APAC CIO View

Exploring the IP Playbook: From Japan to China

China’s trade thrives beyond the U.S.

Despite falling U.S. demand, China’s exports grew—thanks to emerging markets. But transshipment clauses in Asian countries’ trade deals with the U.S. may pose risks

A truce between two trading giants

As the preliminary deal with the European Union shows, Trump’s trade policies increasingly look like solutions in search of non-existent problems.

Weakening dollar, the start of a trend?

Despite recognizable parallels with developments under the 1985 Plaza Accord, concerns about a very rapid and excessive decline in the U.S. dollar seem exaggerated.

Brave new energy world

The changing balance of power between the world’s leading oil producers helps explain some of the recent oddities happening in global financial markets.

First cracks in the dollar's dominance

By: Vincenzo Vedda

It’s the global reserve currency, a perceived safe haven and a vital unit of account for international trade – a lot is at stake.

Data centers drive U.S. electricity demand

After years of stagnation, digitalisation is leading to a significant increase in electricity demand

APAC CIO View

Japan’s Retail Market in 2025: Balancing Tourism, Currency Fluctuations, and Strategic Consolidation

Americas CIO View

Revisiting R^: How does the fiscal deficit affect the neutral Fed Funds rate?

Will there be a U.S. debt crisis?

A look at the risks that the U.S. debt trajectory could become dynamically unstable

No massive sell-off of U.S. securities

Foreign investors reduced their holdings of U.S. assets in April, but only to a very small extent

Critical minerals at the center of geopolitical tensions

Competition for raw materials vital for the energy transition is intensifying

Japanese bond yields have risen sharply

We believe that fears of JGB weakness spreading to other government bonds appear to be exaggerated.

Still constructive

Cautiously optimistic: Our forecasts for the next 12 months

Americas CIO View

Foreign investors rethink US assets, but the S&P 500 is global and digital