The cost of uncertainty

Market volatility as negative-yielding debt hits a global high comes amid Donald Trump’s clashes with China, trouble in Asia, including Hong Kong and Kashmir, and the Brexit mess. Here’s the best of this week’s opinion and analysis.

From Kashmir to Ukraine, several flashpoints highlight the instability that flows from unpredictable foreign policy

Well-meaning central bankers cannot offset the impact of an erratic US president on the real economy

Escalation in the trade war is turning into a global demand shock

A contraction in the second quarter shows the need to avoid no deal

It has become an obstacle to Xi Jinping’s vision of a ‘great rejuvenation’ of China

John Bolton’s recent visit underlined the costs of the UK burning its bridges with Europe

More from this Series

Armed intervention would harm China’s long-term economic interests

The delusion of retrospective legislation on Brexit is dangerous

A markets crisis is in nobody’s interest as election approaches