Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
You can access both of our platforms from a single Saxo account.
Morning Brew December 13 2021
Erik Schafhauser
Senior Relationship Manager
Summary: Central Bank Week and Apple near 3 bio market cap
Good morning,
Central Bank Week is Upon us
This week will be dominated by central bank meetings with the most important ones the US Fed on Wednesday and the European Central Bank, the Bank of England, the Swiss National Bank and Danmarks Nationalbank on Thursday and the Bank of Japan and the Russian Central Bank on Friday.
The only change of rates is expected in Russia, overall the focus will be on the FOMC initially. A faster pace of tapering is widely expected – even if the US CPI on Friday did not come out higher than expected but largely in line.
On that, Equities gained and closed higher with the Dow up 0.60%, the S&P 500 0.95%, and the Nasdaq 0.73%. Elon Musk tweeted he was thinking about quitting his job, shares rose despite that by 1.3%. Oracle gained 15% on a strong outlook. Apple rose 2.8% pushing it`s market cap to near the 3bio USD at 2.944.
The USD can gain slightly over the weekend with the USD rising to 96.25., EURUSD trades at 1.1285 and GBPUSD at 1.3225. Gold and Silver make up most losses from Friday to trade at 1785 and 22.25. Bitcoin remains at 49k. The Turkish Lita broke above 14 against the USD at 14.05
The European Central Bank is set to halve the amount of assets it buys each month from April, according to a Reuters poll,
Credit Suisse announced a restructuring of it`s board this morning, any steps against Horta-Osorio for violating Covid restrictions are not yet included.
Biden signed his stimulus package on Saturday.
Today there is little on the agenda, worth keeping an eye on is comments from Fed members. In the last year there had been comments ahead of key events that moved the market.
Measures against Covid could be important as Israel is adding more countries tot eh restricted list and the UK seemed to prepare the population for restrictions.
Remain on your toes
Latest Market Insights
Quarterly Outlook
-
-
Quarterly Outlook
Equity Outlook: Will lower rates lift all boats in equities?
Peter Garnry
Chief Investment Strategist
After a period of historically high equity index concentration driven by the 'Magnificent Seven' sto... -
Quarterly Outlook
FX Outlook: USD in limbo amid political and policy jitters
Charu Chanana
Chief Investment Strategist
As we enter the final quarter of 2024, currency markets are set for heightened turbulence due to US ... -
Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
The Fed started the US rate cut cycle in Q3 and in this macro outlook we will explore how the rate c... -
Quarterly Outlook
Commodity Outlook: Gold and silver continue to shine bright
Ole Hansen
Head of Commodity Strategy
-
Quarterly Outlook
FX: Risk-on currencies to surge against havens
Charu Chanana
Chief Investment Strategist
Explore the outlook for USD, AUD, NZD, and EM carry trades as risk-on currencies are set to outperfo... -
Quarterly Outlook
Equities: Are we blowing bubbles again
Peter Garnry
Chief Investment Strategist
Explore key trends and opportunities in European equities and electrification theme as market dynami... -
Quarterly Outlook
Macro: Sandcastle economics
Peter Garnry
Chief Investment Strategist
Explore the "two-lane economy," European equities, energy commodities, and the impact of US fiscal p... -
Quarterly Outlook
Bonds: What to do until inflation stabilises
Althea Spinozzi
Head of Fixed Income Strategy
Discover strategies for managing bonds as US and European yields remain rangebound due to uncertain ... -
Quarterly Outlook
Commodities: Energy and grains in focus as metals pause
Ole Hansen
Head of Commodity Strategy
Energy and grains to shine as metals pause. Discover key trends and market drivers for commodities i...