European Central Bank

After a strong 2017, the first half of this year has seen increased volatility in world markets, as monetary policy tightens and political events elicit caution. World growth is expected to remain robust, but with downward revisions for the next two years....

European credit markets were hit this year by the rise in global trade tensions, a sudden spark in equity volatility and further political risks in Europe, mainly Italy.

Central banks and multi-asset in the spotlight

Gold prices set to soar

Yield and credit curves flat in several markets

Eurozone inflation eased back to a rate of just 1.1% in February. As in the US, there is some indication of a modest pick-up in wage growth, and this has in the past been closely associated with the rate of inflation in the service sector.

ECB to extend APP to end of 2018

We had a glimpse of the potential market implications of a more eurosceptic Italian government in recent weeks.

2018 has seen another spring dominated by political manoeuvrings, in particular the return of 'The Italian Question'.

Monetary policy killed the market-based economy