Senior Relationship Manager
Summary: Key Week Coming up
Good Morning,
Equities ended the week even higher with the Dow up 0.08%, the S&P 0.25%, the Nasdaq 0.95%. Looking at some Year to Date figures ahead of this crucial week for markets, the Nasdaq 100 is up 11%, the Ger40 9.5%, the S&P and the Switzerland 20 have risen app 6%. Tesla gained 44% and Nvidia 39%, Amazon 22% and Apple 13%. These numbers are Year to Date not 365 days.
FX was less risk on and the USD was relatively strong . The USD Index closed at near 102 and EURUSD 1.0867 and GBPUSD near 1.24.
We are entering a key week with :
From the meeting with Steen last week, pls find his outlook here: Steen`s Outlook for Markets
Economic Data & Earnings
Monday
Sweden and Germany GDP
EU Consumer Confidence,
Earnings: SoFi, Philips, Franklin Templeton, GE Healthcare, Ryanair, Whirlpool, NXP,
Tuesday
Japan Unemployment Rate, Australia Retail sales and China Manufacturing PMI
France, Italy as well as EU GDP, German CPI, US consumer confidence.
Earnings: Exxon, UPS, GM, Pfizer, Caterpillar, McDonalds, Spotify, AMD, Snap, Amgen, EA,
Wednesday
International PMI thorough the day, EU HICP
FOMC Rate decision
Earnings: Altria, T-Mobile, Peleton, ThermoFischer, Meta,
Thursday
Band Of England, ECB Rate decision
Earnings: Merck, Lilly, Honeywell, Sony, Amazon, Apple, Alphabet, Ford, Qualcomm, Starbucks, Gilead,
Friday
International PMI, Nonfarm Payroll
Earnings: Cigna, CBoe, Sanofi
Expiries
Physically Settled Futures
GCG3 will expire 30 Jan 2023
MGCG3 will expire 30 Jan 2023
Expiring CFDs
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
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