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Justin

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Master degree from National University of Singapore, mainly engaged in the research of macro stock index and treasury bond futures, has a solid theoretical foundation of financial derivatives, and passed CFA Level 3.
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From Anomaly to Opportunity: High Yields on Short Bonds

Stock and bond markets were shaken by the recent banking crisis in the US and Europe. Although both US and European authorities took prompt action to prevent damage to the financial system and dampen market volatility, these episodes highlight the importance of risk management and the worth of proven investment strategies that can both mitigate risk and generate worthwhile returns.

Eurozone Bank Lending Dampened by ECB ’s Monetary Tightening

Bank lending to corporates fell again in February, while growth in household borrowing is still on a downward trend. Expect weakness in lending to continue as the effects of European Central Bank hikes work their way through the system. The risk of contraction on the back of monetary tightening in the eurozone remains significant.

Week Ahead - Eurozone and Us Inflation to Come under the Microscope after Rate Decisions

Amid ongoing jitters about the fallout from the banking sector, inflation will fall back into the limelight next week. The flash CPI readings for the euro area as well as the PCE inflation figures out of the United States will grab most of the headlines, in an otherwise quiet week. Australia will also get inflation data, and in Japan, Tokyo prices will be watched. Hot CPI numbers could roil markets as central banks have indicated that they are not about to take their eye off the ball during these turbulent times.

UK Economic Resilience in March Signalled by Flash PMI

With the flash PMI surveys signalling a second month of rising output in March, the UK economy looks to have returned to growth in the first quarter. The surveys are broadly consistent with GDP growing at only a modest quarterly rate of 0.2%, but this represents a welcome expansion compared to the lack of growth seen in the second half of last year.

Eurozone Data Takes Centre Stage, but the Market Is on the Lookout for Banking Headlines

With the market remaining on its toes regarding the ongoing banking sector issues, next week brings significant data in the euroland in the form of business surveys and inflation data. The ECB is clearly interested in these economic releases, particularly following last meeting’s change of strategy. However, there is a lingering fear about further negative banking news that could possibly derail the ECB’s tightening effort and put a stop to the euro’s rally.

Eurozone Pmi Posts Surprise Jump in March

The eurozone composite PMI jumped from 52 to 54.1 in March, mainly driven by services as manufacturing stagnated. Price pressures continue to fall but remain elevated, especially in services which will concern the European Central Bank.

Yellen Says Treasury Is Ready to Take 'Additional Actions If Warranted' to Stabilize Banks

The federal emergency refunds to depositors at Silicon Valley Bank and Signature Bank could be deployed again if necessary, Treasury Secretary Janet Yellen told a House panel."The strong actions we have taken ensure that Americans' deposits are safe. Certainly, we would be prepared to take additional actions if warranted," said Yellen.The statement conveyed a different message than Yellen's remarks a day earlier, when she told senators that Treasury was not considering any plans to insure all U.S. bank deposits without congressional approval.

China Is Putting Its Economy Back on Track

Parliamentary sessions lay out priorities and plans for reform.

Bank of England Tightening Likely Done as It Hikes by 25bp

The BoE has kept its options open this month amid financial market turmoil. But assuming the tentatively encouraging trends we've seen in price setting and wage growth numbers continue, we'd expect a pause in May.

Credit Suisse: a Failure of Regulatory Culture

Banks are paralysed by a level of bureaucracy that cannot work.
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