海外研报

On Our Minds A pragmatic budget, but could have been bolder

The new government’s first full budget was pragmatic, but it could have been bolder. When one looks at it as a pure accounting exercise, which it actually is, the budget neither

MARKETS CAN TAKE WEEKS TO REBOUND FROM A VOLATILITY SPIKE

Friday’s weak NFP print put recession risks front and centre. However, one disappointing payrolls release is notenough to declare one: (1) 114k new jobs are consistent with economic expansion; (2) cyclical sectors are still

Automotive Industry Weekly automotive pit stop

Valuation update – Pages 9-13We believe that the accompanying valuation framework is one of the most important fundamental fasctors that should be considered when making investment decisions on .

The Yen Carry Trade—A Roadblock to BoJ Hikes, Not Fed Cuts (Fishman/Kanter)

The recent sharp appreciation of the Yen coinciding with a spike in cross-assetvolatility has heightened the focus on the “Yen carry trade” and the broader

Tech’s rebound and two ratios to watch

Since August low, reversing Tech sector has helped Growth and