Podcast: German bond indigestion and big oil activist coup
Saxo Market Call
Summary: Financial markets have calmed down significantly this week with the news flow fizzling and investors in a wait-and-see mode on inflation. Germany saw a terrible bid-to-cover ratio yesterday suggesting the latest decline in the Bund yield could quickly reverse and potentially reignite momentum in European banks. Are we heading for a new 70s-style energy shock? A revolt against big oil and their (lack) of focus on renewables swept across the market yesterday impacting three of the biggest led by ExxonMobil - We also cover rally in the Chinese Yuan and its implications for inflation, and earnings from Nvidia yesterday suggesting the semiconductor troubles will stay with the industry for at least 2-3 quarters. On today's pod were Peter Garnry on equities, Ole Hansen on commodities and Althea Spinozzi on fixed income.
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Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
- Shocks from covid and the war in Ukraine have forced the global financial and political world to change, but what will the end game be?
Productivity and innovation have never been more importantAs the world economy hits physical limits and central banks tighten their belts, could equities be facing a 10-15% downside?
The great EUR recovery and the difficulty of trading itIf the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Tight commodity markets – turbocharged by war and sanctionsWith supply already tight, commodities keep powering on. But will it last for yet another quarter?
Between a rock and a hard placeGeopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
The Great ErosionInflation is everywhere and central banks try to combat it. But will they get it under control in time?
Australian investing: Six considerations amid triple Rs: rising rates, record inflation and likely recessionWhile global financial markets are struggling in an uncertain world, the commodity-heavy Australian ASX index is poised to keep a positive momentum.
Cybersecurity – the rush to catch up with realityWith the invasion of Ukraine, governments and private companies are rushing to reinforce their cyber defenses.