Anyone following the US ‘War on Terror’ will probably be aware that America is increasingly using drones – unmanned aerial vehicles (UAVs) – to carry out airstrikes. They may also be aware that remote-controlled robots are being used for the purposes of bomb disposal in places such as Iraq. The growing use of unmanned platforms [Read more...]

In this week’s podcast Mark Schaltuper (Head of Latin America Analysis) and Terry Alexander (Head of Country Risk and Financial Markets) discuss the return of risk appetite to global markets. Assessing recent moves and a stronger-than-expected bounce in developed markets’ equities, we explore potential opportunities and the implications for emerging markets.

 

 Standard Podcast [12:46m]
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When global stock markets were rising in 2009, and government co-operation was thought to have saved the world from economic catastrophe, the continued deterioration of trade ties between the US and China went largely unnoticed. However, rising protectionism is now here, and I think this issue will rise in significance over the coming months.

Few people would dispute that the relationship between the US and China is the most important in the world, so much so that the term ‘Chimerica’ is used often nowadays to refer to the two countries as a single economy. Both sides generally benefit, if you overlook the huge US trade deficit with China, and [Read more...]

The end of month closes across asset classes could be the most important since March 2009, when a clear reversal pattern prompted us to turn bullish towards equities. This time, a weak close would suggest an end to the rally of the past 10 months, with the potential for some significant medium-term downside for equities [Read more...]

 

 Standard Podcast [11:45m]
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There are two key aspects to President Obama’s banking reform:

1) It attempts to address the ‘too big to fail’ debate: Obama wants to place size limits on banks (although it is still unclear what these are). This should create a wave of divestments and carve-outs in the banking industry.

2) To break up [Read more...]

There was a time when audio or video messages issued by Osama bin Laden would be front-page news, and we’d all wonder if a new al-Qaeda terror attack was imminent.

However, in recent years, a widespread belief has developed that bin Laden is irrelevant, and that the real terror threat to the West comes [Read more...]