Weekly markets 31 08 20260:00/481.71972789115651× Japan takes centre stage this week, as the yield on its 10-year bond broke above 3% for the first time since 1996, rattling the Yen and stirring fears about carry-trade unwinds that could ripple through global markets. We unpack why
Weekly markets 24 08 20260:00/580.33487528344681× The Treasury's bond buybacks take the spotlight this week, an attempt to cap long-term borrowing costs that Citadel is calling "financial repression." The move has weakened the dollar and lifted gold, without doing much to hold down
Weekly markets 17 08 20260:00/514.69206349206351× Europe's brutal summer takes centre stage this week: five heatwaves and record heat, linked to over 25,000 deaths, are on track to wipe out almost all of the EU's expected 1.1% GDP growth this year. We
Weekly markets 10 08 20260:00/478.701133786848061× China is opening up its capital markets to close the tech gap with the US, with $217bn raised through Chinese IPOs and bond sales over the past two years, tapping into $26 trillion of household savings and funding tech firms at coupons
Weekly markets 03 08 20260:00/531.68907029478451× The Strait of Hormuz blockage is now visible from space: satellite images show 60% of Asia saw abnormal nighttime power declines since the Iran conflict began, hitting poorer countries like Cambodia, Bangladesh and Pakistan hardest as gasoline costs surge and the region&
Weekly markets 27 07 20260:00/476.49523809523811× Central banks lined up to hold rates this week: the ECB at 2.25%, the Fed for a fifth straight meeting, the Bank of England at 3.75%, all wary of Brent crude's brief return to $100 a barrel after
Weekly markets 20 07 20260:00/603.92634920634921× New Fed chair Kevin Warsh is breaking with decades of central bank tradition by refusing to give markets forward guidance, a bet that's dividing Wall Street just as US federal debt is set to overtake GDP for the first time
Weekly markets 13 07 20260:00/500.226031746031771× America's grip on global finance is starting to slip and treasury secretary Scott Bessent admits dollar access is "no longer unconditional", as Europe, China and India race to build rival payment rails, a shift that could erode Visa
Weekly markets 06 07 20260:00/563.19854875283441× Wall Street's earnings optimism is starting to look like a bubble this week — Bloomberg data has S&P 500 profit growth forecast at 25% for the coming year, but Capital Economics and UBS both warn AI-related capex assumptions
Weekly markets 29 06 20260:00/449.188571428571441× Sovereign wealth funds are quietly ditching public equities for private markets this week — Invesco's survey of 90 funds worth $17.2tn found 17% planning to cut listed equities while up to 35% pile into private equity, credit and infrastructure, chasing
Weekly markets 22 06 20260:00/466.67319727891161× Keir Starmer has resigned as Prime Minister, with Andy Burnham stepping in after winning the Makerfield by-election. The bond market took the news well, with yields on 2, 5 and 30-year gilts all ticking down. In the US, SpaceX has
Weekly marker 15 06 20260:00/416.12335600907031× Central banks just diverged for the first time since the Iran war began — the ECB and BOJ hiked 25 basis points, while the Fed and BOE held steady as Kevin Warsh settles into the chair. The split reflects how differently the Eurozone,