Last week’s big decline in US Treasury yields is not necessarily a ‘vote of no confidence’ in risk assets. Lyft’s impressive debut on Friday shows investors are still willing to…
For some investors, the improvement in Chinese equities has been built largely on looser liquidity, not improved fundamentals. The rally has stalled, with the benchmark Shanghai composite slipping below 3,000….
In a world of low inflation, it is quite possible that bond market curves will invert (modestly) without this being a signal that policy is too tight. It may simply…
Revoking Article 50 is back in play. Another referendum cannot be ruled out. The TUC and CBI have joined hands: the Labour Party leader may yet be forced to drop…
The Bank of Japan’s latest assessment that the economy is “expanding moderately” might have seemed surprising given the recent slump in exports. The adverse external backdrop was acknowledged, but Governor…
Falling bond yields are good for the world economy and, of course, risk assets. In the US, the S&P 500 pushed through the 2,800 – 2,815 area of resistance on…