Following the technology- and momentum-led correction in July, global equity markets resumed the upward trend seen since the beginning of the year.

Global activity remained resilient in August, though regional divergences persisted.

Solid growth is giving central banks more room to be hawkish.

We retain a modest tactical duration overweight between the 3-5Y tenors on the Treasury curve.

The Fed will take centre stage, with markets pricing a roughly 90% chance of a rate hike after the August core CPI surprise.

Robotics is entering a new era. Once confined mainly to industrial production lines, it is rapidly expanding into healthcare, logistics, mobility, agriculture, and consumer applications.

The ECB will take centre stage in Europe, with a 25bp rate hike widely expected, further widening the policy gap with the Fed.

Artificial Intelligence (AI) has become a familiar part of our lives, but we are only just beginning to realise the risks associated with it. With regulation unable to keep pace, AI governance is now a major issue.