海外研报

Shifting HK IG to Neutral; Now Prefer Malaysia A Corp

Another week that saw spreads move within a narrowrange.

Weak momentum persisted in North Asian markets amid significant foreign outflows

MXAPJ lost 1.9%, dragged down by Taiwan, Korea, Chinaand Hong Kong (down 2-4%), while India (+2%) and

Not everyone gets a medal

Amid an equity sell-off, US economic data may show soft spotsbut remain solid overall. Meanwhile, signals out of Europe and

2024 US Elections – An Early Guide

With Election Day 334 days away, it's likely much will change re: the drivers of the outcome & their market impact.

New Candidate, Same Implications

To project the impact of elections on the markets, we typically frame scenarios. But we could never have dreamed up the truly wild month we just went

A bumpy road into the unknown, an elegy

The unprecedented developments surrounding the US general elections have dominated the headlines as the outcome will largely define the US economic, fiscal and

A few keypieces from GS Sales, Trading, Strategy and Research. Full piece links below or attached.

Waiting to re-engage in USDJPY longs (Mike Cahill) - While we think USD/JPY can probably continue to move back to the 150 level and would

BoJ seen forgoing July rate hike to ensure trouble-free start to QT

We expect the BoJ will leave its guidance target for the uncollateralized overnight call rate on hold at “around 0% to 0.1%” at the July 30-31 Policy Board meeting,

FOMC preview

The June FOMC meeting statement described activity as expanding at a “solidpace," job gains “'strong," and unemployment “low." We don't see any of thatchanging. Since the June meeting the unemployment rate has risen another tick to4.1%, in line

FX Model Trend & Strategy

This publication was prepared by Bank J Safra Sarasin (BJSS) Trading department. The views or ideas expressed herein are those of the