Economic activity is cruising. Confidence indicators continue to surprise positively, pointing to a solid cyclical growth momentum in the months ahead. Unemployment is coming down, yet stronger labour market conditions have failed to generate meaningful upward price pressures so far.
The annual symposium in Wyoming looks set to attract a great deal of attention again as hot economic issues and policy options are being fiercely debated among experts. Against this background, we have updated our view on central bank policy.
Several reputed investors have declared war on the RMB in recent days. How worried should we about an imminent collapse of the RMB? Should we believe Chinese policymakers stating that there is ‘no basis’ for big RMB depreciation?
2017 looks set to be a more than decent year for the equity markets, although the markets stopped for breath in November. Our expert, Johan Gallopyn, outlines the main trends on the equity, bond and currency markets of the past month.