With Article 50 set to be triggered, we consider the options for a new UK-EU relationship. We can use game theory to try and assess which outcome is most likely based on the signals that both parties are sending at present.
The container shipping sector has been through a tough time as overcapacity and stuttering demand sent freight rates plummeting. However, the structural and cyclical outlook for the sector looks more encouraging.
Emerging Market Debt
While we are seeing a broad-based upswing in emerging market growth, inflation trends are moving in different directions. This will have important implications for monetary policy settings that we do not think are fully reflected in asset prices.
There has been significant change in the governance environment in Japan, driven by a desire to revitalise the economy and push companies to improve capital efficiency.
Emerging Market Credit
Following President Trump’s election, many assumed that a stronger dollar and risks around trade policy would be negative for emerging markets. However, the underlying picture is more nuanced and we have seen a recovery from the initial sell-off.
The Australian economy has remained remarkably immune to a stuttering global economy since the financial crisis. However, it still faces challenges both at home and abroad, even in the midst of a global cyclical upturn.