Hedging demand rises with Banxico in focus – BNY

Hedging demand rises with Banxico in focus – BNY

BNY’s Geoff Yu argues Latin American FX and equities now represent a single crowded ‘total return’ trade, with all regional currencies still overheld while bond holdings begin to reverse unevenly. In Mexico, expectations for lower rates are driving more FX hedging ahead of a likely 25 bp Banxico cut, even as sovereign bond demand stays […]

WTI Crude Oil tumbles on US-Iran deal hopes, Strait of Hormuz eases

WTI Crude Oil tumbles on US-Iran deal hopes, Strait of Hormuz eases

West Texas Intermediate (WTI) US Oil falls sharply on Wednesday and trades around $91.00 at the time of writing, posting an 8.91% daily decline as markets rapidly reassess geopolitical risks in the Middle East following reports from Axios suggesting major progress between the United States (US) and Iran. According to Axios, Washington and Tehran are […]

Tech and cyclicals extend rebound – Danske Bank

Tech and cyclicals extend rebound – Danske Bank

-Danske Research Team highlights a strong rebound in global equities, led by US technology and semiconductor names, with Intel, Qualcomm and Micron up double digits. Asian markets, including Korea and Shenzhen, also rallied, while European equities lagged due to sector composition. General cyclicals and small caps gained on reassuring US ceasefire comments. Tech leadership and […]