Ten challenges facing China’s economy

Depending on how it is measured, China’s economy is now the world’s largest or second largest. It is also the world’s second-most intertwined in terms of trade relationships, after the European Union, and is a major investor and lender in the emerging world. Understanding where China is heading is important for the whole world. This requires an assessment of both China’s strengths – and also the challenges it faces, of which ten can be highlighted.According to Chinese policymakers, the economic ...

US bonds are not dead.

A week marked by a new slowdown in US inflation and a solid primary market for US Treasuries, which somewhat alleviates concerns about American federal debt, with yields movements becoming more correlated again with Fed expectations. Consolidation and caution are prevalent in the equity market, with a moderate return of implied volatility, indicating that investors are gradually getting accustomed to the uncertainty fueled by US political risk. This could risk indulgence that may be penalized du...

欧州の景気回復へのドアを開くには、ドイツ経済の底上げが鍵か

L’obligataire US n’est pas mort

Une semaine marquée par un nouveau ralentissement de l’inflation américaine et un marché primaire solide pour les US Treasuries et qui contribue à écarter quelque peu les inquiétudes sur la dette américaine, dont les mouvements se recorrèlent aux anticipations Fed. La consolidation et l’attentisme sont de mise sur le marché actions avec un retour modéré de la volatilité implicite, signe que les investisseurs s’habituent progressivement à l’incertitude nourrie par le risque politique US. Au ri...

Israel strikes Iran’s nuclear sites