Investment themes

CIO Memo

ECB hints at interest rate reversal in June

As expected by all market players in advance, the European Central Bank (ECB) left key interest rates unchanged at its meeting today.

Mar. 13, 2024


CIO special report

India: Will a billion voters move markets in the world’s biggest democratic election?

The world’s largest democracy goes to its quinquennial national polls in a few weeks, with results expected by the end of May.

Mar. 05, 2024


CIO special report

U.S. CPI: Taking a detour

U.S. Consumer Price Index (CPI) showed an annualized increase of +3.1% year-on-year (YoY), moving lower from last month’s reading.

Feb. 13, 2024


CIO special report

India: Interim budget targets strong fiscal improvement

The Indian finance minister today presented a ‘Vote-on-Account’ or interim budget, customary in an election year.

Feb. 01, 2024


CIO special report

China: stimulus measures provide temporary boost, more expected

The Chinese government has undertaken a series of stimulus measures including a reserve ratio requirement (RRR) cut and a ban on the short-selling of stocks.

Jan. 29, 2024


CIO special report

China: Q4 GDP weak amidst deflation

Q4 GDP growth was lower than estimates due to ongoing deflation and property market drag.

Jan. 17, 2024


CIO special report

Japan: end of negative interest rate regime in sight

BoJ Governor Ueda said that Japan could soon end its decades-long negative interest rate regime with higher inflationary pressures.

Sep. 11, 2023


CIO special report

China: Rate cuts amid economic weakness

China released weaker-than-expected industrial production and retail sales data and the PBoC delivered earlier-than-expected rate cuts today.

Aug. 15, 2023


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