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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
GLOBAL MARKET/OPINION
Driven by the Russia-Ukraine war, the Global Geopolitical Risk index - compiled by Federal Reserve Board economists - is pointing to the highest level of perceived geopolitical risks since 2003 (when the US invaded Iraq).
- This is at levels that compare to a few other events in the series going back to 1900, where 100=normalized: the Suez Crisis, Yom Kippur War, and the USSR's invasion of Afghanistan for example.
- Market volatility doesn't always coincided closely with geopolitical risk rising: VIX spikes in 2008-09 (GFC), 2011 (Eurozone crisis), and 2020 (Covid pandemic) for instance were not joined by a similar rise in the Geopolitical Risk Index.
- This time around, geopolitics are arguably the major driver of financial markets, which on the basis of this metric marks the first time since the early 2000s.
Source: Caldara and Iacoviello; MNI; BBG
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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