Overview: After several attempts, the euro has pushed above $1.22, and the Australian dollar has surpassed $0.8000 as the greenback remains under broad pressure against the major currencies. Rising yields in the US and Europe have sapped many of the...

It has been three months since the IMF's statement on the commencement of formal programme negotiations, when we warned there was still a long way to go, and indeed, not much has changed. Delaying an IMF agreement, however, also allows economic imbal...

Furthermore, the measurement of values, such as respect for human rights or democracy, is fraught with subjectivity and lack of consistency. Agreement on which values matter most – eg are the following equally important? The link between economic gro...

Overview: Rising rates continue to spur a rotation and retreat in stocks. European yields are 3-4 bp higher after staging a sharp recovery following comments yesterday from ECB President Lagarde warning in effect, the central bank stands ready to res...

Brazil equities fell c5% and the FX rate fell c2.5% in response to the news. We are under no illusions about the negative signals sent by the change at Petrobras (we list these below) but we also argue that commodity prices should be tailwind for the...

Ecuador's national electoral council (CNE) confirmed yesterday that conservative banker Guillermo Lasso came second in the first round of the country's presidential election vote on 7 February and will therefore progress to the second round. He will...