5 May 2026: Weekly Update – Food Inflation, Hormuz and the Next Supply Shock
The disruption in the Strait of Hormuz is increasingly feeding through to fertiliser markets, raising the risk of a prolonged and underappreciated wave of food inflation into 2027. The energy …
April 2026 Market Review: AI Recovery, Energy Shock and the Inflation Wave Ahead
Global equities recovered sharply in April despite continued disruption in the Strait of Hormuz and elevated oil prices. AI-related holdings and Asian markets led performance, while concerns increasingly shifted towards …
7 April 2026: Weekly Update – Stagflation Risks and the Ghost of 2022
Persistent inflation and slowing growth revived stagflation concerns, though today’s environment differs significantly from the demand-driven inflation shock of 2022. "Stagflation" is back in the headlines, and with it comes …
Q1 2026 Quarterly Review: Energy Shock, Institutional Risk and Global Market Repricing
Q1 2026 was defined by geopolitical escalation, energy market disruption and growing questions around institutional credibility in the US. Markets responded with sharp volatility, sector rotation and a reassessment of …
March 2026 Market Review: Energy Crisis, Market Volatility and the Return of Stagflation Risk
A major energy shock drove volatility and raised stagflation concerns. Markets reacted to shifting economic expectations. March was the month that a risk many had been watching from a distance …
16 March 2026: Weekly Update – Central Banks, Policy Risk and Energy Inflation
Policy risk returned to the forefront as central banks attempted to balance slowing growth against persistent energy-driven inflation pressures. In the past few weeks, the dominant risk in markets has …
9 March 2026: Weekly Update – Hormuz Closure, Energy Shock and Inflation Risks
The effective closure of the Strait of Hormuz caused severe disruption across energy markets and raised stagflation risks for major global economies. The situation in brief It has been a …
January 2026 Market Review: Institutional Risk, Emerging Market Strength and Gold Surge
Institutional uncertainty drove capital shifts. Emerging markets outperformed while gold benefited from safe-haven demand. January was shaped less by economic data and more by events that challenged the institutional foundations …
January 2026: Energy Sector Outlook: Where Are We in the Cycle and What Could Drive the Oil Price Higher?
Oil prices have lagged other commodities in recent years despite tightening supply conditions and weakening investment. This raises the possibility that the energy sector may be approaching an inflection point …
12 January 2026: Weekly Update – Repricing Risk in US Markets
The opening to 2026 has been marked by an unusually rapid pace of policy disruption emanating from the US administration. Across trade, fiscal policy, and geopolitics long-standing assumptions are being …
December 2025 Market Review: Central Bank Divergence, Commodity Extremes and AI Questions
Diverging central bank policies and commodity extremes defined December. Investors questioned the long-term returns from AI investment. The Regime Shift Unfolds The month began with the US Federal Reserve delivering …
8 December 2025: Weekly Update – Central Banks, Japan and Currency Divergence
Markets focused on diverging monetary policy expectations as the Bank of Japan prepared to tighten policy while Western central banks moved toward rate cuts. Markets enter the coming week pricing …
November 2025 Market Review: AI Volatility, Diversification Benefits and UK Budget Stability
Volatility returned as AI sentiment shifted. Diversification across asset classes supported portfolio resilience. November was a largely flat month overall for investors following a long stretch of gains earlier in …
1 December 2025: Weekly Update – UK Budget, Fiscal Headroom and Low Growth
The UK Autumn Budget reassured financial markets in the short term, though structural economic weaknesses and political volatility remained unresolved Speculation around the UK Budget - and the reaction to …
17 November 2025: Weekly Update – US Shutdown, Fiscal Risks and AI Volatility
Markets welcomed the resolution of the US government shutdown, though longer-term fiscal pressures and volatility within technology markets remained key concerns. The 43-day US government shutdown finally ended after Congress …
20 October 2025: Weekly Update – Gold’s Parabolic Rise and Portfolio Discipline Category
Markets sold off sharply after renewed US-China tariff threats reignited concerns around supply chains, trade disruption and global economic growth. It has been a week where it has been difficult …
13 October 2025: Weekly Update – Tariff Escalation, China Tensions and Market Volatility
