Must reads from the past week: Swiss Franc, FOMC optimism, Reddit IPO

Must reads from the past week: Swiss Franc, FOMC optimism, Reddit IPO

Macro
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Last week the Swiss National Bank surprised by cutting its key policy rate by 25bps after 9 months of Swiss inflation below target. On the topic of cuts, investor appetite was rekindled after the FED policy meeting fuelled hopes of three rate cuts this year and a soft-landing for the US economy. Finally, social media giant “Reddit” priced its IPO at $34 and ended its market debut trading up 48% at $50.44.

Must reads…

Opportunities to trade Swiss Franc as it breaks technical levels
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Swiss Franc weakens after surprise rate cut

Key points to be aware of following the latest FOMC meeting
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FOMC bond takeaway

The latest IPO gives investors access to one of the world’s most influential social media platforms
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You can now trade Reddit shares

The week ahead…

The key events for this week are the policy rate decisions from a number of major central Banks; Bank of Japan (Tuesday), US Federal Reserve (Wednesday), Swiss National Bank and the Bank of England (Thursday). There are also key Chinese technology and consumer earnings from Xiaomi, Tencent, PDD, and Meituan. For developed markets the big earnings day is on Thursday with earnings releases from Nike, FedEx, Lululemon, and Accenture. Tech focus will be turning to the Nvidia GTC conference this week where new flagship chips are expected to be launched.

Quarterly Outlook

01 /

  • Upending the global order at blinding speed

    Quarterly Outlook

    Upending the global order at blinding speed

    John J. Hardy

    Global Head of Macro Strategy

    We are witnessing a once-in-a-lifetime shredding of the global order. As the new order takes shape, ...
  • Equity outlook: The high cost of global fragmentation for US portfolios

    Quarterly Outlook

    Equity outlook: The high cost of global fragmentation for US portfolios

    Charu Chanana

    Chief Investment Strategist

  • Asset allocation outlook: From Magnificent 7 to Magnificent 2,645—diversification matters, now more than ever

    Quarterly Outlook

    Asset allocation outlook: From Magnificent 7 to Magnificent 2,645—diversification matters, now more than ever

    Jacob Falkencrone

    Global Head of Investment Strategy

  • Commodity Outlook: Commodities rally despite global uncertainty

    Quarterly Outlook

    Commodity Outlook: Commodities rally despite global uncertainty

    Ole Hansen

    Head of Commodity Strategy

  • Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?

    Quarterly Outlook

    Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?

    John J. Hardy

    Global Head of Macro Strategy

  • Equity Outlook: The ride just got rougher

    Quarterly Outlook

    Equity Outlook: The ride just got rougher

    Charu Chanana

    Chief Investment Strategist

  • China Outlook: The choice between retaliation or de-escalation

    Quarterly Outlook

    China Outlook: The choice between retaliation or de-escalation

    Charu Chanana

    Chief Investment Strategist

  • Commodity Outlook: A bumpy road ahead calls for diversification

    Quarterly Outlook

    Commodity Outlook: A bumpy road ahead calls for diversification

    Ole Hansen

    Head of Commodity Strategy

  • FX outlook: Tariffs drive USD strength, until...?

    Quarterly Outlook

    FX outlook: Tariffs drive USD strength, until...?

    John J. Hardy

    Global Head of Macro Strategy

  • Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges

    Quarterly Outlook

    Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges

    Althea Spinozzi

    Head of Fixed Income Strategy

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