Videos

India has been a tough place for multinationals to make big capital investments. Just this week the country’s highest court cleared the way for anti-trust action against Amazon and Walmart’s online retail platforms. However, a counter-trend move has been the government backing away from a retrospective tax that has been deployed against foreign investors.

Since the depths of the pandemic, the US labor market has recovered remarkably quickly. A key question for investors is how long strong job creation can be sustained before upward wage pressure returns. Ahead of Fridays’ payrolls report, Kai Xian outlines the key drivers of the US labor market.

Apple's Tim Cook warned investors that it would face microchip shortages in the second half of the year. Yet last week, Taiwan Manufacturing Semiconductor said that it saw an abatement of the great chip shortage. In this video interview, Vincent seeks to reconcile these two statements, and explain what it all means for Asian exports.

After a two-year suspension, the US debt ceiling will soon be reimposed at current levels. Official estimates suggest that the Treasury can delay defaulting on its debt for three to four months. That is shorter than the five months the Treasury was able to delay during a similar standoff over the debt ceiling in 2019. Ultimately, Congress should act and default will be avoided.

Large emerging markets have managed through the pandemic decently well, yet the debilitating economic effects of Covid mean stresses are appearing among lower quality national borrowers. This is one reason that the International Monetary Fund is set to expand distribution of its "Special Drawing Rights" reserve-type asset by US$650bn.

Six months after the UK properly left the European Union, the shape of the emerging post-Brexit economy is becoming a little clearer. Despite distorting effects from the pandemic, the impact on trade from being outside the EU’s single market can be seen, arguments about the UK’s position as a manufacturing hub can be tested and the future shape of Britain’s once super-charged financial services sector is coming into focus. Nick Andrews reviews recent developments in this video interview and offers pointers for the future.

In response to the Covid economic shock, the European Union has vowed to adopt more expansive fiscal responses and limited mutualization of national debts. The country where this approach will fall, or rise is Italy. In this interview, Nick offers a view on whether it will be enough for Italy to mount a comeback.

The US housing market has been booming for the past year, with prices setting a record-high in data released this week. However, a decline in affordability, coupled with the potential for higher mortgage rates, is weighing on demand and has started to force a shift from a buyer-led market to a renter-led market.

Earlier this week, outspoken “Big Tech” critic Lina Khan was named chair of the Federal Trade Commission after a bipartisan vote. In this interview, Yanmei assesses to what degree this signals a harder line on antitrust issues by the Biden administration, and whether the US’s big tech firms have reason to be worried.

The Federal Reserve’s next move is likely to be verbal guidance over a tapering of asset purchases, argues Will. That is increasingly a consensus market position, so in this interview he explores other policy options that the Fed could choose to pursue.

As inflation rises and central banks move to tighten monetary policy, global markets have become progressively more skittish. Charles Gave and Anatole Kaletsky address the state of the global economy and offer their best advice on structuring portfolios.

Nick Andrews discusses cyclical dynamics in Europe and the central bank’s policy responses. Louis-Vincent Gave presents his take on French politics and the broader macroeconomic picture.

Global growth is under the spotlight as central banks try to handle inflation. In China, Covid lockdowns threaten domestic demand and global supply chains. Additionally, there is the possibility of a political shock emanating in France.

In this webinar, our team provide an update on the rapidly changing on-the-ground situation in China, and discuss how this latest Covid shock will affect the economic trajectory for 2022.

Over the last year, Anatole and Louis have often duked it out over the issue of inflationary pressures and how this intense and truncated economic cycle will play out. Louis had been in the inflation worrier camp from the get-go, and in recent weeks Anatole has reluctantly joined him.

In our latest seminar in London, our team assessed the impact of the war in Ukraine on geopolitics, energy markets and global growth. A key question for investors is the impact on inflation and thus on monetary policy as the Federal Reserve maintains a hawkish stance. Also covered was China's cautious efforts to stimulate its economy and whether it will ever retreat from a disruptive zero-Covid stance.

US asset prices have appreciated dramatically over the past two years, on the back of steady flows of new money and cheap credit. The question is: when will this maturing bubble burst? And how should investors position themselves today?

In the last month, investors in Europe have suffered a twin shock: the effects of surging commodity prices following Russia’s invasion of Ukraine, and the impact on financial market sentiment of policymakers’ responses to the worsening crisis. Our panelists discuss what's in store

China’s government has now made its priorities clear: stabilizing economic growth is the top task for 2022. But it faces a daunting list of challenges in that endeavor. Our China analysts interpret the latest data, decode the policy signals and review the outlook for markets.

As the war in Ukraine continues with no end in sight, and as Western sanctions on Russia bite, the world is now facing an inflationary energy and food price shock. Gavekal’s analysts assessed economies' ability to deal with this blow, policymakers' leeway and the likely reaction of financial markets.