11 min listen
Macro and FX: Can the higher for longer narrative continue?
FromSaxo Market Call
ratings:
Length:
19 minutes
Released:
Sep 25, 2023
Format:
Podcast episode
Description
Last week ended with both equities and bonds lower following the Fed's hawkish message with rates staying higher for longer to deal with inflation and the strong economy which lifted the longer end of the US yield curve. This week key event risks to monitor are the UAW wage negotiations, gasoline prices and more jitter around a potential US government shutdown. US consumer confidence figures tomorrow are also key to track and on Friday the market will get the latest PCE inflation data. Across the Atlantic in Europe, the market will get Eurozone lending survey on Wednesday and the latest inflation figures from Wednesday to Friday. Finally, we talk about China and how Saxo's clients in the APAC region have positioned themselves for a rebound in the Chinese economy through a net positive positioning in Hong Kong equities, with Charu Chanana and Peter Garnry.
Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here.
Click here to open an account with Saxo
Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here.
Click here to open an account with Saxo
Released:
Sep 25, 2023
Format:
Podcast episode
Titles in the series (100)
Bad news is good news, or so the market thinks: Link to slide deck: https://bit.ly/3L3UV7k - Bad news was good news yesterday as significantly weaker than estimated US August consumer confidence and July JOLTS jobs opening pushed the US 10-year yield lower lifting equities, and especially the cy... by Saxo Market Call