The latest US CPI data clearly indicates that inflation in the US is not yet defeated. With interest rate cuts anticipated further down the line here is our perspective on EM’s
With investor sentiment through the floor in China, we take a look at the policy tool kit for 2024. Is China set for a rebound or will the sentiment remain stuck in the abyss?
After tonight’s press conference, any doubt about who is driving monetary policy should be dispelled. Powell appears to be allowing the market to dictate and is hesitant to provide significant guidance, in stark contrast to Xi and China, which seem somewhat immobilized yet hesitant to acknowledge reality
Massa takes the first round but war is not over. We provide our view on the state of affairs in Argentina from a risk-taking perspective
This past week has been historical for all the wrong reasons. But could the horror taking place in the Middle East be the last nail in the Coffin for US economic overperformance?
In 2021, I took a bearish position in the Chinese real estate market. However, the scale of the repercussions stemming from the ongoing deleveraging process in Chinese real estate has raised our concerns. Despite this, we believe that the CCP will likely need to intervene in the near term to address the situation
We are back for another big Central Bank week. 7 charts we think are worth paying attention to in the EM space as DM central bankers approach their final hike
The West sent checks, while China focused on supply-side policies in response to Covid. But what will Beijing do now?
5 Things We Watch – Governor panel discussion, EU Fragmentation, Riksbank, EU Banks & The EM rate cycle
It’s Wednesday, and that calls for us to dissect 5 topics that we follow in Global Macro currently. What to expect from today’s panel discussion between governors? How is it going with the ongoing fragmentation of Europe? And will Riksbank hike 50bps like Norge’s bank? Find out here.
In Q1, we had a long position in copper. However, since our exit, industrial metals have experienced a reversal, and most of the gains YTD have been wiped out. But could the copper story have another leg to it? In this piece, we will share our perspective combining the macro with the development from the relevant EM frontlines.
Last week we released our first edition of the ‘Dollar O’ Meter’ which sat out to probe the USD and its relative strength (or weakness). Without giving too much away, we find conviction that further weakness in the USD is up ahead in the next few months. If we are correct, how should one then position for such a circumstance?