insights.

China still offers portfolio diversification and its economy is enjoying macroeconomic support. We look at the risks, and our preferences in Chinese financial assets.

Markets remain focussed on small US banks’ health. Tighter regulation is likely, and it will affect US banking profits.

A technical US default remains unlikely, but the consequences would be so dramatic that it deserves investors’ attention. We look at the possible, and likely scenarios.

Where will the Fed and ECB go from here – and what impact will banking turmoil have?

Has inflation shifted the monetary policy paradigm? Probably not. We set out our expectations for long-term inflation, and the way central banks steer economies.

Do equity investors have their heads in the sand?

We have raised our target price for gold. The precious metal is reacting to economic worries, geopolitical risks, and reflecting expectations that interest rates are close to peaking.

Friend-shoring is re-shaping global supply chains. We see five potential emerging market winners.