August inflation numbers allowed the Bank of England to pause.

While the Bank of England (BoE) kept the “sufficiently restrictive for sufficiently long” language in its latest statement, we believe the end of the U.K. interest rate hiking cycle is here, given the August inflation print and slower levels of activity. Inflation came in well below market and BoE expectations, with declines both in core goods and services. Before anyone gets too excited on risk, however, we think this augers slower GDP growth through the end of the year, as also reflected by the country’s higher ...

Strikes targeting the Detroit “Big 3” could maximize disruption and uncertainty, while putting long-term competitiveness at risk.

With the expiration of labor contracts on September 14, the United Auto Workers (UAW) union launched targeted strikes against all three Detroit automakers: General Motors, Ford and Stellantis. This followed months of negotiations that narrowed the gap on wages, but left significant distance on nonwage union demands including a 32-hour work week, defined benefit pension reinstatement and improved retiree benefits.

The city’s property market has marked advantages over that of mainland China.

The Hong Kong property market, known for its high prices, is navigating challenges due to factors like rising rates, slow post-COVID recovery and close ties to mainland China. The office sector in Hong Kong, with high vacancy rates, could take years to clear. Hong Kong's interest rates, linked to the U.S. through the currency peg, are pressuring the liquidity of several highly leveraged developers, raising concerns about a potential repeat of the turmoil in Chinese property credit.

However, the residential ...