Quickview: Recent data confirm the US is late in the cycle and we maintain our forecast for a total of four interest rate hikes this year.
Macron’s reform agenda should be positive for economic growth in France. As political risk falls, investors can now turn their focus to the corporate earnings recovery.
Having championed free trade, labour and capital flows the International Monetary Fund (IMF) and World Bank find themselves fighting against a wave of protectionism and moves to curb immigration.
The US labour market continues to show signs of strength. We still expect the Federal Reserve (Fed) to raise rates in March, but will be looking for signs of stability in the Chinese currency as well as continued gains in payrolls.