Videos

There are increasing signs that the Indian government’s focus on investment spending, is starting to “crowd-in” private investment and spur consumption. Moreover, inflation is cooling, paving the way for monetary policy to be eased. In this interview, Udith assesses India’s prospects and explains what this improving macro-outlook means for India’s already highly performing asset markets.

The lawless behavior seen on French streets last week was shocking, but not unprecedented. Cedric contends that in the short term, this episode is unlikely to materially impact the economy or financial markets in France. However, the evident fragmentation of French politics—and society—will make it more difficult for the government to handle the country’s worsening fiscal situation.

As the mercenary group Wagner marched on Moscow, there was a deafening silence from Russia’s biggest neighbor. China has been a key economic support for Russia even as it attempts to broker a peace deal in Ukraine, but during the tense stand-off, Chinese officials lent no public support to Putin’s regime. Yanmei unpacks the China-Russia relationship and assesses how things are likely to progress.

China’s property market started the year strong following the reopening from Covid containment, but weakened substantially after Q1. It now threatens to drag down the broader economic recovery. In this interview, Rosealea assesses the state of the market, how policymakers are likely to respond and what it means for the likely trajectory ahead.

After a decade of what might be called benign neglect, the crypto industry has recently been on the receiving end of a US regulatory crackdown. In this video interview, Will explains that the sector in fact faces headwinds from three different corners of the US policymaking apparatus, and outlines what that might mean for curious investors.

On July 23, Spain goes to the polls in a hastily-called election, which on current polling could lead to protracted coalition talks and a government of new faces. If so, the result will complicate the outlook for Spain’s second-half rotating presidency of the EU, at a time when clear leadership will be needed to steer the reform of the bloc’s fiscal rules. Nick Andrews reviews the political landscape and sets out the challenges.

Louis recently spent time meeting companies and investors in China and found that animal spirits have indeed taken a big knock as a result of government policies. In this video interview, he discusses what this mood shift means for asset markets and offers a view on how investors should play a more circumspect China.

For China bulls, April really was the cruelest month, with economic indicators undershooting expectations almost across the board. In response, market sentiment has swung from the excessive bullishness that prevailed at the end of 2022 to what looks now like an excess of bearishness.

There are tentative signs that the US housing downturn is flattening out, however, Will is not convinced that an upswing now beckons. He worries that US housing remains unaffordable by historical standards and the new home market is moderately oversupplied. As a member of the US recession camp, he worries that a looming deterioration in the labor market will reinforce these negative drivers.

Over the last decade, the eurozone banking system relied on emergency lending facilities that made liquidity freely available and predictably priced. Today, the ECB is both winding down its quantitative easing and allowing liquidity operations to expire. That will force European banks to rely on each other for interbank lending. In this video, Nick explores what that means for banks and investors alike.

Until recently the US government’s approach to China was to pile up sanctions and export restrictions, without any hint of when and where the moves might stop. That has shifted in recent months, with US officials suggesting the country now wants to push the pause button. Arthur and Yanmei take the temperature of the relationship and discuss where it goes next.

Turkey and Thailand go to the polls on May 14. Both countries have seen their share of authoritarian policymaking and populist democratic politics. In yesterday’s webinar, Udith Sikand and Vincent Tsui assessed each economy’s prospects and sought to draw some common lessons.

Will and KX have been in the camp arguing that such trends point to a US economy heading towards recession. They update their view with a particular focus on the strength of the US consumer and in light of this week's Federal Reserve’s policy meeting.

China’s economic rebound is well under way, with GDP growth in the first quarter beating expectations on the back of strengthening household consumption and property sales. But many still have doubts about the strength of the recovery. Thomas Gatley and Wei He assess what the data tell us about the recovery so far, as well as the outlook for economic growth and asset markets.

In last week's seminar in Beijing, Will Denyer discussed the outlook for the US economy and Federal Reserve policy; Arthur Kroeber spoke on China’s long-term growth trajectory and the strategy to counter US efforts to hinder its technological development; Andrew Batson presented an update on China's post-Covid recovery and answered audience questions along with Rosealea Yao and Xiaoxi Zhang.

After global frontier markets went on a borrowing spree between 2008 and 2020, tighter global liquidity has pushed countries from Pakistan to Zambia into financial crisis. China is a major creditor, sometimes at odds with other bilateral and multilateral lenders.

Louis examined the global macroeconomic landscape to find the key trends and structural changes that matter for investors; Wei discussed China's economic recovery and outlined the near-term growth and policy outlook; and Arthur spoke on China’s long-term growth trajectory geopolitical strategy.

As markets stabilize after the ructions caused by the US’s banking travails, it is time to take stock of what has changed for investors. In this webinar Charles and Louis update their views on the global macro situation with a particular focus placed on an accelerated “dedollarization” that both of them see as a major factor now influencing markets and investment returns.

As US firms operating in key industries get huge subsidies under the sprawling Inflation Reduction Act and Chinese firms consolidate their dominance in sectors like battery technology, European firms feel hemmed in on all sides. In this webinar, our team assesses the options open to Europe and what it all means for the region’s longer-term growth outlook.

Hoping to turn the page on a traumatic 2022, China’s government has unveiled a new agenda to be carried out by fresh faces in 2023. In this webinar our China team discusses the outlook for the economy, the political risks and the drivers for markets.