An in-depth look at the latest economic and market developments Issue | First Quarter 2026 Global markets began 2026 with a constructive tone, building on the momentum of late 2025. January was marked by improving market breadth, with U.S. small caps and emerging markets leading returns. Equal-weight indices outperformed cap-weighted...

Portfolio Manager Nick Sheridan explores why shifting market leadership, geopolitical uncertainty, and changing investor behaviour are bringing smaller companies back into focus, offering a broader set of opportunities beyond the most crowded trades.

Developed-market bond markets are sending a message that investors can no longer afford to ignore. What began as a higher-for-longer rate adjustment has evolved into something much broader.

AI infrastructure investment is boosting the outlook for risk assets, particularly U.S. equities, despite geopolitical risks. Credit markets could face challenges as companies increase bond issuance.

As data centres hit the physical limits of copper, a quiet corner of Europe’s industrial base finds itself at the heart of solving AI’s next infrastructure challenge.

Energy prices matter—but the bigger shock may hit other areas that feed into inflation and growth. 

Warsh has signaled sweeping changes to how the Fed operates that would not require congressional approval, which could change how markets price the Fed.

A review of the week’s top global economic and capital markets news.

Easy globalisation is over: multipolarity, bottlenecks and public dissatisfaction are reshaping the world. For investors, that means old assumptions are less reliable and resilience matters more.

Equity markets have seen reversals and rotations to start the year. Despite strong earnings globally, concerns over AI disruption and geopolitical events are powerful forces. Our alpha-seeking equity investors assess the backdrop and offer their views on AI expansion, U.S. market broadening and top destinations for value in their Q2...

The US-Iran ceasefire reduces the risk of an oil-driven inflation and growth shock, but we aren’t in the clear just yet, according to Franklin Templeton Institute’s Stephen Dover.

Investors are facing the potential impact of a sustainable energy shock colliding with an AI market correction.