Here we go again. From mid-March through the second half of 2021, financial markets have snubbed all the headwinds and continued to rise unafraid. Neither the first major war in nearly 80 years, nor the raging inflation or a hawkish Fed were able to convince investors to be more cautious.

In our previous report, we had indicated that the first and direct casualty of the commencement of the war in Ukraine would be European stock markets due to the close economic ties existing between Western Europe and Russia. Surprisingly, two weeks later, the epicenter of the issue appears to...

As we all sadly know, Putin invaded Ukraine on multiple fronts on February 24, targeting military infrastructure as well as strategic trade and airport targets, justifying military action by citing the need to "demilitarize" Ukraine and halting its path to NATO membership.

Not only is Ukraine at the centre of attention of world events, the country is one of the most important investment destinations in the Frontier universe. Given this, we felt that time was of the essence (if slightly close to the wire) to pay a visit to Kyiv, for some long overdue meetings with...

Inflation has been one of the hottest topics in recent months, with the main debate being whether it will be a transitory phenomenon or become more persistent and entrenched in the economy. Wage growth has always been one of the factors that has made inflation more persistent.

Mr. Powell and his colleagues only a few months ago predicted that inflation would be temporary and would subside quickly. Fast forward to last Wednesday, and the Fed's assessment of inflationary risks has shifted dramatically.

The first two weeks of 2022 have seen a significant reversal of last year’s trends:  value has outperformed growth, emerging markets have outperformed  developed markets and rates have risen by about 20 basis points, mostly in the  long-end of the developed-country yield curves.

Dozens of central banks have had their meetings in the past 10 days. The main concern of all central banks, both in developed or emerging countries, has been finding the right balance between fighting against the inflationary pressures that have been building up in almost all countries worldwide...