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Shahab Jafry

When markets smell stagflation
Opinion

When markets smell stagflation

Relief can be remarkably expensive. Only a few weeks ago, financial markets were celebrating what appeared to be the...
Updated 23 Jul, 2026 06:41am
The conviction paradox
Opinion

The conviction paradox

There is something rather unusual happening in financial markets. The more uncertain the future of artificial...
Updated 16 Jul, 2026 07:17am
So, is it really “over”?
Opinion

So, is it really “over”?

The first casualty of war is often certainty. The second, increasingly, appears to be financial markets. President...
Published 09 Jul, 2026 05:04am
Banking on peace already?
Opinion

Banking on peace already?

Oil markets have spent the past week behaving as though the worst is over. Brent crude has surrendered much of its...
Published 02 Jul, 2026 05:45am
Can oil derail AI?
Opinion

Can oil derail AI?

The US-Israeli war on Iran has already produced a surprisingly long list of unintended consequences. Shipping routes...
Updated 11 Jun, 2026 06:56am
The yen warning
Opinion

The yen warning

The yen’s slide back to 160 against the dollar may look like a Japanese problem. Tokyo certainly thinks it is....
Updated 04 Jun, 2026 06:49am
The return of bond vigilantes
Opinion

The return of bond vigilantes

Bond markets are beginning to sound like they have finally run out of patience. British long-dated gilt yields...
Published 14 May, 2026 05:59am
Pricing headlines
Opinion

Pricing headlines

Oil traders are once again behaving as though peace has broken out somewhere between a White House briefing and a...
Published 07 May, 2026 02:13am
Pricing peace too early?
Opinion

Pricing peace too early?

Markets appear to have made up their mind faster than the war itself. Equities are back near pre-war levels, oil has...
Published 23 Apr, 2026 02:22am
Pricing peace, ignoring risk
Opinion

Pricing peace, ignoring risk

Two headlines framed the week in a way markets are still trying to reconcile. Pakistan preparing to host a second...
Published 16 Apr, 2026 06:16am
War, oil and the constraint
Opinion

War, oil and the constraint

Currency markets appear to have paused, but not without reason. The dollar index has edged higher toward the 99...
Published 26 Mar, 2026 05:00am