Senior Relationship Manager
Good Morning,
Equities rise with the US 30 at 33800, the US500 at 4030, the GER40 is trading at 15200, the USD Index is lower at 101.59, EURUSD rose to above the 1.09 to trade at 1.0920. Cable rose back to 1.24 and USDJPY fell to 129.30.
Gold is testing the 1950 again and Silver the 24.
Technically interesting are the GER40 and EURUSD Gold. If the GER40 breaches the 15270 it has room to 15770, EURUSD is approaching 1.0940, the halfway point of the 2020 to 2022 decline. If Gold manages to breach the 1950, 2000 is in sight.
The Bank of Canada raised rates in line with expectations yesterday and signaled a pause. At the next meeting.
Tesla posted better than expected results and Elon Musk stated that sales in 2023 could hit 2 million cars. In the aftermarket, the share price rose to 152 from 144.43.
Chevron announced a further $75 billion buyback - 22% of it`s marketcap.
To maintain risk on sentiment and reach new levels we will be watching the US GDP as well as the durable goods orders both at 14:30 today, the GDP is seen at 21.6& and the Durable goods at 2.5%. Earnings continue to be a major topic as well.
Thursday
US GDP Advance Durable Goods Orders and Labor Data
Earnings: SAP SE, Visa Inc, LVMH, Christian Dior, Intel Corp, Mastercard Inc, Comcast Corp Diageo PLC, Blackstone Inc
Friday
EU Money Supply
U PCE, Consumption and Conficence
Earnings: American Express Co Chevron Corp
Expiries
Physically Settled Futures
NGG3 will expire 26 Jan 2023
TTFMG3 will expire 27 Jan 2023
GCG3 will expire 30 Jan 2023
MGCG3 will expire 30 Jan 2023
HOG3 will expire 31 Jan 2023
RBG3 will expire 31 Jan 2023
Expiring CFDs
NATGASUSFEB23 will expire 25 Jan 2023
GASOLINEUSFEB23 will expire 27 Jan 2023
GOLDFEB23 will expire 27 Jan 2023
HEATINGOILFEB23 will expire 27 Jan 2023
CHINA50JAN23 will expire 30 Jan 2023
HK50JAN23 will expire 30 Jan 2023
TAIWAN95JAN23 will expire 30 Jan 2023
OILUKMAR23 will expire 31 Jan 2023
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