17.11.2023 – Short-term consolidation is likely, but broad-based participation in this rebound does not suggests material weakness into year-end. The nature of this rally is however fragile, as it relies on economic data being just weak enough to keep a lid on yields, not so weak as to suggest a recession, or too strong to push yields higher.
September 2023 – Inflation in the USA has fallen sharply from its peak in 2022. In Switzerland, it is at 2020 levels. In Europe, inflation has also fallen from its peaks, but still appears to be at high levels, with energy imports and other factors still weighing on prices…
20.08.2023 – Equities have so far gone through a fairly standardpullback after this year’s remarkable rally. Major indices are on/approaching important supports levels.
July 2023 – While China is already in the process of cutting rates, it is the US Federal Reserve (FED) that the market is looking at first. The aim of the rate hike, announced at the end of 2021, was to stop fuelling growth as it exited Covid and to curb inflation as quickly as possible…
In this latest edition of our weekly update: False dawn? ; Further weakness likely for EU industry; From positive to negative economic surprises; The credit slowdown is not just a US story; and The bullish consensus on the EUR is at risk. Click here to read our weekly financial markets update report. […]
April 2023 – The sharp rise in the cost of credit and the resilience of inflation are testing investors’ nerves. But both the next recession and the next major financial crack have never been so “expected” […]
In this latest edition of our weekly update: They are not pausing! ; The Fed’s last hike? ; Banks’ woes are not over… ; Credit’s creeping impact on the economy ; Better than expected, but worse than needed… ; Hopes remain high for a shallow earnings pullback ; Tougher months ahead for equities ; […]
In this latest edition of our weekly update: Headline inflation; Equity futures; The earnings season is getting underway; Market rally; Business optimism remains low; Chinese economy; and Chinese loan. Click here to read our weekly financial markets update report. Disclaimer This document is solely for your information and under no circumstances is […]
In this latest edition of our weekly update: Bank deposit rates have lagged the rise in the Fed’s fund rate; US bank deposits ar e experiencing the largest drawdown in 40 years; Pace of deposit withdrawals forcing US banks to sell down a portion of their assets Silicon Valley Bank and Silvergate Bank were […]
In this latest edition of our weekly update: The US PCE price index; Major upward revision in hiking expectations; Mortgage rates on the rise again; Higher rates effects; Some bright spots in China; and Chinese (and Asian) equities remain attractive. Click here to read our weekly financial markets update report. Disclaimer This […]