Dec 08, 2021

The EU faces an implementation gap of six years in cutting greenhouse gas emissions from the energy sector by 2030. Decarbonizing the energy sector is crucial to achieve the net-zero target as nearly three-quarters of the EU’s total greenhouse gas emissions originate from the production and use of energy, notably from fossil fuels such as coal, oil and gas.

Dec 03, 2021

In their December policy meetings, the US Federal Reserve and the ECB will be tested on their monetary policy stance amid signs of higher inflation and rising omicron-related uncertainty. Despite the higher stakes for credible forward guidance, with the possbility of a slightly more hawkish tone, we still expect the overall tightening cycle to be less aggressive than suggested by current market pricing.

Dec 01, 2021

Global foreign exchange implied volatility has declined to a historically low level, led by advanced economies currencies (notably the EUR and the JPY). Central banks’ liquidity swaps have fostered such a decline by providing USD liquidity in times of stress. The presence of a CNY-factor in non-CNY denominated assets creates “hidden” opportunities as well as “hidden” risks.

Nov 25, 2021

China’s rapid economic development and dominant role in global trade has spurred a rapidly evolving financial system with an increasingly diverse and accessible capital market.

Nov 22, 2021

American consumers hunting for Black Friday bargains won’t find much in 2021 as supply remains tight, inventory low and discounts will apply to goods already more expensive. In fact, we expect consumers to pay between +5-17% more for toys, apparel, appliances, furniture, computers, sporting goods and TV sets compared to 2020.

Nov 18, 2021

Strong crisis support from central banks has triggered substantial inflows into corporate credit, keeping spreads anchored close to multi-year lows. But will a world without QE reverse the trend?