Alex Rankine

Markets Editor and Contributor at MoneyWeek

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Articles

Oil price stays steady as tensions in Middle East boils over

1 week ago | moneyweek.com | Alex Rankine

“Global oil markets have just become a lot more flammable,” says The Economist. On 13 June, two years of heightened Middle East tension finally boiled over into a full-scale Iran-Israel war. With Iran on the ropes, there is a growing risk that its leadership will resort to “desperate measures”. Tehran might close the Strait of Hormuz, the narrow channel through which 30% of global seaborne crude and 20% of liquid natural gas is conveyed.
Judicial elections: will Mexico’s bold political experiment come at a cost?

2 weeks ago | moneyweek.com | Alex Rankine

Mexico is about to become “the first country in the world where every judge on every court is chosen by popular vote”, says The Economist. Judicial elections this month attracted little attention, with just 13% of voters turning out. Yet the implications could be far-reaching, with the contests overwhelmingly won by candidates with links to Morena, the left-wing ruling party. Supporters argue that reform is needed to root out corrupt judges.
Could Javier Milei bring Argentina's economy back to 'normal'?

2 months ago | moneyweek.com | Alex Rankine

Since independence in 1816, Argentina has defaulted on its sovereign debt nine times – most recently in 2020, says Caitlin McCabe in The Wall Street Journal. Now a “sea change” is under way as libertarian president Javier Milei delivers tough medicine to end chronic “political chaos, runaway prices and government overspending”. Milei has laid off tens of thousands of civil servants and slashed red tape as part of “chainsaw budget-cutting” measures, says Craig Mellow in Barron’s.
Has Trump brought the reign of King Dollar to an end?

2 months ago | moneyweek.com | Alex Rankine

“Markets are discovering the real Trump trade is ‘Sell America’,” say Saleha Mohsin and Carter Johnson on Bloomberg. Stocks soared late last year on bets that the incoming president would initiate an American golden age. It hasn’t worked out like that. The dollar has dropped 9% against other major currencies in 2025. The US relies on international capital to finance its budget and trade deficits.
Why stagflation now seems like America's "optimistic scenario"

2 months ago | moneyweek.com | Alex Rankine

“The post-World War II… world economic order” is finished, says Reshma Kapadia in Barron’s. On Wednesday 9 April, sweeping US import charges on most countries in the world came into effect, including tariffs of 20% on the EU and 104% in the case of China. As during the pandemic, ultra-efficient global supply chains are being disrupted, raising inflationary pressure.
India's stock market decline wipes out $1.3 trillion in market value – can investors stay optimistic?

2 months ago | msn.com | Alex Rankine

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India's stock market decline wipes out $1.3 trillion in market value – can investors stay optimistic?

2 months ago | moneyweek.com | Alex Rankine

India’s “loyal retail traders” are being tested like never before, says Chiranjivi Chakraborty on Bloomberg. A long stock market boom ran into trouble in September, when an unanticipated economic slowdown and analysts’ downgrades to companies’ earnings forecasts knocked India’s richly priced shares – $1.2 trillion has since been wiped off valuations. Global funds withdrew an estimated $26 billion between October and February.
What is the Mar-a-Lago Accord and why is it getting attention from Wall Street?

Mar 28, 2025 | msn.com | Alex Rankine

Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.
What is the Mar-a-Lago Accord and why is it getting attention from Wall Street?

Mar 28, 2025 | moneyweek.com | Alex Rankine

“To the untrained eye”, Donald Trump’s tariff policy may look like an “incoherent” and “self-destructive mess”, says Rogé Karma in The Atlantic. But some believe it to be “the first step of a carefully orchestrated master plan”. On Wall Street, there is talk that the aim is to make the world’s leaders come crawling to Mar-a-Lago, Trump’s Florida residence. There, they will be forced to agree to build factories in the US and strengthen their own currencies to help US manufacturing.
Can investors stay optimistic about Russian stocks?

Mar 21, 2025 | moneyweek.com | Alex Rankine

“War and peace are notoriously difficult to price,” says The Economist. Yet with Donald Trump pushing for a ceasefire in Ukraine, investors are starting to do exactly that. The Russian rouble has rallied more than a third this year against the dollar, and the local MOEX share index has gained 15% on bets that Russia’s heavily sanctioned economy might “become slightly less walled off”.