Short-term interest rates are climbing in China as the authorities look to slow the pace of borrowing. Rising corporate defaults have unsettled the bond market. The risk posed by Chinese…
The pace of technological change is accelerating due to the rapid growth in specialised semiconductor chips. Chip designers are circumventing many of the physical challenges that pointed to the end…
Marine Le Pen needed to come first by some distance to stand any chance of prevailing in the second round. The reaction of European equities reflects the realisation that the…
The resilience of the equity market in the face of significant ‘political risks’ – home and abroad – has been impressive. Technology companies have been responsible for a large part…
Geopolitical risks are back, stalking markets. North Korea is the main flashpoint and the stand-off between Pyongyang and Washington will continue to unnerve investors. The exports data for many countries…
Price wars in wireless phone charges pulled core inflation down spectacularly in the US last month. It is a classic illustration of how intense competition has driven the NAIRU lower….
President Trump’s assertion on Wednesday (April 12th) that the US dollar was “too high” precipitated a sharp correction in exchange rates and hit Japanese equities. The administration’s propensity to use…
