The UK government's budget announcement will need to show fiscal discipline to satisfy gilt investors, and while our baseline ...

Industrial metals extended gains in yesterday’s trading, with LME copper approaching the $11,000/t level amid a weakening US ...

The US Treasury’s semi-annual Report on Foreign Exchange Policies of Major Trading Partners (the “FX Report”) is expected to ...

This gives us confidence that annual GDP growth in 4Q25 is likely to exceed the 3.7% YoY reported in 3Q25. In 2025, we still ...

The US is spending more than 5 times as much as Europe on data centre construction. China is spending more than 3 times as much. And that means Europe risks losing out in the battle for AI supremacy.

How do you spell stagnation? G-E-R-M-A-N-Y. In the past three years, the German economy has recorded only two quarters of positive growth. On average, the economy has shrunk by 0.1% quarter-on-quarter ...

Oil prices rose yesterday, in step with a global equity rally. However, peace talks remain a crucial area of uncertainty for ...

In a week thinned by Thursday's US Thanksgiving Day holiday, there will be much attention on Ukraine peace talks. We have ...

Combined, these measures are projected to yield budgetary savings of €2.1 billion in 2026, €4 billion in 2027, €4.7 billion ...

We expect the Reserve Bank of New Zealand to cut rates by 25bp to 2.25% on 26 November. However, upside risks to inflation ...

Intuitively, a deal with Russia would help euro rates higher, but falling gas futures are already pushing down the curve through lower inflation expectations. Tensions with Russia are likely to stay, ...

As discussed in our RBNZ preview, we expect a 25bp rate cut tonight in New Zealand (announcement at 0300 AM CET). That would take rates to 2.25%, which we believe is the terminal rate, as disinflation ...