ALL THAT GLITTERS IS NOT GOLD The saying in the title applies to the latest jobs report in the US, which was released on Friday. Although the headline labour market…
read moreRE-OPENING ECONOMIES & POLITICS TO SHAPE THE MARKETS As noted in the previous week’s update, geopolitics have returned to the limelight, again, although it does not appear to have dented global…
read moreIMF FORESEES DOWNSIDE RISKS TO GLOBAL GROWTH The International Monetary Fund (IMF) released its latest World Economic Outlook last week, in which the IMF marginally reduced its world GDP growth forecast to 3.2%…
read moreFED REACHES MUDDY WATERS AND MAKES THEM MURKIER Although there was a vacuum in terms of macro data releases throughout the week, we still have a lot to digest. Various…
read moreCENTRAL BANKS ACROSS THE GLOBE AWAIT THE FED’S GREEN LIGHT The Federal Reserve’s policy U-turn has been extensively covered during the previous weeks: a 25bp rate cut and pausing the…
read moreREALITY CHECK: IT’S TIME FOR THE MARKET TO TAKE A CHILL PILL The broad market was getting ready to enjoy the refreshing effects of a massive liquidity wave by the…
read moreAS GOOD AS IT GETS It seems that Presidents Trump and Xi had a relatively fruitful discussion, as the two leaders did not resort to further raising of tariffs or other…
read moreCENTRAL BANKS ARE READY TO STEP UP, AGAIN. Two major central banks – the Federal Reserve (Fed) and the European Central Bank (ECB) – sent very strong signals during the…
read moreBENIGN INFLATION PUTS FUEL TO THE FIRE FOR THE FED TO CUT INTEREST RATES Inflation in the US was 1.8% YoY in May, coming in below the consensus forecasts. Consumer price…
read moreTRUMP MIGHT JUST GET HIS COVETED RATE CUT SOON It very much looks like the market has made up its mind that the Fed funds rate will be reduced by 25bp at…
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