The January UK CPI was slightly hotter than expected. Headline inflation beat estimates, rising to 3.0% y/y from 2.5% in December. Core inflation also jumped but was in line with expectations at 3.7%. Services were strong, albeit…
Our Geopolitical Strategy team reviewed possible outcomes for Sunday's German election as the far-right is playing an expanding role in mainstream German politics. German voters have shifted to the right, weakening the ruling…
Our Foreign Exchange strategists reviewed the rationale to their short US dollar position as the DXY has been in a trading range with resistance near 110 and support around 100. The widening US budget deficit caps the dollar’s…
China’s January monetary and credit data was solid. New yuan loans increased by CNY 5.1 trillion, while aggregate financing was up by 7.1 trillion. M1 also increased after contracting 1.4% y/y in December. Seasonality plays a…
Our Chart Of The Week comes from Jonathan LaBerge, Chief Strategist for our Special Reports Unit. Jonathan asks whether investors should be encouraged by the fact stocks are shrugging off US tariffs. The answer is no, because…
Our European strategists look at European equities after they garnered attention due to their low valuations. European equities are attracting interest primarily due to low valuations rather than strong growth expectations. Key…
President Trump is negotiating a ceasefire in Ukraine. This will be a marginal headwind to some commodities which benefitted from the conflict like natural gas and wheat, and will be a marginal tailwind for European assets,…
Some thoughts on this morning’s CPI report and its implications for the Fed and Treasury yields.
