Equity markets appeared at times to be detached from reality as they rebounded strongly during the second quarter.

We provide our macro outlook for the second half of 2020.

Our Real Return team considers the investment backdrop.

How is the pandemic changing global trends?

How will Covid-19 shape the post-pandemic investment landscape?

We assess how US-dollar strength will affect the global economy as it starts to recover from the pandemic.

We assess some potential consequences of the pandemic, and how they may play out in the global economy.

Our Real Return team considers the investment backdrop.

In 2015 American philanthropist Bill Gates warned of the potential threat a pandemic posed to the global economy.

We assess the potential impact of an unprecedented US fiscal stimulus package on markets.

We analyse the impact of Covid-19 on global bond markets in anticipation of the next stage.

Coronavirus-induced volatility continues to plague markets, but are there some tentative early signs of recovery?

How does the spread of coronavirus affect the global investment outlook?

Our Real Return team considers the investment backdrop.

The Roman god Janus is a fitting metaphor for an investment backdrop characterised by uncertainty and opposing views.

How can pension schemes and asset managers keep up with a disruptive and fast-moving investment backdrop?

What does the general election result mean for the UK market?

How the spending pledges from the two main political parties could affect the UK gilts market.

Does recent US Federal Reserve activity hint at what lies ahead for US monetary policy?

Our dynamic thematic framework helps identify structural growth opportunities created by rapid urbanisation.

How can investors thrive in a world defined by disruption?

Our Real Return team considers the investment backdrop.

While the world celebrated the anniversary of the first manned Moon landing, investors couldn’t make a giant leap.

Boris Johnson has embarked upon a radical but controversial Brexit strategy.

We assess the latest developments as the UK moves closer to the 31 October Brexit extension deadline.

What could Boris Johnson’s victory mean for the UK’s gilt and currency markets, and future Brexit strategy?

With financial markets threatening to bounce the Fed into a fresh easing cycle, we give our perspective.

Scientists have revealed the first image of a black hole. The gravitational forces of policymaking have reasserted themselves.

Our Real Return team considers the investment backdrop.

Major demographic shifts will have pronounced implications for economies and investors.

As tariffs are hiked again, where does the US-China trade war go from here?

Modern Monetary Theory is gaining traction among policymakers, but what are the possible consequences for investors and markets?

Political uncertainty could create short-term instability for Spanish bond spreads, but will it last?

A new ‘post-globalisation’ era may have major implications for investors.

With consumer price inflation remaining subdued despite extreme monetary policies, should investors still worry about inflation risk?

What are the investment implications of the World Bank’s key charts of 2018?

Amid another tumultuous week, the outcome of the UK’s Brexit negotiations look even murkier.

The Irish and UK prime ministers are experiencing contrasting fortunes as Brexit negotiations rumble on.

As the bond-market cycle clock ticks on, we offer our outlook for 2019.

We assess the prospects for global equities in 2019

With a decade of financial excess now behind us, the risks appear skewed to the downside.

The UK Prime Minister’s emphatic Brexit vote loss last night raises more Brexit questions than it answers.

Theresa May’s crushing Brexit deal defeat appears relatively meaningless compared to what might happen next.

Our recent conference panel session looked at where markets are heading against an ever-shifting backdrop.

Trade confrontations may dominate the headlines, but deeper structural concerns are driving market movements.

A continuing budget dispute is leading to renewed speculation over an Italian exit from the EU.

Can the US equity market continue its stellar performance into 2019?

Are Turkey’s travails a precursor of worse to come for the global financial system as quantitative tightening starts…

With populations ageing all over the world, economies are shifting rapidly. What should you know as an investor?

China recently signalled a shift towards short-term economic growth by loosening monetary policy. Will this stimulate global reflation?

How US monetary policy affects different sectors of the bond market at different times.

We evaluate the current inflationary backdrop through the lens of our ‘fire risks’ investment theme.

The technology sector is booming, but memories of the dot-com bubble may leave investors nervous. What’s really going…

With the FIFA World Cup fast approaching, can Russia sustain an economic recovery after its deep recession?

The rise of the middle-class consumer and its implications for investors.

What are the consequences of the increase in short-term contracts and freelance work for inflation and bond markets?

Improvements sparked by the advent of the plough help to inform our view that trade wars produce no…

The eurozone appears to have weathered various crises, but it may not be out of the woods yet.

Why improving gender equality has a host of potential macroeconomic benefits.

Analysing the investment landscape against a backdrop of rising interest rates.

A global trade war could fuel rising inflation and renewed volatility.  

Is the close of an ex-rapper’s cannabis venture capital fund a sign that points to the top of…

Why we think this cycle has a significant chance of ending with a bang rather than a whimper.

While many argue against the current economic cycle being a rerun of the last, we beg to differ.

Have we seen an extended cyclical bull market or sustainable secular expansion?

With Italy’s election result highlighting growing political and economic divergence, Europe’s growth outlook remains challenging.

A look at the canine characteristics of the world’s leading central banks.

Why the latest court ruling on Brazil’s former president could spell good news for its economy.

The structural growth story in global Chinese tourism could run for decades.

What lies ahead for global equity markets in 2018?

Where are opportunities for flexible fixed-income investors likely to arise in 2018?

In spite of housing and productivity initiatives, the UK’s Budget was overshadowed by a significant downgrade in growth…

Cautious messaging around the much-anticipated UK rate rise puts the focus squarely on the health of the economy.

How prepared are governments for the ageing of their populations?

Is it time for central banks to disregard CPI as a guide for determining monetary policy?

As central banks start to withdraw liquidity support, can risk assets continue their strong run?

Despite talk of a UK economic slowdown, the picture appears more mixed than outright negative.

Has a long-held central-bank assumption on what triggers inflation become obsolete?

What approach should investors take while awaiting more certainty on monetary policy direction?

High hopes of a President Trump-sponsored injection into global growth have taken a hit.

What could the UK’s hung parliament mean for Brexit and fixed income markets?

Strong markets and data point to confidence in economic recovery, but scratch the surface and a darker picture…

A slowdown in credit is cause for concern for a US economy increasingly dependent on debt for economic…

There is much at stake for the UK and EU as Theresa May rings the starting bell for…

How income inequality could be a guide to future political risk.

EU leaders will view the Dutch election result with relief, but the bloc’s future success remains far from…

Are many of the recent positive US economic indicators based more on expectations than reality?

Despite a growing belief that sustained global inflation may be on the cards, hurdles still remain.

Many investors appear to believe Donald Trump can deliver a Reagan-like reform agenda, but change will not be…

The pressure continues to pile up on Italy's banking sector.

15 snapshots of our 2016 investment conference

While Trump’s election campaign championed the working poor, his election might have big implications for globalisation and investors.

There are growing political and economic signs that the latest period of international cooperation is starting to unravel.

Second-guessing the next US administration’s policies is tough, but bond investors can take some precautions.

Why ‘2’ may not hold the magical properties central bankers believe it does.

The market’s addiction to monetary stimulus is growing, while the capabilities of central bankers are being stretched to…

There are signs that the monetary policy regime of the last 30 years could be nearing its conclusion.

Could the scale of US household wealth leave investors vulnerable?

Despite the palliative of loose monetary policy, the challenges of the global debt burden remain.

Politicians may well turn to fiscal stimulus – financed by central banks – to fight economic weakness.