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Outlook 2026

Insight

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Are SNB rates about to bottom?
  • Macro

Are SNB rates about to bottom?

On 12 December the Swiss National Bank (SNB) is widely expected to cut the policy rate again. The issues for markets are the size of the December rate cut and how low rates will go in 2025. In this Macro Flash Note, Senior Economist GianLuigi Mandruzzato argues the trough SNB policy rate will likely be higher than markets anticipate.

  • 09 December 2024
  • Read time: 5 mins
read
US tariff burden?
  • Macro

US tariff burden?

Welcome to the December edition of InView: Monthly Global House View. In this publication we consider significant developments in the world’s markets, and discuss our key convictions and themes for the coming months.

  • 09 December 2024
  • Read time: 10 mins
article
What does Trump’s victory mean for Latin America?
  • A changing world

What does Trump’s victory mean for Latin America?

The results of the US elections represented a clear mandate to the incoming administration to prioritise some of Trump’s campaign promises. The links with Latin America do not rank high among the next US government’s priorities. In this Macro Flash Note, Economist Joaquin Thul looks at how the region could be affected by Trump’s victory.

  • 21 November 2024
article
Germany’s key issues and the coming snap elections
  • Macro

Germany’s key issues and the coming snap elections

The snap election on 23 February offers Germany a chance to reinvigorate its economy. In this Macro Flash Note, Senior Economist GianLuigi Mandruzzato looks at the reasons behind the government crisis and the key issues that the new government must address.

  • 21 November 2024
article
Is gold losing its shine?

Is gold losing its shine?

After a strong rally in the first ten months of the year, the price of gold has fallen sharply following the US presidential election. In this Macro Flash Note, Senior Economist GianLuigi Mandruzzato looks at the outlook for the price of the yellow metal.

  • 18 November 2024
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What will be the Impact of a Trump Presidency on Global High Yield?
  • A changing world
  • Fixed income

What will be the Impact of a Trump Presidency on Global High Yield?

The recent burst of inflation in the US and in many other countries has led investors to wonder whether the entire inflation environment has changed.

  • 14 November 2024
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  • +44 (0)20 7491 9111
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  • +44 (0)20 7491 9111
  • [email protected]
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