The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
Chief Economist & CIO
Summary: Asian stocks have started the week with gains in response the strong rally in US stocks on Friday following the supposedly stronger-than-expected US job report while European equities are down as skepticism grows over the Franco-German joint debt deal. The dollar index trades close to unchanged after hitting a three-months low on Friday. Focus now turns to the Federal Reserve's policy meeting this week with the recent jump in bond yields potentially forcing a reaction from the FOMC with regards to yield-curve-control.
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Economic Calendar Highlights (times GMT)
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