Geopolitics and cautious positioning – MUFG

Geopolitics and cautious positioning – MUFG

MUFG’s Senior Currency Analyst Michael Wan highlights that Asian currencies have held up alongside a weaker Dollar despite renewed tensions around the fragile two-week ceasefire in the Middle East. He stresses that physical Oil flows through the Strait of Hormuz remain constrained and advises clients to stay cautious on risk and hedge exposure to vulnerable […]

Pricing disconnect persists – BNY

Pricing disconnect persists – BNY

BNY Strategist Geoff Yu argues that European rate markets still discount too many hikes for the European Central Bank (ECB), Bank of England (BoE) and Swiss National Bank (SNB) despite an improvement in global risk sentiment following the U.S.–Iran ceasefire. He highlights that current futures pricing remains well above levels at the start of the […]

US GDP expands at annual rate of 0.5% in Q4 vs 0.7% expected

US GDP expands at annual rate of 0.5% in Q4 vs 0.7% expected

The United States’ (US) real Gross Domestic Product (GDP) expanded at an annual rate of 0.5% in the fourth quarter, the US Bureau of Economic Analysis’ third estimate showed on Thursday. This print followed the 0.7% growth announced in the previous estimate and came in below the market expectation of 0.7%. “Real GDP was revised […]