Saxo Bank head of APAC macro strategy Kay Van-Petersen looks into the continued dominance of US macro in light of last Friday's upside Average Hourly Earnings surprise, as well as the November midterm elections, Sweden, Brazil, and emerging markets.
To download your copy of Van-Petersen's latest Macro Monday update, click here.
Equity Update: China Equities Surge on Stimulus
Today we mull the prospect of continued monetary and fiscal stimulus from China. As well as the prospect for downward revisions to growth and earnings which elevates tail risks, but is countered with ongoing policy support.
Critical week ahead for mining companies
This week several of the world's largest mining companies will report earnings which is important for understanding the evolving demand picture in China as the overall equity market has lost its signal value for global investors due to concentration of the indices around a few technology companies.
Macro Dragon: US back in on Tues, Flash PMIs & Turkey Rate Cuts Week
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.
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