Bond yields have been rising for five years and the era of abundant capital is gradually giving way to one of greater competition for capital, in a new investment cycle driven by artificial intelligence (AI), with more persistent inflationary uncertainty, higher nominal growth and larger fiscal deficits. Analysis by Lauréline Renaud-Chatelain For more than four decades, the global economy operated in an environment of falling interest rates and abundant capital,…

Report by Renta 4 Minimal fluctuations at the European open (Eurostoxx futures down 0.2%, S&P down 0.1%, Nasdaq down 0.4%) despite continued sharp falls in Asia (Japan down 2%, South Korea down 6%) and renewed tensions between the United States and Iran. Today’s session will have several clear focal points: the Fed meeting and the results from tech giants Microsoft and Meta Platforms, whilst keeping a close eye on the…

Report by Renta 4 European markets opened lower (Eurostoxx futures down 0.02 per cent, S&P down 0.25 per cent, Nasdaq down 0.8 per cent), following a session that started strong but ended weakly in the US and a black day on the Kospi (down 9%), which hit its lowest level since mid-April and triggered the sidecar and trading halt mechanisms at the start of the session. This fall has been…