providing a boost for foreign equities in US dollar terms. A flat/weak US dollar tends to be a bullish factor for global equities ex-US, and that’s proving to be true this year. Global equities ...

Meanwhile, European stocks are up by 14% in dollar terms this year, while the S&P 500 is down by 2%. Even a modest reassessment of America’s stockmarket dominance could ding the dollar ...

In current dollar terms Chinese per capita GDP was 15% of the US in 2023 and even in PPP terms it was just 30% of US per capita GDP. A situation where a country is a global leader in manufacturing ...