Mr Trump’s protectionist rhetoric unnerved stock markets on Monday. However, the reaction in the US Treasury and JGB markets was telling: yields on 10-year JGBs and US Treasuries both finished…
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Tough new policies on immigration have cast a cloud over the US technology sector, a big contributor to economic growth in 2016. Mr Trump has backtracked on green cards. However, his restrictions…
Wages softened last month according to the Atlanta Fed. The core CPI (ex-food, energy & shelter) showed only a modest rise in December too, following three benign months. Last week’s…
The French economy may well surprise on the upside this year irrespective of who is elected as President. Fast-growing tech companies will help to underpin the recovery. A new start-up…
The question of how far inflation rises in 2017 will be critical to the performance of equities. Surveys point to an acceleration in wages this year, but the relentless march…
The PBoC’s attack on short-sellers has provided some respite for the renminbi. China is imposing stricter capital controls. A clampdown by US and European authorities on Chinese FDI may also…
Investors have adopted a cautious stance ahead of a scheduled press conference by Mr Trump tomorrow, worried that the president-elect may ramp up his protectionist rhetoric. The dollar has softened…
