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Update
On March 8, 2021, we installed a broken glass ceiling surrounding the statue in New York, symbolizing the many glass ceilings that women have shattered both in and out of the boardroom.
In recent weeks, we have seen a significant rise in volatility in global interest rates led by a rise in US rates. While not surprising, the key question is whether the selloff in rates is overdone, or whether it represents the beginning of a sustained rise in global rates with related effects.
In this week's economic and market news, US consumer sentiment touches year-high, the Bank of Canada holds the line as the unemployment rate plunges, and UK industrial production declines, while stimulus, growth, and dovish central banks propel a surge in equities.
The COVID-19 challenge severely tested global markets in 2020. Aided by unprecedented monetary and fiscal stimulus, markets responded with surprising resiliency. As we move into 2021, however, we expect markets will face another major test.
View all of our insights and market commentary.