Our Insights

After several years of shrinking share in China's hyper-competitive smartphone market, Apple appears to have regained ground after launching the iPhone 17.

The eurozone is experiencing a modest recovery, but underlying trends highlight sustained export weakness. Demand has struggled to gain traction amid strong competitive pressure from Chinese exports and Donald Trump's tariffs. Net exports declined for five consecutive quarters through Q3 2025. That's offset relatively robust investment growth (driven by defense spending) and household consumption.

Late last year, The World Bank warned that Malaysia's retirement safety net was at risk – an example of how some emerging markets are rapidly catching up to the demographic issues developed countries already struggle with.

President Javier Milei signed a US trade deal that will open up Argentina's historically protectionist economy. Tariffs will be cut on categories including chemicals and machinery.

Canada and China recently reached an agreement that will see Beijing reduce tariffs on canola (one of the world’s most important oilseeds) and Ottawa allow greater market access to Chinese EVs.

Markets are digesting Donald Trump's pick to lead the Federal Reserve Board. Kevin Warsh will succeed Jerome Powell, whose cautious policy frequently resulted in the president’s criticism. Will Warsh live up to his reputation as an inflation hawk, or are his current views more aligned with the president?

The Central Bank of the Republic of Turkey has been a notable beneficiary of soaring gold prices.