A slew of strong macroeconomic data – from GDP to employment to consumption – has given comfort to financial markets. At the same time, the immense possibilities of AI have propelled optimism in that sector to stratospheric highs. Despite this, many professional investors are wary, and watching out for ‘black swans’. On the other side of the globe, some interesting and potentially far-reaching changes are taking place.

Our newsletter this month examines some of these issues.