THE FINAL COUNTDOWN With just a week to go, all eyes are now on the US Presidential election. Polls continue to show a Biden-lead by a wide margin on the national level.…
read moreEMERGING ASIA TO LEAD GLOBAL ECONOMIC RECOVERY The International Monetary Fund (IMF) has released the World Economic Outlook’s latest issue including an updated assessment on the world economy and revised…
read morePRESIDENT TRUMP RETURNS TO THE CAMPAIGN TRAIL As China was on holiday for most of the week, investors were busy with the news flow coming out of the US. President Trump…
read morePRESIDENT TRUMP’S HEALTH: A NEW LAYER OF UNCERTAINTY The last week has been very busy and intense, but before turning to the latest political developments in the US, let’s start…
read moreFIRST US PRESIDENTIAL DEBATE TO BE HELD TUESDAY World trade volumes continued to recover in July, when global trade rose 4.8% MoM. According to the CPB’s report, ‘the rebound arises…
read moreTHE FED HAS RECALIBRATED MARKET EXPECTATIONS The Fed made it clear that interest rates are going to stay at the zero-lower bound at least until 2024. This was probably no…
read moreEVENTFUL WEEK AHEAD WITH A FULL ECONOMIC DIARY Crude oil prices were under pressure for much of last week. As a result, Brent crude price (for November delivery) fell 6.6% by…
read moreAN UNEVEN GLOBAL RECOVERY IS ON THE WAY The global composite PMI rose to 52.4 in August, with both the manufacturing and services PMIs hovering in expansionary territory. On the aggregate…
read moreLOW(ER) RATES BY THE FED FOR EVEN LONGER World industrial production continued to recover in June, when the volume of output grew 4.8% MoM, following the modest 0.8% MoM growth…
read moreTHE FED’S SYMPOSIUM AND THE REPUBLICAN’S CONVENTION IN THE LIMELIGHT There was a striking decoupling between European and US PMIs in August. The IHS Markit Composite PMI rose to 54.7 (from…
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