固定収入

CoreMacro

2024 Key Views: Europe In Recession

特別レポート

Explore the eight main themes that will drive the returns of European assets in 2024.

2 年 2 年間 ago

Europe China

Essentials

Goldilocks? Or The Two Bears?

The November US retail sales release for November delivered a positive signal about consumer spending. Overall retail sales unexpectedly increased by 0.3% m/m, surprising expectations of a 0.1% m/m decline. The details of the report were also favorable. Eight…

2 年 2 年間 ago

Essentials

ECB Leans Against Rate Cut Expectations

As expected, the ECB kept its policy rate unchanged on Thursday. In the updated macroeconomic projections, the central bank revised down its inflation and growth forecasts for next year. It now expects inflation to ease to 2.7% in 2024 – 0.5 percentage…

2 年 2 年間 ago

CoreMacro

2024 Key Views: Will EM Cross The Rubicon?

特別レポート

The major question facing EM investors in 2024 is whether or not EM will cross the Rubicon. The path to a soft landing in the US remains elusive. The recent improvement in global manufacturing/trade will likely prove to be a mid-cycle bounce rather than the beginning of a cyclical recovery.

2 年 2 年間 ago

Emerging Markets China

Essentials

Weak UK Economic Data Reflects Impact Of Previous Tightening

Weaker-than-anticipated economic data caused a sharp decline in UK gilt yields over the past few days with the 10 year yield now at its lowest since May.   The weakness in economic data was broad-based across various sectors of the UK economy. In the…

2 年 2 年間 ago

Essentials

Financial Markets Cheer Dovish Fed Press Conference

As expected, the Fed kept the policy rate unchanged in the 5.25%-5.50% range on Friday. Although the statement continued to indicate that the Fed is prepared to tighten further, it also acknowledged that there has been a slowdown in economic growth and that…

2 年 2 年間 ago

Essentials

Thai Economic Growth Will Remain Tepid In H1

The Thai economy has continued to underwhelm its ASEAN peers since the pandemic. It grew at a measly 1.5% in Q3 this year compared to the same period last year. Thai stocks and the currency have sold off as well. That said, the recently elected government…

2 年 2 年間 ago

FICC

The Fed Pivot Is On For 2024

Our US bond team’s thoughts on this afternoon’s FOMC meeting and yesterday’s CPI release.

2 年 2 年間 ago

Bonds

CoreMacro

2024 Key Views: Chimerica In Trouble, Part 2

特別レポート

Our 2024 outlook can be encapsulated into just 39 words and three key views. Key view 1: The end of China’s housing boom means the end of the world’s main growth engine. Key view 2: If the Fed and ECB don’t kill the economy, they won’t kill inflation. Key view 3: The AI gold rush will struggle to find any gold. We go through the investment implications for the year ahead.

2 年 2 年間 ago

Essentials

Disinflation Trend Will Continue In 2024

The November US CPI release came in broadly in line with consensus expectations on Tuesday. On an annual basis, headline CPI inflation eased from 3.2% y/y to 3.1% y/y while core inflation was unchanged at 4.0% y/y. On a monthly basis, both headline and core…

2 年 2 年間 ago

固定収入

関連トピック