News & Insights

Outlook Post Trump Victory

Outlook Post Trump Victory

The extent of the victory by former President Trump was not expected but financial markets have been discounting a Trump victory since the end of September. Some of the rise in US 10-year bond yields last month (from 3.79% to 4.28%) were a reflection of that trend....

Risks posed by holding cash as interest rates fall

Risks posed by holding cash as interest rates fall

For professional investors INTRODUCTION Inflation has weighed heavily on investment markets for a prolonged period. Central Banks have waged a war against inflation and victory appears imminent as we have seen the most recent inflation readings signalling inflation is...

Economic outlook: US and Europe taking divergent paths

Economic outlook: US and Europe taking divergent paths

The US economic momentum has eased, but the data is consistent with a soft-landing. The labour market is gradually cooling, though monthly nonfarm payroll continue to defy expectations. However, the broader employment data and survey evidence suggest the Federal...

ANDPAPERS Q3 2024 | Cautious easing cycle begins

ANDPAPERS Q3 2024 | Cautious easing cycle begins

The first half of 2024 saw a gradual deceleration in economic growth across the western world. In the US, concerns about overheating (which had emerged towards the end of Q1) diminished, and hopes for a soft landing revived. In Europe, momentum remained positive as...

Navigating inflation in 2023

Navigating inflation in 2023

In the second half of 2023, there was a significant drop in both headline and core prices across most economies, although a bumpier ride in the first half was inevitable and US inflation has surprised marginally on the upside over the past couple of months. However,...

Economic forecast: US optimism vs. European concerns

Economic forecast: US optimism vs. European concerns

The economic performance in the US has been encouraging, with indicators pointing towards a soft-landing scenario - robust job growth, continuing support from fiscal policy, higher real income growth (largely a function of lower inflation) and a positive wealth impact...