Global | Coronavirus Watch: Delta risks mount

Posted by Ben May on Jul 13, 2021 10:57:30 AM

Concerns within markets about the impact of the Delta variant on the economy is in our view warranted. We have long warned that vaccinations would...

Although none of the big four central banks have started tapering their QE programmes yet, monetary aggregates are being pinched from different...

Global | Coronavirus Watch: Case rates fall globally

Posted by Ben May on Jun 29, 2021 10:28:42 AM

New global cases of Covid-19 have fallen below the March lows and in many advanced economies, rapid vaccination programmes have allowed economies...

A shift to a new policy regime with much higher and more volatile inflation is a possibility that can’t be ignored due to its impact on the...

Global | Holding on to our core convictions

Posted by Javier Corominas on Jun 28, 2021 1:11:57 PM

Despite a flattening of the yield curve and some position squaring of the socalled reflation trade, we believe our key asset allocation themes are...

Global | Turning cautious on GBP

Posted by Ben May on Jun 22, 2021 2:38:01 PM

We believe now is the time to close out our tactical bullish GBP call, initiated in March, as the almost year-long rally in GBP looks increasingly...

Technical factors will push inflation up in the short-term and the fallout from the pandemic will raise inflation risks further out. But on...