11 November 2019 Easy monetary conditions have fueled the global equity index to an all-time high. Looking forward, key market risks centre on the likelihood of a 2020 global recession, the possibilty of a trade deal between the United States and China, and political risks, especially as US and UK voters go to the polls. [...]
12 July 2019 Global equity markets are at (or approaching) all-time highs. What's not to like? In particular, the US market has been buoyed by the Sino-US trade truce achieved at the Tokyo G20 meeting, the prospect of Federal Reserve interest rate cuts, and solid employment gains. Indeed, our year-end 2019 S&P 500 target of [...]
18 May 2018 Despite frenetic diplomatic efforts, including the evident bonhomie between Presidents Macron and Trump, the United States has withdrawn from the Iran Nuclear Deal (JCPOA). The world awaits details of America's new approach to confronting Iran's nuclear ambitions and its aggressive regional political behaviour. The Trump Administration has announced already its intention to [...]
4 May 2108 In April 2016, Saudi Crown Prince (Deputy at the time) Mohammed bin Salman (MBS) announced his Saudi Arabia 2030 economic strategy. The ambitious plan has two major objectives. First of all, the collapse in oil prices after 2014 requires a major overhaul of Saudi fiscal policy to reduce the huge budget deficit. [...]