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This week, market attention will focus on US quarterly earnings, the Fed’s Beige Book, and key international events like the IMF-World Bank meeting and BRICS summit, while central bank commentary and data releases, including US PMI, durable goods, and consumer sentiment, will shape economic outlooks amidst election-driven volatility; last week saw a mixed US economic picture, a strengthening dollar, lower oil prices due to demand concerns, and China’s economic stabilization efforts amid policy easing. Read this week's commentary here ➡️ https://lnkd.in/eVMZuPmM #WeeklyCommentary #MeDirect #markets #financialmarket #marketupdates #MarketViews MeDirect Bank (Malta) plc, company registration number C34125, is registered by the MFSA and is licensed to undertake the business of banking in terms of the Banking Act (Cap. 371) and investment services under the Investment Services Act (Cap. 370). MeDirect Bank (Malta) plc, The Centre, Tigné Point, Sliema, TPO 0001, Malta.

As inflation and growth continue to moderate, setting the stage for interest rate cuts, Brandywine Global believes recession risks remain modest. Learn more: https://s.frk.com/3Yn0vsU

https://lnkd.in/eG6XFWkq Market conditions have remained volatile since early September, as investors reassess the risk that the US economy ends up experiencing a sharper slowdown than expected. #financialmarkets #economy #USeconomy #economicoutlook #ECB #inflation #interestrates #bonds #consumption #Fed #keplercheuvreux #Wealthmanagement

📈 Market Warm Up (12/04/24): 🏦 US Treasury Yield Rises: - The yield on the 10-year US Treasury surged to 4.59%, marking the highest level since mid-November. This climb of over 70 basis points since the year's end reflects the market's reassessment of the Federal Reserve's next steps following recent inflation data. 💡 Fed Rate Cuts Expected Despite Delays: - Expectations continue for the Fed to cut rates, starting in September with a total reduction of 50 basis points by the year's end. This comes amid anticipations of inflation falling closer to the Fed's 2% target, a cooling jobs market, and slowing economic growth, all contributing to an overall easing bias from the Fed. 🌍 Global Disinflationary Trends and Central Bank Actions: - Disinflationary trends in key economies alongside the first rate cut by the Swiss National Bank and a cautious stance from the ECB underline a constructive view on quality bonds. Despite the divergence between the US and other advanced economies, a long-term correlation in inflation trends persists. 📝 Paul Donovan's Insights: - ECB President Lagarde's signals of upcoming rate cuts are aligned with economic logic, despite the precise timing of such actions being less critical outside of liquidity crises. The complexity of economic forecasting, particularly in rapidly changing economies like the UK, underscores the challenges in policy precision. 🌏 Geopolitical Developments: - Iran communicates a measured approach in responding to tensions with Israel, signaling caution to Washington amid concerns over potential conflicts. The US, while not expecting to be drawn into a direct conflict, anticipates that Iran's restraint might not prevent targeted attacks against Israel, reflecting a nuanced stance on maintaining stability while preparing for possible escalations. 📆 What to Watch on 15 April 2024: - The economic calendar highlights include US March retail sales, Switzerland March PPI, and Eurozone February industrial production, providing further insights into global economic conditions. --- Financial Disclaimer: This summary is provided for informational purposes only and is not intended as financial advice. Economic and market conditions are subject to rapid changes. Investors should consider their financial position and consult with a financial advisor before making investment decisions.

This week's market #update by Nathan Amaning covers key events including interest rate decisions by the #BoE and US #Fed, the BoJ's unexpected rate hike, and notable economic data from the #US and Eurozone. Amidst economic shifts, government bonds outperformed, reflecting concerns over global economic slowdown. Read the full market update - https://lnkd.in/ePESDrWW

Benchmark sovereign bond yields are commonly broken into a risk-free rate and a term premium. Understanding what drives each component is key, but trouble is that neither is directly observable and must be derived from either market data or surveys of consensus. The puzzle on the US term premia is the fact that the most commonly watched estimates hereof have spent much of the past decade in negative territory. Does the recent climber higher in US term premia mark the start of a new secular upward trend? How is the Fed ultimately likely to respond? Know more in my latest opinion paper for L'AGEFI⤵  📍 Direct link to the French version on l'Agefi website is available in the 1st comment https://lnkd.in/e9ju98MU

#Inflation 📈 Our view on the strong #CPI data release this week and what it means for US #interestrates, along with prospects for the #ECB to start cutting and Fitch’s downgrade of #China’s debt outlook, all in this week’s #capitalmarkets review: #economy #recession #growth #equities #bonds #Fedpolicy #EuropeanCentralBank #bondyields #emergingmarkets #investingstrategy #wealthmanagement https://lnkd.in/gqUiuBSH

May proved to be positive month for markets overall, with most assets rebounding after a difficult April. Global equities were up 2.3% in GBP terms, with the US outperforming alongside Europe. On the fixed income front, Global High Yield and Investment Grade Credit were up by more than 1%. Returns for Global Government Bonds were more modest, though still positive. At over 3.5% Global Listed Real Estate experienced some of the strongest gains. Inflation continued to drive investor sentiment. Evidence at the start of the month that US inflation had eased after edging higher in Q1 was particularly well-received by investors. Dovish comments from Fed Chair Powell who pushed back on the prospect of rate hikes at the Fed’s meeting further boosted market sentiment. This helped push equity markets such as the S&P 500 and STOXX Europe 600 to new all-time highs. Government bonds also rallied against this backdrop. However, as we entered the second half of the month, the market rally began to soften. Stronger economic data than expected and in the case of Europe, hotter inflation than anticipated, led investors to unwind some of the optimism around the outlook for a looser monetary backdrop. Other notable developments in May included: > The Swedish Riksbank became the second G10 central bank to cut rates this cycle, delivering their first rate cut since 2016. > May marked the first time since 2012 that the 10-year Japanese Government Bonds yields moved above 1%. For professionals investors only. Capital at Risk.

According to our Chief Economist David Bassanese, today’s June quarter consumer price inflation report was good enough to likely rule out an interest rate increase from the Reserve Bank next Tuesday. As the global monetary policy cycle shifts towards easing, and a “soft landing” for both the Australian and US economies grows in likelihood, we're entering the perfect environment for the performance of duration and credit. Learn about an ETF that has the potential for strong returns in this environment: https://lnkd.in/gn_NwNvK

#GlobalDebt, #InterestRates, and #Inflation: Navigating the Path to 2025 As we approach the midpoint of the decade, global debt, elevated inflation, and fluctuating interest rates dominate the economic landscape. The world continues to grapple with the aftermath of pandemic-induced fiscal policies, geopolitical tensions, and structural shifts in global supply chains. Together, these factors present a formidable set of challenges, creating uncertainty for policymakers, investors, and corporations alike. Understanding the dynamics of debt, inflation, and interest rates is essential for navigating this complex environment, particularly for international finance centres (IFCs) and for global financial markets. For analysis of the current situation and signposting to a path for IFCs through 2025 please read on: https://lnkd.in/ew959hPv #mourant #globaldebt #interestrates #inflation