How should credit investors navigate such an uncertain backdrop?
Fast reading Uncertainty stemming from the Republican administration’s economic policy has undermined confidence in capital markets. Credit ratings agency Moody’s has downgraded US sovereign debt to Aa1 from Aaa, for the first time in over a century. Notwithstanding a reset on tariffs with China, many market drivers – for lenders, borrowers and investors – are […]
What word best encapsulates the current economic environment?
Video transcript The word that best describes economic conditions right now has to be ‘uncertainty’. We hear it frequently on earnings calls from investors and across the capital markets, from all participants. By way of evidence, we searched the word uncertainty in the Fed’s ‘Beige Book’. The ‘Beige Book’ is a summary of economic conditions […]
Oil prices stop making sense
For the past few years, the expanded group of oil producers known as OPEC+ have tried collectively to stabilise crude prices by lowering production in order to dampen price volatility to the downside. But because several members of the wider cartel have different and conflicting fiscal and external financing priorities, efforts to limit output have not […]
Can Argentina reboot its crisis-ridden economy?
EMD report Q2 2025
Stocks soar on US-China tariffs pause
market snapshot
Sticks and stones
It was only a matter of when, not if, the White House would harass the Federal Reserve again. Chair Jerome Powell got a short respite as President Donald Trump reiterated he doesn’t intend to fire him, despite constantly demanding lower interest rates. After the Federal Open Market Committee (FOMC) announced yesterday it had held rates […]
Fixed income: New challenges for the easing cycle
2025 Outlook
Will the equities rally continue in 2025?
2025 Outlook
Whatever it takes 2.0
Fast reading ECB points to elevated debt levels and budget deficits as cause for concern. European Commission downgrades growth forecasts on tariff fears and a weakening manufacturing sector. Uncertain political environment could fuel future volatility. As the dust began to settle on the US election result, investors’ concerns this week turned to Europe and the […]
