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The Business Times

Marcus Ashworth

If experience over the last decade holds true, a too-strong euro is the last thing the euro area needs.
THE BOTTOM LINE

A strong euro isn’t what the doctor ordered

Global equities are in rude health, government bond yields are becalmed and oil is trading in line with its five-year average. The dollar is the only casualty, losing ground against all of its peers in the past six months

Markets are learning to keep calm and carry on

A trader working on the floor of the New York Stock Exchange. Recent ructions in US Treasuries mostly reflect a well-functioning machine clearing out a well-documented excess of leverage, says the writer.

There isn’t a practical alternative to US Treasuries

The ECB has so much hard work ahead if the euro area is to avoid another grim downturn.

For ECB rate cutters, the music is as important as the words

The Chancellor of the Exchequer Jeremy Hunt needs to intervene, if the FCA doesn’t backtrack. Otherwise, the UK will move out of step with other global regulators by holding UK firms to overly stringent oversight.

London watchdog’s name-and-shame plan is mad, bad and dangerous to the City

The Bank of Japan is ahead of the game, signalling this week that less emphasis will be placed on ensuring its medium-term inflation outlook has to be 2 per cent.

Central bankers’ 2 per cent inflation target regime should now be retired

The UK economic backdrop is becoming increasingly benign.
WEALTH & INVESTING

Sterling assets offer lucrative places to hide

The sharp appreciation of the US dollar through 2021 and much of last year caused a lot of problems in developed and developing countries alike; they will be thankful for the respite as the value of the greenback eases.  
THE BOTTOM LINE

The US dollar’s coming slide will be welcomed by the world

Investor demand for high-quality debt is not being scared off by higher European Central Bank rate expectations.
THE BOTTOM LINE

Companies are paying to play in inverted debt markets

Fed chair Jerome Powell made clear that the impact of 450 basis points of tightening since March will have a lagging negative impact on the economy, adding that he sees signs of disinflation.

Bond yields are jumping at US Fed phantom shadows

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MDDI (P) 046/10/2024. Published by SPH Media Limited, Co. Regn. No. 202120748H. Copyright © 2025 SPH Media Limited. All rights reserved.

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