Senior Relationship Manager
Summary: Risk Recovers
Good Morning,
Equities rose yesterday with the Dow up 1.60%, the S&P 1.49% and the Nasdaq 1.54%. on rising consumer confidence and fantastic numbers from Nike boosted sentiment. Nike gained 12% and Fedex rose 5%.
Lower Home sales did not have such an impact even though the righer interest rates are really showing, sales fell to a 2.5 year low.
Trading in US Shares was less than 10 billion, more than 10% below the average, people are winding down for Christmas and expect less liquidity until January.
FX is fairly quiet, EURUSD is trading at 1.0645, GBPUSD at 1.2120 and USDJPY 131.90. Gold and Silver are at 1818, a really interesting chart is the weekly silver where we are attempting a break higher but need a weekly close above 24 to confirm it.
The USD Index fell to below 104 again to trade at 103.98 – 103.50 is a significant level to watch. US 10 year rates are at 3.67.
UK and US Data at 8:00 and 14: 30 could move markets, the Turkish rate decision at 12 has been very calm recently.
Trade carefully
Economic releases:
Thursday 22 December
Friday 23 December
A new fragmented world order can render some of today's infrastructure obselete, but it also calls for massive new investments across the globe, which requires a new set of strategic and tactical investment strategies.
Steen Jakobsen,
Chief Investment Officer
As globalisation turns to fragmentation, China seems set on playing a role in the global economy, while simultaneously working towards proofing its own economic situation from external shocks and crises.
Redmond Wong,
Market Strategist
The recent bank runs and ensuing challenges are reminicent of something we've seen before. Will it end like the S&L crises of 1986 and 1995?
Chris Dembik,
Head of Macroeconomic Research
Equity markets need to recalibrate to another - fragmented - global world. What's your view on equities in this market - are they going up or down?
Peter Garnry,
Head of Equity Strategy
With every development comes new opportunites, some of which could be in India. Have you considered the country as a part of your diversification strategy?
Charu Chanana,
Market Strategist
A collar is an option strategy that allows some protection while maintaining some upside potential. What investment would you like to use a collar strategy for?
Hans Oudshoorn,
Trainer Academy
There are arguments to be made for many commodities to have upside. Which are you paying the most attention to this quarter?
Ole S. Hansen,
Head of Commodity Strategy
In a very challenging macro environment, which currencies do you think will come out on top?
John J. Hardy,
Head of FX Strategy