Political data point to Macron winning French presidential election — question is by what marginFive years ago we wrote a comprehensive four-part guide to the 2017 French Presidential (and legislative) elections. It allied a…Apr 1, 2022Apr 1, 2022
Market snapshot, theatre of warSince the Russian army’s full-scale invasion of Ukraine on 24th February most equity markets, government and corporate bond yields…Mar 8, 2022Mar 8, 2022
Fed hikes not immune from equity collapseThe Fed is widely expected to hike its policy rate 25bp to 0.25–0.50% (its first since December 2018) at its meeting on 16th March, by…Feb 8, 2022Feb 8, 2022
Japanese Yen — Myths and realitiesThe Yen depreciated about 13% versus the US Dollar between 5th January 2021 (a 9-month high) — and 4th January 2022 (a 4-year low) but has…Jan 28, 2022Jan 28, 2022
United Kingdom: Inflation without benefitsConsumer demand in the United Kingdom remains modest, which we attribute to a combination of factors. These include still curtailed…Jan 25, 2022Jan 25, 2022
Light at the end of long Eurozone tunnel?The number of new daily cases of Covid-19 has remained at or near record-highs in most Eurozone countries, including Germany, France, Italy…Jan 21, 2022Jan 21, 2022
US: High inflation, rising yields, repeatThe US Bureau of Labor Statistics will release US CPI-inflation data for December today at 13.30 London time.Jan 12, 2022Jan 12, 2022
2021’s last (major) roll of the data and policy diceMarkets’ focus has in the past three weeks understandably been on the Omicron variant and the reaction function, present and future, of…Dec 14, 2021Dec 14, 2021
Don’t forget DeltaOur last FIRMS report was entitled FX round-up — Calm before the next storm (18th November 2021) and less than a week later a storm hit…Dec 9, 2021Dec 9, 2021
FX round-up — Calm before the next stormThe spike in US Treasury yield volatility last week, following the release of gangbuster US CPI-inflation data for October, partly fed…Nov 18, 2021Nov 18, 2021
