10 September 2026
Major developed economies are increasingly devoting substantial resources to servicing sovereign debt, challenging the assumption that developed market government bonds are inherently lower risk. In…
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The new government led by Mr Burnham has raised Labour’s poll ratings a little and has revived media interest in what changes it might put through. Both the voters…
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World Market Summary
The odyssey continued for market participants in July, as the weak seasonality of the summer months continued to be the Achilles’ heel for market momentum, with…
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31 July 2026
The Federal Reserve did not raise interest rates this week. The bond market tightened policy anyway.
The Federal Open Market Committee left the federal funds rate…
30 July 2026
Microsoft’s recent results have reignited an important debate among investors: does the company’s aggressive artificial intelligence investment represent exceptional long-term vision, or excessive capital allocation?
The question matters…
The EU seeks more defence as it struggles in a hostile world
29 July 2026
The Irish Presidency of the EU runs for the second half of 2026. It…
28 July 2026
Climate change is no longer a distant environmental concern; it has become a material macroeconomic risk that is eroding fiscal resilience and destroying billions of dollars of…
27 July 2026
A busy week for markets lies ahead, with key central bank meetings including the Fed (Wed), BoE (Thu) and BoJ (Fri). We also have the release of…
24 July 2026
For most of the past two years, investors have treated the US bond market as an extension of Federal Reserve policy. Inflation would fall, growth would slow,…
23 July 2026
Alphabet has just delivered the paradox defining this AI cycle: exceptional growth alongside a near $6 billion free cash flow deficit for the quarter.