Frank Kelly’s Geopolitical Week Ahead | December 14, 2025

By: Francis (Frank) J. Kelly

Europe steps up efforts for a Ukraine peace deal, Russian President Putin holds his annual call-in show, Chile holds its presidential election runoff, and EU and major central banks meet on interest rates

Frank Kelly’s Geopolitical Week Ahead | August 31, 2025

By: Francis (Frank) J. Kelly

Trump’s tariff deals in doubt.

Frank Kelly’s Geopolitical Week Ahead | August 3, 2025

By: Francis (Frank) J. Kelly

Trump threatens greater sanctions on Russia while sending an envoy to talk with Putin and nuclear subs off Russia’s coast, the tariff wars intensify for some countries, and the Bank of England decides on rates.

Frank Kelly’s Geopolitical Week Ahead | August 17, 2025

By: Francis (Frank) J. Kelly

Trump hosting an extraordinary meeting with Ukrainian president and six European leaders, Israel poised to approve a controversial new West Bank housing plan, China seeks a deal with India on their border dispute, and global central bankers converge on Jackson Hole.

Frank Kelly’s Geopolitical Week Ahead | April 19, 2026

By: Francis (Frank) J. Kelly

From rapidly shifting signals over peace talks and a fragile ceasefire deadline, to European policy coordination and a pivotal Fed Chair confirmation, we outline what’s on the geopolitical agenda—and what markets are watching this week.

Frank Kelly Special | July 7, 2025

By: Francis (Frank) J. Kelly

One Big Reconciliation Bill done. Two more to go?

Frank Kelly | The cost of the Jay Powell investigation

By: Francis (Frank) J. Kelly

Following the shock report that the U.S. Justice Department launched a criminal investigation of Federal Reserve Chair Jay Powell over renovations of the Fed’s headquarters, we see several important results that could be of concern to 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.

Female Finance: the benefits of diversity

How and why we still need to do more to get more women into finance, encourage more women to invest and improve education about gender, diversity and finance.

Europe’s time to shine

The Trump administration's frontal assault on global trade will not spare Europe. But the main victim could be the U.S. stock market, not least because of the high valuation gap between the U.S. and Europe. Together with the reform of the German debt brake, this makes Europe's equities relatively interesting.

EUR/USD rate is caught in a sideways trend

The euro may need fresh impetus from Europe to gain further momentum

Energy shocks fade. Their echo does not.

When prices jump, households adjust fast. Their expectations do not.

Does the Fed’s balance sheet have a price tag?

Even a quieter, less interventionist Fed would only shrink its footprint very cautiously. Partly this reflects changes to the financial plumbing in recent decades.

Data centers drive U.S. electricity demand

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

Critical minerals at the center of geopolitical tensions

Competition for raw materials vital for the energy transition is intensifying