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April 23, 2024
April 22, 2024
Preview: Due May 1 - U.S. April ADP Employment - Underperforming payrolls
April 22, 2024 6:40 PM UTC
We expect a 150k increase in April’s ADP estimate for private sector employment growth, which would be in line with recent trend, but continuing to underperform private sector non-farm payrolls, which we expect to rise by 195k. We expect overall payrolls to rise by 255k.
Indonesian Court Delivers Verdict: Prabowo prevails
April 22, 2024 3:18 PM UTC
The Constitutional Court dismissed cases against Vice President Gibran Rakabuming Raka and President Joko Widodo. In Gibran's case, the court didn't disqualify him from running for president but sanctioned the election committee for not amending regulations following a previous ruling. This ruling l
Short-end European Government Bonds Following U.S. But June Decoupling
April 22, 2024 1:15 PM UTC
The Fed’s shift to higher for longer has spilled over to drag European government bond yields higher through April. This now looks overdone as a June ECB rate cut is not fully discounted and ECB officials/data clearly point towards a 25bps cut. UK money markets are more out of line, with a Jun
UK: Services Inflation Resilience – An Alternative Perspective?
April 22, 2024 10:03 AM UTC
Although still with three members openly resistant to cutting Bank Rate, it does seem as if an MPC majority is nevertheless edging toward easing policy conventionally. This reflects a view among the less hawkish and more pliable MPC members that risks to persistence in domestic inflation pressures
FX Weekly Strategy: April 22nd-26th
April 22, 2024 9:09 AM UTC
US yields could edge lower ahead of the FOMC on May 1
EUR/USD upside still looks limited given current spreads
More evidence of recovery in PMI data could trigger some modest USD losses
AUD to focus on CPI with RBA stance in the balance
JPY downside may be restricted by BoJ, but lower US yields needed t
The Pulse of the Nation: Insights into India's 2024 Election
April 22, 2024 7:54 AM UTC
As India braces itself for the upcoming elections, the political landscape is rife with anticipation, strategy, and uncertainty. With the ruling Bharatiya Janata Party (BJP) seeking to consolidate its power and a diverse coalition of opposition forces vying for a chance to unseat them, the stage is