海外研报

Oh what a difference the margin makes

Workday delivered broadly in-line F2Q results and F3Q/FY25 guidance which were overshadowed by updated mid-term targets, slightly lowering Subscription

Moderate buying in the region this week

Foreign (FII) flows / positioningn EM Asian ex-China region saw buying (+US$0.9bn) this

End of Week Market Intelligence: ready...

US stocks are trading higher Friday and on pace for a ~1% gain for the week (for theS&P 500 as of Friday at 1:30 PM) as investors have been reacting to a slew of

FX Daily Snapshot Europe Weekly Focus

The flash PMIs for August did little to ease concerns about a slowing euro area economy. A temporary boost to French services from the Olympics

All to play for in final leg of US presidential election

FX View: This week the US dollar (DXY) has fallen a further 1.0% as markets position with increased confidence for the start of the Fed easing cycle in

Confirmation Bias In Action

Sometimes financial markets seem almost willfully perverse. During Wednesday’s trading, the price of the front-month WTI crude oil future fell

Permanent Portfolios, Policies And Asset Returns

“You were given the choice between war and dishonor. You chose dishonor, and you will have war.”

Global Credit Trader There and back again

While spreads have nearly completed their round-trip back to pre-selloff levels,implied volatility on macro indices remains elevated.

Global Economics Wrap-Up: August 23, 2024

August flash PMIs show strength in services but continued weakness inmanufacturing:

Global Rates Trader Pivot in Place

A heightened focus on growth risks continues to dominate price action in G10 rates.Chair Powell’s speech at Jackson Hole extended the Fed’s transition from focusing