Lula’s embrace of new Brazil central banker has markets wary
After months of rancor, ties between President Luiz Inacio Lula da Silva and Brazil’s central bank look poised for an era of sweetness and light - which is precisely what…
How a hedge fund exodus reshaped global cocoa markets?
Behind a record surge in cocoa prices this year, a corner of financial markets that drives the cost of chocolate underwent a seismic shift: the hedge funds that oiled its…
Is Goldilocks gone? Emerging markets face uncertain path under Trump
Investors hoping for a “Goldilocks” moment for emerging markets in 2025 following years of global interest rate hikes are grappling with significant uncertainty ahead of Donald Trump’s impending return to…
German government collapse could have silver lining for Europe’s markets
The collapse of Germany’s government could have a silver lining for the euro zone’s ailing economy with potentially higher spending likely to support its currency and stock markets, even if…
For Europe’s markets, Trump’s return spells euro pain but bond gains
Investors are bracing for further economic pain in Europe that could deepen euro losses and hurt its stocks, as a second Donald Trump presidency raises the prospects of hefty tariffs.…
For markets, jury still out on French belt-tightening plan
Markets are tentatively optimistic France’s budget may eventually pass through its fractured parliament, but remain sceptical about how quickly the country can tidy up its finances just as rating reviews…
Why financial markets matter
A well-developed financial system comprising dynamic capital markets and a robust banking sector is considered a critical driver of investment, productivity, and sustainable economic growth. Here, I discuss how the…
Bond investors bet UK’s Reeves will avoid testing markets at budget
Britain’s borrowing costs have risen before the new government’s first budget, which could open the door to a big rise in debt sales - but investors are not betting on…
Bond markets face a reckoning after stellar summer run
Government bond markets, which have enjoyed a summer of solid price gains, now face a reckoning with their bets for speedy central bank rate cuts and slowing inflation, not to…
Biggest month of bond supply to test markets as rate cut bets fade
Global bond markets face the biggest amount of net sovereign issuance so far this year in June, just as economic data throws rate cuts into doubt, testing investors’ so-far strong…