Markets sold off sharply after renewed US-China tariff threats reignited concerns around supply chains, trade disruption and global economic growth. Global markets delivered a sharp reminder of their sensitivity to …
September 2025 Market Review: Fiscal Stress, Safe-Haven Gold and AI Exuberance Risks
Fiscal concerns weighed on markets while gold surged as a safe haven. AI valuations began to face increased scrutiny. September began with bond markets questioning the longer-term fiscal credibility of …
August 2025 Market Review: Labour Weakness, Policy Uncertainty and Commodity Strength
Weak US labour data and political disruption unsettled markets. Gold reached new highs while equities remained resilient despite macro uncertainty. August began with a downward jolt from the United States, …
June 2025 Market Review: Energy Shocks, AI Acceleration and Shifting Global Trade Dynamics
Energy market volatility dominated June as geopolitical tensions drove sharp movements in oil prices. At the same time, accelerating AI adoption continued to reshape market dynamics and sector performance. June …
23 May 2025: Weekly Update – Fiscal Deficits, Bond Markets and Rising Term Premiums
Government bond markets remained under pressure as rising fiscal deficits and increased debt issuance pushed yields to multi-decade highs. Long-term government bond yields have continued to climb in recent years …
22 December 2025: Weekly Update – Central Banks, Japan and Year-End Reflection
Markets ended the year focused on diverging central bank policy decisions, particularly Japan’s continued move away from ultra-low interest rates. The past week in financial markets was firmly shaped by …
2 May 2025: Weekly Update – Tariff Risks, Slowing Growth and Oil Weakness
Economic data continued to show resilience, though weakening shipping activity, falling oil prices and deteriorating surveys pointed to growing downside risks. The US employment report for April released during the …
April 2025 Market Review: Tariff Shockwaves, USD Weakness and a Gold-Led Recovery
Markets experienced sharp volatility following new US tariff announcements before stabilising later in the month. Gold rallied strongly as investors sought protection from currency weakness and geopolitical uncertainty. Global markets …
25 April 2025: Weekly Report – Trade Tensions, Dollar Weakness and Economic Risks
Markets stabilised temporarily following softer US rhetoric on trade, though concerns around stagflation and slowing global growth persisted. Negative comments from US President Trump about US Federal Reserve Chair Jerome …
11 April 2025: Weekly Update – Tariffs, Market Volatility and US Leadership Concerns
US President Donald Trump has continued to confound the world with announcements on tariffs - ending the week with a base 10% levy on virtually all imports into the United …
March 2025 Market Review: Tariff Shock, European Stimulus and Commodity Strength
Tariff escalation drove volatility in March, while significant fiscal stimulus in Europe supported regional markets. Commodity strength, particularly in gold and copper, played a key role in portfolio performance. March …
31 March 2025: Weekly Update – Liberation Day Tariffs and Stagflation Risks
Fresh tariff announcements and rising inflation concerns heightened fears of stagflation and further economic slowdown A promising start to the week proved short lived as global equity markets stumbled on …
24 March 2025: Weekly Update – Policy Uncertainty and Investor Positioning
Financial markets remained volatile as investors reacted to rising policy uncertainty, trade tensions and weakening consumer confidence. Financial market volatility persisted through last week, with a notable rebound on Friday …
10 March 2025: Weekly Update – Tariffs, Trade Tensions and Market Volatility
Escalating trade tensions and unpredictable US policy actions triggered increased volatility across global equity and currency markets. On 4 March 2025, the Trump administration introduced a 25% tax on most …
February 2025 Market Review: AI Shifts, Tariff Volatility and Europe’s Rising Influence
AI developments continued to reshape market leadership in February, while tariff tensions and inflation uncertainty weighed on sentiment. European markets showed increasing resilience amid shifting global dynamics. The opening months …
14 February 2025: Weekly Update – Inflation Risks, Gold and Defence Spending
Markets remained focused on inflationary pressures, geopolitical tensions and the implications of rising global defence spending for investors and asset allocation. Despite ongoing concerns about potential trade escalations, particularly as …
10 January 2025: Weekly Update – Rising Bond Yields and Inflation Concerns
Strong US labour market data intensified inflation concerns and pushed bond yields higher, increasing pressure across global financial markets. The first full week of the new year has been dominated …
