This G20 meeting might as well be the G2 this time around. The United States and China are the main topic, the two having hit economies across the globe with their trade dispute. Markets have long been hoping that the gathering in Osaka might provide an opportunity for presidents Trump and Xi to meet and […]

Shares in Hong Kong plunged overnight on fears a tougher stance from Beijing’s towards the territory will spark fresh pro-democracy protests, potentially leading to the kind of wide scale unrest witnessed last year. The Hang Seng slid over 5%, notching its worst daily decline in 5 years, as China’s National People’s Congress (NPC) moved to impose controversial […]

We all want a vaccine to Covid-19 to be made, but let’s not become immune to the bad data. It’s very easy to be inoculated against the collapse in economic activity because we’ve had nothing but bad news for 6 months; what you could term the ‘new normal’. Just as we are at risk of […]

The Bank of England left rates at 0.1% and, to the surprise of some, did not increase the size of its asset purchase programme. Sterling bounced back a bit after a week of losses following the decision. GBPUSD tested support at 1.23 overnight but spiked north of 1.2380 on the Bank of England’s announcement. The […]

Perhaps the single biggest question mark over the broader economic picture and the macro-outlook is one of inflation. This is the key doubt we might have about the current pace of Fed policy and its willingness to look through what it sees as temporary rises in prices. Over the next few months, we will get […]