The U.S. elections and a Covid-19 vaccine breakthrough have provoked an upheaval in capital markets. Euphoria prevails, with foreseeable pitfalls.
Fiscal stimulus is likely to be more limited than under a Democratic landslide
By: Ulrike Kastens
Risks tilted to the downside, paving the way for more stimulus in December
Covid-19 infection rates are on the rise again. So, why have growth forecasts become more optimistic? Trends in service-sector sentiments suggest some answers
By: Christian Scherrmann
By: Johannes Müller
Looking good for Democrats – don't count out the underdogs, though