IPOs: turbocharged by private equity
IPO volumes are set to hit a new record in 2021, offering investors higher return potential than traded equity, albeit with higher risk. But choosing the right IPO depends on more than just geographical location and sector.
Energy prices & inflation: Backwardation keeps inflation expectations anchored
However, there are emerging signs of de-anchoring inflation expectations if the energy crisis drags on for too long.
China’s great crunch: causes and consequences, at home and abroad
A mix of temporary and self-inflicted factors has sparked a sudden slowdown in China, which we expect to continue through Q4 2021 and the beginning of next year.