海外研报

MONETARY POLICY MATTERS, BUT GROWTH MATTERS MORE

Macro Drivers: Despite the soft payroll numbers, a US recession remains unlikely ◼ Multi Asset: Fed cuts are only good for risk assets when a recession does not follow

Yen Carry And AI Bubble: One And The Same Trade

The analysis of price complexity strongly suggests that the ‘yen carry trade’ and the AI bubble are one and the same trade, premised on three conditions:

Volatility fire sale over with commodities wellpositioned for Fed rate cuts next month

Global commodities: Navigating commodities in micro and macro cross-currents juxtaposed against thin summer liquidity has been the key theme over recent weeks.

Global Economics Weekly Key Global Data

A summary of forthcoming data releases and market-moving

Taiwan: August Inflation Inches Down

Taiwan’s headline CPI inflation inched down to 2.4% yoy in August from 2.5% theprevious month after three months of acceleration. The outcome was above

DB--Poised to reshape multiple industries

In conjunction with our US Autos resumption of coverage, we take a closer look at Tesla's upcoming Robotaxi Day (10/10), advantages in autonomous driving, and

GS--Capital Markets Day: In-line targets relative to elevated expectations;

T-Mobile Capital Markets Day highlights in-line financialmetrics, with strong broadband targets on fixed wireless and

SocGen - Week Ahead in Economics - Big data week for the ECB after the Fed surprise

The surprise move by the Fed implies a high level of confidence that inflation is on track to

SocGen - Forex Trade Idea - EURGBP looks set to bounce - cheap option trades

SocGen - Forex Trade Idea - EURGBP looks set to bounce - cheap option trades