Quarterly Outlook
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
John J. Hardy
Global Head of Macro Strategy
You can access both of our platforms from a single Saxo account.
Morning Brew November 28 2022
Erik Schafhauser
Senior Relationship Manager
Summary: China protest spark risk off
Good Morning,
Risk sentiment is being hit by the protests in China along with fears or the communist party reaction. As corona cases reached a new high in China, protests against restrictions flared up in several cities. These are the strongest protests since Xi took power. China's industrial firms saw overall profits decline further
The Hang Seng sell more than 4% at the peak before recovering, global indexes are down app 0.5%, The Dax Future is trading 14490, the S&P at 4010 and the Nasdaq 11691. Metals and oil are lower and the USD gains strength – despite falling yields.
After the calm last week, the highlight of this week will be the nonfarm payroll on Friday unless there is a major surprise with China being the likely source.
The USD Index is slightly above 106 and EURUSD 1.0360, GBPUSD at 1.2075 and USDJPY 137.90 against the trend. Gold and silver are 1752 and 21.25.
Monday: Eurozone M3, UK CBI Retail Sales, U.S. Fed Bullard at MarketWatch
Tuesday: JP Employment Data DE CPI, EU Consumer Confidence, US Consumer Confidence
Wednesday: CH KOF, AT HCIP, DE Unemployment, EU HICP, US GDP
Thursday: International PMI
Friday: US Nonfarm Payrolls
Latest Market Insights
Quarterly Outlook
-
-
Quarterly Outlook
Equity Outlook: The ride just got rougher
Charu Chanana
Chief Investment Strategist
-
Quarterly Outlook
China Outlook: The choice between retaliation or de-escalation
Charu Chanana
Chief Investment Strategist
-
Quarterly Outlook
Commodity Outlook: A bumpy road ahead calls for diversification
Ole Hansen
Head of Commodity Strategy
-
Quarterly Outlook
FX outlook: Tariffs drive USD strength, until...?
John J. Hardy
Global Head of Macro Strategy
-
Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
-
Quarterly Outlook
Equity Outlook: Will lower rates lift all boats in equities?
Peter Garnry
Chief Investment Strategist
After a period of historically high equity index concentration driven by the 'Magnificent Seven' sto... -
Quarterly Outlook
Commodity Outlook: Gold and silver continue to shine bright
Ole Hansen
Head of Commodity Strategy
-
Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
The Fed started the US rate cut cycle in Q3 and in this macro outlook we will explore how the rate c... -
Quarterly Outlook
FX Outlook: USD in limbo amid political and policy jitters
Charu Chanana
Chief Investment Strategist
As we enter the final quarter of 2024, currency markets are set for heightened turbulence due to US ...