This Strategy Insight discusses the bond market and currency implications of the Fed’s “hawkish pause”.
Policymakers will likely continue to stimulate domestic demand via targeted measures and piecemeal stimulus. Yet, the economy will disappoint unless Beijing provides “irrigation-style” stimulus. The latter is not our base case…
Policymakers will likely continue to stimulate domestic demand via targeted measures and piecemeal stimulus. Yet, the economy will disappoint unless Beijing provides “irrigation-style” stimulus. The latter is not our base case…
In this Insight, we answer a few crucial questions: Do the BoC and RBA decisions have any impact on what we can expect from other major central banks next week? Are there any profitable trades that can be put on, given the recent…
In this Insight, we answer a few crucial questions: Do the BoC and RBA decisions have any impact on what we can expect from other major central banks next week? Are there any profitable trades that can be put on, given the recent…
The Bank of Canada (BoC) surprised markets with a 25bp hike yesterday, bringing the policy rate up to a 22-year high of 4.75%. This ended the pause on rate hikes announced back in March, which only ended up lasting two meetings.…
What’s going on? The market-weighted stock market is up. But the equally-weighted stock market is not up. Neither is credit. Neither are industrial metal prices. Neither is the oil price, despite two waves of OPEC output cuts. We…
After a brief period of outperformance in late-2022/early-2023, Emerging Market stocks have been underperforming their Developed Market counterparts since January 19. While the DM equity benchmark is up 6.9% over this period, the…
The price of Brent opened higher on Monday following news that the Kingdom of Saudi Arabia (KSA) will reduce output by an additional 1 million barrels per day in July – with an option for extensions. In addition, the OPEC 2…