7/11/2022 Economy & Markets False sense of security from easing energy prices Natural gas prices have plunged since their summer peak, supported by ample stocks and by the EU emergency measures.
7/11/2022 Economy & Markets For the Fed, the impossible QT The Fed has started shrinking its balance sheet as part of its fight against elevated inflation.
4/11/2022 Cross Asset Research Cross Asset Investment Strategy - November 2022 Find the latest edition of our Research team's monthly publication.
12/10/2022 Economy & Markets Macroeconomic Picture - October 2022 Macroeconomic Picture by area and Macro and Market forecast.
12/10/2022 Economy & Markets Market Scenarios and Risks - October 2022 We maintain the content and probabilities of our scenarios. Note that some of the risk factors we identify may occur in our central scenario, which is...
12/10/2022 Economy & Markets Too early for a Fed pivot The flattening of the US yield curve will depend on the persistence of core inflation and on the impact of monetary tightening on growth.
12/10/2022 Economy & Markets TLTRO in the context of ECB policy normalisation TLTRO repayments and redemptions will drive incoming ECB passive QT over the next few quarters.
12/10/2022 Economy & Markets United States: a green industrial policy in the making The US Congress’s August approval of the Inflation Reduction Act (IRA) came as a surprise to most observers. With the mid-term elections just months away...
11/10/2022 Cross Asset Research Cross Asset Investment Strategy - October 2022 Find the latest edition of our Research team's monthly publication.
12/09/2022 Economy & Markets Macroeconomic Picture - September 2022 Macroeconomic Picture by area and Macro and Market forecast.
12/09/2022 Economy & Markets Market Scenarios and Risks - September 2022 We have reviewed the content and probabilities of our scenarios. First of all, we have included in our central scenario some of the risks that are materialising...
12/09/2022 Emerging Markets LatAm elections cycles wrapping up: politics and policy tran... LatAm’s dramatic elections calendar that landed three leftist presidents in the Andean region might be two-thirds over, but the political and policy uncertainty...
12/09/2022 Emerging Markets Taiwan: depicting the unthinkable Russia’s recent invasion of Ukraine has focused investors’ minds on the Taiwan issue and the People’s Republic of China’s potential approach to it.
12/09/2022 Economy & Markets Rational inattention at the core of central bank strategy The origins of inflation are not always well understood. While some economists had warned of impending inflation as early as last year, few had anticipated...
9/09/2022 Cross Asset Research Cross Asset Investment Strategy - September 2022 Find the latest edition of our Research team's monthly publication.