Yesterday evening, the central bank of Mexico (Banxico) hiked its policy rate by 25 bps to 8.00%. This is the highest level since December 2008. The decision was in line with the consensus. One voting member voted for a 50 bps rate hike.Read Now
Yesterday, the UK and the EU agreed on the terms of a withdrawal agreement, which UK Prime Minister (PM) May presented to her Cabinet, gaining only a majority approval.Read Now
Global risk sentiment has become more fragile amid global trade tensions, soaring US yields and Italian budget uncertainties, with equities suffering a sharp setback in early October.Read Now
Yesterday, the Italian government replied to the European Commission’s (EC) remarks on the 2019-21 budget plan. No material concession was offered, as both deficit targets and growth assumptions remained unchanged.Read Now
Japan’s GDP growth dropped predominantly due to natural disasters. Apart from a negative inventory contribution, all major demand components showed negative readings.Read Now
The midterm election delivered a split Congress, with the Democrats getting the control of the House of Representatives and the Senate remaining in Republicans’ hands.Read Now
Edited by the Macro & Market Research Team. The team of 17 analysts based in Paris, Cologne, Trieste, Milan and Prague runs qualitative and quantitative analysis on macroeconomic and financial issues.
The team translates macro and quant views into investment ideas that feed into the investment process.