海外研报
筛选
Weekly spending update through July 27
Key takeaways• Total card spending per HH was up 0.1% y/y in the week ending Jul 27, according to BAC aggregated credit & debit card data.
海外研报
2024年08月02日
Situation Room July FOMC: Yes man
The biggest takeaway from the July FOMC was that chair Powell largely agreed with market pricing for a September cut (Exhibit 1), assuming no big surprises on inflation.
海外研报
2024年08月02日
China-Australia resources trade: transitioning
China’s structural transformation has begun. Its ‘new trio’ – electricvehicles (EV), lithium batteries and photovoltaic products – will likely
海外研报
2024年08月02日
China data preview: a weak start to H2 2024
Slowing industrial production: The production subindexes of both official and Caixin manufacturing PMI slowed in July, signalling a
海外研报
2024年08月02日
How effective is currency hedging usingforwards?
One of the many complexities in currency risk management arises from effectivelymanaging risk of a portfolio exposed to continuous currency exposure. This isimportant for both corporations and asset managers alike. For corporations, thisform
海外研报
2024年08月02日
July 2024 Performance Review
July was a month of two halves, with the first half seeing the S&P 500 hit asuccession ofrecord highs, Bonds also rallied as speculation mounted that the Fedwould cut rates in September, particularly after the USCPl report came out. Butriskassets
海外研报
2024年08月02日
Hong Kong: Retail sales rose in June
On a month-over-month basis (seasonally adjusted), Hong Kong retail salesincreased in June (+1.7% in value terms, +1.4% in volume terms). Sales value rose
海外研报
2024年08月02日
Japan: government expects BoJ to create steep curve, not rate hikes
The government has clearly indicated that it intends to “shift corporations from excess savings to excess investment, and completely
海外研报
2024年08月02日
Powell has a labor market bee inhis bonnet
While the Fed left rates on hold today,both the FOMC statementand Powell's pressconference strongly hinted that the first cut is likely coming at the next meeting inSeptember, The statement shifted the Fed's worries from tilted toward
海外研报
2024年08月02日
Earnings Bars (AAPL, AMZN, DASH, INTC, MCHP, NET, SNAP), ARM, LRCX, META, QCOM
Sentiment: Still one of our more crowded shorts, but it’s seen substantial covering by equity L/S funds. In the wake of TXN (where embedded was weaker) and STM (MCU weaker) results – the latter of which feels more idiosyncratic
海外研报
2024年08月02日
