海外研报

Global FX Trader Too Much Shade on the Carry Trade

n JPY: Carry not so scary. Since the sharp sell-off in USD/JPY that started onFriday and accelerated through Monday alongside broader market volatility, the

TAIEX -1% despite a 3% rebound in TSMC, amid declines across non-defensive

Performance: MSCI/All Taiwan +0.6%/-0.9% this week,outperforming MXAPJ by +1.5% (in US$), with gains in

Ferrous Tracker: Drop in Steel Output Hits Iron Ore Consumption

The Platts 62%Fe iron ore index (CFR China) returned to $99.3/t yesterday (8thAugust), down 4% from last Friday.

European Banks How Far Can Banks Fall?

CITI'S TAKE SX7P is -10% in just three days, following weak US economic data and increasing fears of a global hard landing, but does appear to have found a