Macro: Sandcastle economics
Invest wisely in Q3 2024: Discover SaxoStrats' insights on navigating a stable yet fragile global economy.
You can access all of our platforms from a single Saxo account.
Macro Brief: All Quiet on the Western Front
Christopher Dembik
Head of Macroeconomic Research
Summary: Financial markets have dropped in low gear as we approach Easter week. But do keep an eye out for a consumer sentiment update from the US and, of course, earnings releases from JPMorgan Chase and Wells Fargo.
The stock market was mixed yesterday with financials leading and the energy sector lagging in the US. As a matter of fact, there is not much to expect either from today’s session. It will be another quiet day for data with a focus on industrial production for the euro area in February and preliminary data in the US linked to consumer sentiment. The consensus expects that University of Michigan consumer sentiment will decrease to 98.0 in April versus prior at 98.4. If confirmed, it would remain at a very elevated level compared to similar measures (like the Conference Board data).
The Bank of England’s Mark Carney is also due to speak today at the IMF/World Bank Spring meetings.
Frankly speaking, the focus will be on the earning season as the US banking sector will release the first data.
US consumer surveys – long term trend:
The Bank of England’s Mark Carney is also due to speak today at the IMF/World Bank Spring meetings.
Frankly speaking, the focus will be on the earning season as the US banking sector will release the first data.
US consumer surveys – long term trend:
Today’s Calendar (All Times GMT)
9:00 Euro Area, Industrial production
12:30, USA, Import and Export Prices Report
14:00 USA, University of Michigan Consumer Sentiment
9:00 Euro Area, Industrial production
12:30, USA, Import and Export Prices Report
14:00 USA, University of Michigan Consumer Sentiment
Latest Market Insights
Quarterly Outlook 2024 Q3
Sandcastle economics
-
-
Bonds: What to do until inflation stabilises
Discover strategies for managing bonds as US and European yields remain rangebound due to uncertain inflation and evolving monetary policies.
-
Equities: Are we blowing bubbles again
Explore key trends and opportunities in European equities and electrification theme as market dynamics echo 2021's rally.
-
FX: Risk-on currencies to surge against havens
Explore the outlook for USD, AUD, NZD, and EM carry trades as risk-on currencies are set to outperform in Q3 2024.
-
Commodities: Energy and grains in focus as metals pause
Energy and grains to shine as metals pause. Discover key trends and market drivers for commodities in Q3 2024.