Japanese bond yields have risen sharply

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

Inflation: here to stay?

By: Björn Jesch, Martin Moryson

The Long-Term Inflation Prospects

How recessions affect earnings per share

In addition to the severity of the recession, inflation will be an important factor during this phase.

High rates, high stakes

Brazil’s central bank looks set to remain hawkish. Structural reforms following next year’s elections could help unlock the country’s potential.

Gold-oil ratio at a five-year high

Does the historically high gold-oil ratio once again indicate a major macro shift?

Gold in the stress test

How the precious metal behaves relative to the S&P 500 across different market phases

Germany’s election: what should we expect?

By: Vincenzo Vedda

Germany’s government fell in November. What new government will emerge now? Will it be able to tackle the country’s big structural economic problems? And what will it mean for German financial assets?

Germany's gas storage lags seasonal average

69% capacity trails decade average as post-Russian supply model prioritizes flexibility over early stockpiling

German election 2025: Not quite a sweeping mandate

Germany has voted. Tackling the country’s big structural economic problems still looks like a daunting task.

German construction industry is divided

Although Germany’s residential construction is weak, other construction sectors, such as civil engineering and specialised construction remain robust

German Bunds with renewed appeal

They have a balanced risk/return profile and look attractive compared to U.S. Treasuries

From zero to hero?

It is still early days when it comes to judging the likelihood of success in Europe’s drive towards strategic autonomy. But there are potential promising trends, especially on energy infrastructure.

Frank Kelly’s Week Ahead | April 5, 2026

By: Francis (Frank) J. Kelly

From potential changes to quarterly reporting and rising scrutiny of prediction markets, to central bank activity and escalating geopolitical risks, we outline what’s on the regulatory and geopolitical agenda—and what markets are watching this week.

Frank Kelly’s Special Update | March 16, 2026

By: Francis (Frank) J. Kelly

The Justice Department’s decision to appeal the court’s harsh ruling quashing subpoenas as part of their investigation of Chair Jay Powell is likely to present two outcomes markets have not focused on yet.

Frank Kelly’s Geopolitical Week Ahead | September 7, 2025

By: Francis (Frank) J. Kelly

France’s government faces a tough no-confidence vote, Japan’s prime minister resigns, Brazil’s former president faces prison, the ECB meets on interest rates, U.S. crypto legislation & regulatory roundtable, and Fed nominee Miran’s surprise move.