The Strait of Hormuz is a unique geographical feature. Other than the Bosporus and Dardanelles Straits that allow passage ...

China's economy is slowing, but policymakers are unlikely to launch broad-based stimulus in H2. Meanwhile, the emergence of ...

The Supreme Court, Senate, Fed, and other institutions have proved resilient so far under the Trump administration. US ...

Our clients expect sticky inflation to persist. Last week’s client poll saw a clear majority expecting inflation to stay sticky near current levels over the next 12 months. The conclusions were ...

In this Strategy Insight, we assess how Middle East-related energy and shipping disruptions are shaping the global inflation outlook and review the implications for inflation-linked bond markets. We ...

The JPY’s decline reflects rising inflation expectations rather than fiscal risk, and is likely to persist until the BoJ turns more hawkish. Our Chart Of The Week comes from Mathieu Savary, Chief FICC ...

Our GeoMacro strategists conclude that narratives of US institutional erosion are overstated. The rule of law has weakened over the past two decades, but our colleagues stress that core constitutional ...

Investors aiming to reduce exposure to AI-related market volatility should seek refuge in the equal-weight S&P 500. The equal-weight index (EWI) meaningfully outperformed the cap-weighted index ...

The South African Reserve Bank will not be able to hold rates for long. The SARB held its policy rate at 7%, defying expectations for a 25 bps hike. With inflation reaccelerating above the target band ...

Our FICC strategists stay overweight global inflation-linked bonds (ILBs), betting that markets underprice the inflation risk from energy and shipping disruptions. Within this stance, our colleagues ...

A more aggressive BoJ hiking stance is needed to stabilize the JPY. Recent price action has fueled speculation that Japanese officials now see yen weakness as an inflation risk, and that the BoJ may ...

The recent European data improvement is unlikely to last. The July eurozone ZEW improved and beat estimates, but the positive impulse was likely energy-driven. Current conditions, however, remain ...