Economy
European Sentiment Weakens Further in September…
Core Europe’s industrial sector will relapse in the coming months due to US tariffs and a strong euro. Investors can play the imminent deflationary shock by being long Central European bonds. They should, however, hedge the currency risk vis-à-vis the euro.
USD-denominated Emerging Market bonds have been outperforming US corporates for the past year. We don’t think the rally is exhausted yet.
Resilient NAB Survey Undercuts Dovish RBA Pricing…
Small Business Confidence Improves But Growth Is Still Fragile…
Argentina: Election Results Are A Setback, Not The Endgame…
NY Fed Survey Shows Anchored Inflation, Fragile Jobs Outlook…
Eco Watchers Beat But BoJ Hike Still Distant…
A fleeting greenback rally post Fed rate cut will offer a final chance to reset short dollar exposures. See why undervalued Asian FX are poised to lead the next leg lower in USD and how to position now.
US Job Growth Stalls
US…