Global Macro Strategist
Summary: Macro Dragon = Daily Cross Asset Views. Today we re-highlight the wk ahead; noting the US does not get back in until Tues. the wk will be dominated by a focus on flash PMIs globally, as well as a number of key inflation figures. Central bank wise, apart from Fed speakers - its really going to be all eyes on Turkey to see if they cut more than expected given Erdogan's obsession with lower rates despite elevated inflation. Geopolitical wise - lots of focus on the deflationary ripples from Covid-19, as well as what kind of stimulus (magnitude, time, where) is going to be coming from China. On the US side, Sat 22 Feb will see the Nevada Caucus.
2020-Feb-17
(All times are SGT)
For Tues key readings are likely to be RBA minutes, Ger ZEW survey, CA mfg. Sales & US Empire State mfg. readings.
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It is going to be a phenomenal week, wishing everyone the very best possible.
Namaste,
KVP
The end of the road
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