Why a US debt deal may only provide short-term relief for markets
Good news of a tentative deal for the US debt ceiling impasse may quickly turn out to be bad news for financial markets. US President Joe Biden and top congressional…
Markets are turbulent but Italy is unusually stable
Italian government bonds, usually among the first to be dumped by panicky investors when a global crisis takes hold, have been absent from the maelstrom sparked by the recent banking…
As banks shake, markets hear the sound of peaking rates
Investors scrambled to pull down global rate expectations on Monday and abandoned bets on the Fed upsizing its rate hikes next week, reckoning the biggest American bank failure since the…
Markets bracing for ‘no landing’ world economy scenario curb risk appetite
Markets, bracing for a “no landing” scenario where global economic growth is resilient and inflation stays higher for longer, are dialling back appetite for both risk assets and government debt.…
Misplaced mercantilism and the case for domestic markets
We are being told that the economy of Pakistan is in absolute free fall. Allegedly, the dominos of economic doom are in motion, and despite all our countless stopgap measures,…
Investors look to emerging markets as planets align for end of dollar bull market
As the US dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from a sustained reversal in the greenback. The MSCI International Emerging…
Blackstone REIT restriction a possible warning sign for markets
While there has been little wider fallout from this week’s surge in redemption requests at an unlisted Blackstone real estate income trust (REIT), it is being read by some as…
China’s markets clutch at economy reopening straws
Rumours of a possible end to stringent Covid-19 lockdowns have sent China’s stock markets flying this week despite the lack of any announced changes, showing how desperate investors are for…
Under water: how the Bank of England threw markets a lifeline
Calls to the Bank of England saying some British pension funds were struggling to meet margin calls began on Monday. By Wednesday they were getting more urgent and coordinated. Wild…
Embattled emerging markets face fresh pain from US rate hikes
The prospect of US interest rates climbing to levels last seen in the run-up to the global financial crisis has cast a fresh pall over emerging economies that have battled…
