海外研报

CP monitor: higher financials supply

Supply: notable pickup in foreign financials CP outstanding has increased $35bn since the end of June, bringing the total to $1.27tn.

US Rates Watch Fed funds: higher when FHLB discos rise

Fed funds will rise with FHLB discount note ratesClients have increasingly asked: when will the effective federal funds (FF) rate rise? Our answer

Fed to start with 50bp cuts in rapidly weakening labor market

CITI'S TAKEFor some time we have highlighted risks that a gradual weakening in thelabor market would at some point turn more rapid, This is much moreevident in July employment data, with the unemployment rate rising to4.3% alongside a more notable

Daily and weekly indicators for the US economy

Torsten Slok joined Apollo in August 2020 as Chief Economist and he leads Apollo's

What Are Surprising Macro And Micro Takeaways From Earnings Thus Far?

This week in the Pulse, we ask our senior analyst team to reflect on macro themesthat have surprised us during earnings. Additionally, we ask the team to discuss an

Global Credit Trader The growth scare comes for credit too

An earlier than expected growth scaren A series of weaker than expected data releases, including the July employment

Global Economics Wrap-Up: August 2, 2024

Former US President Donald Trump’s proposed tariffs are likely to accelerateshifts in the allocation of global trade:o We use product-level variation in tariff rates and trade patterns to estimate

Global FX Trader Running Late?

USD: Far enough; go short EUR/USD. Our economists think the Julyemployment report likely overstates the rate at which the labor market isloosening,

Global Rates Trader From “If and When?” to “How Much?

This week’s moves reinforced the trend of G10 rates markets placing greateremphasis on growth over inflation risks. In the US, the combination of an FOMC

1QFY25 earnings improved this week with beats ahead of misses

Performance: NIFTY closed flat w/w. Energy, Pharmaled (up 1-3%), while Property, IT lagged (down 3-4%).