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Global Commodities What a Trump presidency could mean for commodities
Arguably the most important delta for physical commodity markets coming from a Trump Presidency—a proposed implementation of major tariffs on US imports —wouldn’t come for
海外研报
2024年07月19日
ECB—Holds Rate and Emphasises Data-Dependence
BOTTOM LINE: The Governing Council left all policy parameters and the formalguidance unchanged, as widely expected. During the press conference, President
海外研报
2024年07月19日
The rotation has yet to reach CCCs
Cuts are unlikely to flatten IG curvesn USD IG spread curves have remained remarkably stable this year. n A transitory downstream flow effect of Fed cuts on front-end spreads is possible
海外研报
2024年07月19日
Global Rates Trader Front-end tipping point
Stars align for Fed cuts, tailwind for G10 front-end flatteners. Six months agothe US rates market embedded nearly 175bp of cuts for the year and the prospect of
海外研报
2024年07月19日
GS DOT budget tracker points to slowing state infrastructure spending plans in 2026+
As part of our GS US Infrastructure toolkit, we conducted our annual update ofall 50 US state transportation budgets, which revealed:
海外研报
2024年07月19日
Supply and Cash Flow Monitors
EUR22.5bn gross supply and EUR0.9bn net supply on the back of bigBTP redemptions and Bunds coupons. On offer new 10Y Bund, Green Bunds tap, LT OAT, SPGB (new 7Y) /
海外研报
2024年07月01日
June US CPI Inflation preview: Further progress
CPI to increase Fed’s confidence on disinflationWe expect the June CPI report to be another confidence builder following the undeniably good May report. We forecast headline CPI rose by 0.1% m/m (0.11% unrounded) owing
海外研报
2024年07月11日
Thoughts ahead of June quarter-end earnings
Hockey sticks get iced; volume recovery less robustMost companies across our consumer staples coverage universe began the year expecting volumes to improve while pricing fades as a building block to organic sales
海外研报
2024年07月11日
MACRO TRENDS CHARTBOOOK
With nominal growth in the major global economies not only slowing down to below 20y average (4.9% yoyin Q1-24 or -0.3z) but also with a more compressed distribution than in the pre-Covid period, monetary
海外研报
2024年07月15日
