Stock markets continued to strengthen as economies re-open but have yet to retest last Thursday’s highs. The unrest in the US is not likely to have a material impact on equity markets in the near term, largely because of the large-cap weighting, but we should caution that it has the potential to delay the economic […]

The Bank of Japan begins its two-day policy meeting today with expectations that it is anticipated to take the policy rate up to 0.5% by Friday, marking the highest short-term borrowing costs in 16 years.

European stocks rose early on Thursday despite a soft session in Asia and a decline on Wall Street after Federal Reserve meeting minutes pointed to the central bank taking a very cautious approach to rate cuts this year.

Fading Middle East tensions and a US-China trade deal so close you can smell it helped lift the three major US indices to record highs yesterday. The Dow rallied 200pts and got within 12pts of breaking the 29k level. Overnight futures prices have ramped higher, taking the Dow through this level and indicating it could […]

GPs will be paid more to do what they used to do before the pandemic, like see patients face to face. This is what dislocation and the ‘new normal’ looks like: same service, costs more. That’s one of the reasons why inflation is not going to be as transitory as central bankers have been telling […]