GLOBAL MACRO INSIGHTS

Africa’s Yield Advantage Is Becoming an Investment Story

For years, African local-currency debt was priced primarily as compensation for risk. Today, investors are beginning to look at it differently. The extraordinary yields available...

The Chip Boom Has Found Its Breaking Point

The global semiconductor sell-off is not simply another correction in an expensive sector. It is the moment when two assumptions that sustained the artificial-intelligence boom...

Emerging Markets Enter the Perfect Storm

For much of the past year, investors had begun to believe that emerging markets were finally emerging from the shadows of the post-pandemic monetary cycle....

The Middle East’s Great Reordering: War, Energy and the Nuclear Race

The Middle East is no longer experiencing a series of disconnected crises. What initially appeared to be a military confrontation between the United States and...

The New Middle East

The latest twist in Washington’s strategy towards Iran perfectly illustrates the strategic confusion that now surrounds the Middle East. Only twenty-four hours after announcing a...

The Next Inflation Shock May Come from Farms, Not Oil

Financial markets have become obsessed with oil. Every escalation in the Middle East immediately triggers the same sequence: crude prices rise, inflation expectations rise, bond...

China’s AI Export Machine

For years, investors have debated whether China could escape the structural slowdown of its domestic economy. The latest trade data suggest that, for now, it...

Emerging markets have always been associated with higher volatility. Investors accept political uncertainty, weaker institutions and more pronounced economic cycles in exchange for stronger long-term...

Turkey’s Market Status Is Becoming a Strategic Risk

For years, Turkey has occupied a unique position within emerging markets. It combined the dynamism of a large economy with deep and liquid capital markets,...

GLOBAL MACRO INSIGHTS

Category: Emerging Markets