Markets

This Great Graphic is from the Dutch Bureau of Economic Policy Analysis (CPB), and was posted by Steve Goldstein at MarketWatch.  It shows the three-month average year-over-year growth rate of global trade.The growth of trade slowed dramatically in from the...

The US dollar is narrowly mixed in quiet turnover.  The historic FOMC meeting that announces the end of QE is finally at hand.  This marks a new phase, post-QE, for monetary policy, and the US economy more broadly.  Although there...

Global risk-off sentiment and the reelection of Dilma Rousseff as the Brazilian president is setting EM off on the back foot to start the week. However, the lack of large moves in the dollar could mean that negative sentiment will...

The APEC summit is just over a week away and all stops are out in Beijing to make it an economic and diplomatic triumph, despite the huge underlying challenges in managing China’s relations with the region. The primary goals and...

As the second year of Abenomics progresses, Prime Minister Shinzo Abe’s program of coordinated monetary and fiscal stimulus and structural reform has lost some of its lustre. Not only have Abe’s approval ratings fallen below 50 per cent for the...

The week ahead is eventful.  Investors will learn of the results of review and stress test of European banks.  The Federal Reserve meets, as do three other central banks (Bank of Japan, Sweden's Riksbank and the Reserve Bank of New...

The US dollar gained on most of the major foreign currencies last week, but the overall tone, leaving aside the yen, was largely consolidative in nature.  The greenback was soft in the first half of the week but recovered in...

In May 2014, the Thai army, known as the National Council for Peace and Order (NCPO) staged a coup d’état to prevent civil war breaking out after months of political deadlock and administrative paralysis. Since then, the interim constitution has...

The dollar is little changed on the day against the majors. The euro is trading at $1.2650 and the pound at $1.6050. The dollar is just above ¥108.0 against the yen. There was also little notable price action in the EM...

1) India’s equity index continues to outperform following Prime Minister Modi’s decision to end fuel subsidies on diesel 2) On Friday, Moody's cut Russia by a notch to Baa2 and kept the outlook at negative 3) Russian state oil company Rosneft is...

As Japan seeks to diversify its investments beyond China, an opportunity arises for Vietnam to attract greater international investment. As Japan seeks to diversify its investments beyond China, an opportunity arises for Vietnam to attract greater international investment.Over the past...

Last week's drama was not the beginning of something as the pessimists and cynics would have it.  Our inclination that it was the end of something--that the pendulum had swung unreasonably far unreasonably quickly--is panning out    Last week's drama...

‘Womenomics’ is a key pillar of Prime Minister Shinzo Abe’s economic growth strategy. In 2013, just 64 per cent of Japanese women aged 15–64 were participating in the labour force — a low rate by OECD standards. As Japan’s labour...

Despite having won the president and vice-president posts respectively, Joko Widodo and Jusuf Kalla will possess little control, if at all, on the formulation of the next Indonesian budget for fiscal year 2015–16. One particular issue that concerns the new...

Emerging market assets have started off the week mixed, with few clear signals to follow. The major currencies also appear directionless at the moment; though eurozone flash PMIs on Thursday could help put the spotlight back on weakness there.As long...