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New Post: Round up of today’s market news - https://lnkd.in/dsdgDqcp US Equities Rebound After Friday's Decline * Atlanta Fed GDPNow growth estimate for Q3 growth rises * Yellen over the weekend says no red lights flashing for financial risks, & US economy reached soft landing * Gold Rises Ahead of US Inflation Data as Traders Anticipate Fed Rate Cut * Russia's coal exports to China drop 8% in H1 2024, rebound expected in 2025 * China's central bank has paused its Gold purchases for the fourth consecutive month in August * Major European indices close higher to start the trading week * German Finance Minister backs Draghi's growth focus but not joint EU borrowing * China to issue up to €2 billion in euro sovereign bonds in Paris * Japan chief cabinet secretary Hayashi cites BOJ's Ueda saying more rate hikes ahead

The current economic landscapes of the United States and the European Union are characterized by starkly divergent monetary policies. In a bid to balance inflation control with economic growth, the Federal Reserve has opted to hold interest rates steady, maintaining the federal funds rate at a target range of 5.25% to 5.50%. On the other hand, the European Central Bank (ECB) has taken a different route by reducing interest rates for the first time in five years. The recent cut in the deposit rate to 3.75% reflects the ECB's reaction to decreasing inflation and prolonged economic slowdown. This decision marks the beginning of an expected series of rate reductions, highlighting a more aggressive approach to boost the Eurozone economy. This divergence in monetary policy between the Fed and the ECB is predicted to have notable effects on the global economy. A stronger US dollar, supported by higher interest rates, might influence trade dynamics by potentially raising the prices of US exports and lowering those of imports. Conversely, the euro could come under pressure, impacting the trade competitiveness of the Eurozone. Financial markets are likely to experience volatility as investors adapt to these distinct monetary policy paths, potentially favoring US assets due to the promise of higher returns. Keep yourself updated with the newest Miura Analysis and stay in the loop with the ever-changing economic trends and how they are affecting global markets. A special thanks to our Macro Group members for their contributions: Andrei Crapotca Daniele Cristaldi Enrico Schiavina Gabriele Balboni Leonardo Barichello Martin Gjoni Matteo Jonghi Michele Gianangeli Simone Benedetto Simone Scambia We extend our gratitude to our graphic designer: Michele Vitale Stay tuned for more insightful research! #FinancialResearch #USEconomy #MiuraFinancialResearch #EconomyAnalysis #TeamWork #ThankYou #FED #BCE https://lnkd.in/dTvS622G

The AM Call: We Need to Talk About Rates It was another volatile week for the markets as Fed talking heads continued to dominate Treasury action. Chair Powell went on the record to note a “lack of further progress” in reaching the Fed’s 2% inflation goal. Meanwhile, regional Fed Presidents Bostic and Mester both indicated they were in no rush to cut rates, while New York Fed President Williams refused to rule out another rate hike if the data warranted. Read more by clicking below and visiting our blog.

Benchmark sovereign bond yields are commonly broken into a risk-free rate and a term premium. Understanding what drives each component is key, but trouble is that neither is directly observable and must be derived from either market data or surveys of consensus. The puzzle on the US term premia is the fact that the most commonly watched estimates hereof have spent much of the past decade in negative territory. Does the recent climber higher in US term premia mark the start of a new secular upward trend? How is the Fed ultimately likely to respond? Know more in my latest opinion paper for L'AGEFI⤵  📍 Direct link to the French version on l'Agefi website is available in the 1st comment https://lnkd.in/e9ju98MU

In September's monthly recap, our investment team covers how recent returns buck the trend, the Fed's decision to cut rates by 50bps, and a stimulus package in China. Follow the link below to read the entire piece. https://bit.ly/3ZTRmJ5

In September's monthly recap, our investment team covers how recent returns buck the trend, the Fed's decision to cut rates by 50bps, and a stimulus package in China. Follow the link below to read the entire piece. https://bit.ly/3zSHaG0

In September's monthly recap, our investment team covers how recent returns buck the trend, the Fed's decision to cut rates by 50bps, and a stimulus package in China. Follow the link below to read the entire piece. https://bit.ly/3XYfYOi

In September's monthly recap, our investment team covers how recent returns buck the trend, the Fed's decision to cut rates by 50bps, and a stimulus package in China. Follow the link below to read the entire piece. https://bit.ly/3Y3rHei

In September's monthly recap, our investment team covers how recent returns buck the trend, the Fed's decision to cut rates by 50bps, and a stimulus package in China. Follow the link below to read the entire piece. https://bit.ly/4h0NfB6

In September's monthly recap, our investment team covers how recent returns buck the trend, the Fed's decision to cut rates by 50bps, and a stimulus package in China. Follow the link below to read the entire piece. https://bit.ly/3XSgUn2