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Global Macro

Yen's Weakness Sparks Concerns Over Rising Import Costs and Wage Growth in Japan

The recent depreciation of the Japanese yen, which briefly fell past the 160 mark against the US dollar, has raised concerns among government officials and economists about the impact on import prices and real wage growth in Japan, Nikkei Asia reports. While the yen has since rebounded to 154, speculation

Oil Price Outlook: Upside Risks Dominate, Says World Bank

Despite a moderate price increase projected for 2024, the World Bank's latest report on the global crude oil market warns of significant upside risks that could send prices soaring. Escalating geopolitical tensions, particularly in the Middle East, and potential disruptions to North American oil production are identified as
Oil Price Outlook: Upside Risks Dominate, Says World Bank

Global Economic Expansion Broadens, But US Growth Slows: S&P Global

The global economic expansion is becoming increasingly broad-based, with Europe and Japan showing signs of accelerating growth, according to the latest Flash PMI data compiled by S&P Global. However, the US economy appears to be bucking this trend. It is experiencing a slowdown in growth and a decline
Global Economic Expansion Broadens, But US Growth Slows: S&P Global

US Labor Market Braces for Mid-Cycle Slowdown

The US labor market is poised to enter a slowdown in the coming months, according to an analysis published by Goldman Sachs last week. The bank cites declining temp penetration, a leading indicator of broader labor market trends, as evidence of the impending slowdown. "With increasing instances of hiring

Corporate Credit Spreads Remain Tight

Corporate credit spreads widened slightly during the last weekly period, but remained tight overall. This indicates that market participants remain confident in the creditworthiness of borrowers and view the overall economy favorably, according to a report by Moody's Analytics. Moody's Ratings long-term average corporate bond spread
Corporate Credit Spreads Remain Tight

Nomura Bullish on Fixed Income, Cautious in Near Term

Nomura is bullish on the fixed income market over the medium term, citing compelling yields and expectations of interest rate cuts by the Federal Reserve later this year. "Rates are ultimately in deeply restrictive territory and will need to be cut repeatedly to avoid undue pressure on economies that

China Real Estate: Multi-Year Adjustments Needed, RBC Predicts

China's housing market is grappling with significant issues that could hinder the country's economic growth for years to come, according to a memo by Royal Bank of Canada (RBC). Affordability of Chinese Real Estate A key concern highlighted by the asset management firm is affordability. Housing
China Real Estate: Multi-Year Adjustments Needed, RBC Predicts

Tech Optimism Helps Offset Macro Worries: UBS

Strong earnings results from Microsoft and Alphabet have boosted optimism in the tech sector and helped offset concerns over the US economic outlook, according to an article published by UBS. S&P 500 futures pointed to a positive end to the week for equities, as investors cheered the tech
Tech Optimism Helps Offset Macro Worries: UBS

Private Equity at an Inflection Point: Goldman Sachs

After a sluggish year for dealmaking in 2023, the private equity industry is poised for a turnaround, according to a recent report from Goldman Sachs. Key factors driving this expected resurgence include stabilizing interest rates, strong company balance sheets, and a substantial pool of "dry powder" - capital
Private Equity at an Inflection Point: Goldman Sachs

US Crude Oil Inventories Fall, Gasoline Production Declines: EIA

US crude oil refineries processed an average of 15.9 million barrels of crude oil per day during the week ending April 19, 2024, a slight decrease from the previous week, according to the latest Petroleum Status Report from the US Energy Information Administration (EIA). Operating at 88.5% of