dollar and stocks remain in lockstep? So far this year, the US dollar has moved in tandem with the relative performance of US equities. While that may continue over short time horizons, we doubt the rally in US equities we anticipate over... 21st February 2024 · 4 mins read
Event Global Drop-In: Long Run Economic Outlook – What to expect from global growth to 2050 1709218800 An AI productivity boom. A Chinese structural slowdown. Aging workforces.
Global Economics Update Can we still rely on the PMIs? The S&P Global PMI surveys have not been fully reliable guides to activity in major advanced economies over the past few years. But their relationship with GDP outside the US is still fairly strong... 21st February 2024 · 6 mins read
Industrial Metals Update Global Aluminium Production (Jan.) Global aluminium production was unchanged in January compared to December. This reinforces our view that production growth will soften this year. 20th February 2024 · 2 mins read
Long Run Economic Outlook AI productivity boom tempered by protectionist threat The AI revolution should deliver substantial productivity gains in the coming decade, particularly in advanced economies. But with working age populations falling in key areas and China’s economy in... 20th February 2024 · 1 hr, 9 mins read
Global Economics Chart Pack Global Economics Chart Pack (Feb. 2024) We think that global growth will undershoot consensus expectations in 2024 as various props to growth from 2023 fade and as the lagged effects of past rate hikes continue to feed through. Among the... 15th February 2024 · 1 min read
Industrial Metals Update Europe's aluminium industry not dead yet Higher aluminium prices and lower production costs should incentivise Europe’s smelters to restart some production in both 2024 and 2025. The introduction of CBAM in 2026 means prices will then... 15th February 2024 · 3 mins read
Industrial Metals Update Wave of supply will keep nickel prices low We think the huge expansion in nickel supply will keep the market balance in a sizeable surplus this year. Accordingly, we don’t think the price will muster a recovery from its recent slump. 12th February 2024 · 2 mins read
