Market Commentaries

September 2025 was marked by renewed policy shifts, uneven global growth, and rising political uncertainty. The U.S. Federal Reserve (Fed) delivered its first rate cut in nearly a year, while the…

At the start of August 2025, the Trump administration introduced its long-awaited “reciprocal tariff regime,” raising U.S. trade barriers to their highest effective level in nearly a century and…

In the final days of July, countries rushed to secure tariff agreements with the U.S. ahead of the August 1 deadline. At the same time, the IMF released an upbeat update to its global economic…

The escalation of tensions in the Middle East into a military conflict between Israel and Iran, along with the involvement of the United States through targeted airstrikes, has certainly had some…

Equity markets rallied sharply in May, supported by a temporary easing of international trade tensions. However, persistent uncertainty around trade policy and the potential resurgence of…

What was initially intended to be "Liberation Day" quickly turned into "Panic Day" for financial markets. The announcement of reciprocal tariffs triggered an immediate and severe reaction, causing…

Central banks are becoming increasingly divided in their approaches to monetary policy. Some are opting to keep interest rates unchanged, while others continue to pursue accommodative policies by…

This month's dominant economic themes were persistent inflation and volatile trade dynamics. While central banks are grappling with the challenge of controlling inflation, the volatility stems…

The new U.S. administration officially took office this month and quickly set the tone for its mandate through a series of executive orders and announcements on tariffs affecting key trading…

Just as markets seemed confidently poised to end 2024 on a strong note, a few words from the Federal Reserve were enough to trigger a market correction and shift investor sentiment for the year…

The key event of the month was the re-election of the Republican candidate for a second term in the White House, signaling notable policy shifts compared to the current administration when he…

New developments this month have led to a shift in market trends from those seen in recent months. First, the persistent strength of the U.S. economy has surpassed expectations, which could lead…

Most stock markets have shown positive results this month, as have bond markets. This positive performance coincides with many central banks worldwide lowering their interest rates. The U.S.…

At the beginning of August, the financial markets experienced a notable correction, characterized by a period of high volatility that led to a decline in stock indices. However, much like a brief…

U.S. equity investors, who have enjoyed strong returns in recent months, may have been seeking an opportunity to take profits. Recent deteriorating labor and business data provided just that…