Policy
Global risk assets are engulfed in a wave of euphoria, which is pulling Europe higher along the way. However, risks still abound. How should investors adjust their allocation to Europe under these highly uncertain conditions?
The Bank of Japan hiked rates by 25 bps as expected to 0.50%, or a 17-year high. The BoJ is currently the only G10 central bank in a hiking cycle, as the hot labor market creates sustained domestic price pressures. Additionally, the BoJ signaled a…
Our Chart Of The Week comes from Mathieu Savary, Chief Strategist of our European Investment Strategy service. Mathieu investigates why President Trump started his global trade offensive with an attack on Canada and Mexico, the US’ two closest…
Until recently, Canada had been flying under the radar, yet it presents an interesting macro case. The Bank of Canada hiked rates in lockstep with the Fed, but it began cutting earlier due to a more fragile Canadian economy. Domestic and international…
November/December UK employment data was mixed. The November unemployment rate rose 0.1% to 4.4%, in line with expectations. Payrolled employees decreased faster than expected at a 47k pace in December, surpassing the 35k contraction in November. However,…
The December Canadian CPI was roughly in line with estimates, with headline inflation ticking down to 1.8% y/y from 1.9% in November. The BoC’s core inflation measures, median and trim, also decreased from 2.6% to 2.4% and 2.5%,…
Our Emerging Markets strategists put together a hypothetical conversation between President Trump and Treasury Secretary nominee Scott Bessent on what economic policy would look like for the Trump 2.0 administration. Secretary Bessent is expected…
There is no better way to gauge the macro policies of the new US administration than being privy to President Donald Trump’s discussions with the new Treasury Secretary, Scott Bessent. While we do not have inside information, we have put the pieces of the puzzle together to help clients see the big picture. This report presents our take on a hypothetical conversation between President Trump and Scott Bessent that led to the latter’s appointment as Treasury secretary.
Our US Bond Strategy team put out a Strategy Insight outlining the value they see in the Treasury market. The recent rise in Treasury yields reflects increased inflation uncertainty and a higher term premium. Treasury yields now offer an attractive…
US Tariffs Will Rise On Day One (Or Week One)
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