Jefferies EMEA Market Minutes

By Meredydd Watts

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Daily insight into equity markets including research calls, factor & sector analysis, key macro events and trends ---- THIS IS NOT EQUITY RESEARCH: This material is a marketing com... more

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FAQs about Jefferies EMEA Market Minutes:

How many episodes does Jefferies EMEA Market Minutes have?

The podcast currently has 366 episodes available.

Jefferies EMEA Market Minutes episodes:

June 22, 2020 Monday 22nd June - Remarkable market resilience of markets despite 2nd wave fears
Recorded 10:30am GMT / 5:30am EST
* Europe +0.1% having opened -1%
* Thin volume tape with rising dispersion with limited risk leadership
* Resilience of markets impressive despite increasing virus fears ...
* UK big focus.. Potential social distance cut coming tomorrow, VAT cut coming? and BoE talking about (when the time is right) reducing balance sheet pre rate rise.. Does this open the door again to negative rates with the lower bound not being zero?
* German woes... Lufthansa -5% with large holder wanting to block the government takeover... Wirecard -35% -- over the last few days WDI has knocked 130 points off the Dax, that's 1%
THIS IS NOT EQUITY RESEARCH: This material is a marketing communication and is not and should not be construed as investment research
Please refer to Jefferies’ important disclosure via this link: www.jefferies.com/globaljefferiesllc
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7min
June 19, 2020 Friday 19th June - Quadruple witching day
• Europe is trading +80bps Our flow, as has been for the last week is 2:1 better to sell.
• Crude back above 40
• No definitive direction in terms of risk, slightly more to the risk off... Both Utils and Energy both +1% are outperforming and Banks are inline and the reits are firmly at the bottom of the table -1% ...
• Finland & Sweden plus the Quadruple Witching - Stock Index Futures, Stock Index Options, Stock Options, Single Stock Futures all Expire today
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4min
June 18, 2020 Thursday 18th June
Central bank focus
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5min
June 17, 2020 Wednesday 17th June:
Positive sentiment remains but big macro focus persists
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5min
June 16, 2020 Tuesday 16th June:
Risk on rally
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5min
June 15, 2020 Monday 15th June - The battle with the “second wave”....
Recorded 10:30am GMT / 5:30am EST
* Europe -1.5%, was down as much as 3%.
* 90% of headlines citing virus returning to Beijing but track and trace seems in full swing and local investors don't seem spooked
* Early weakness in Europe being bought - we are 2:1 better to buy
* VERY busy week with macro events, UK non retail opening, Powell speaking 3 times, ECB/BoE & TLTRO results
* Expiry Friday - starting to look at pin risk
THIS IS NOT EQUITY RESEARCH: This material is a marketing communication and is not and should not be construed as investment research
Please refer to Jefferies’ important disclosure via this link: www.jefferies.com/globaljefferiesllc
...more
9min
June 12, 2020 Friday 12th June: European bounce back
Macro themes driving
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5min
June 11, 2020 Thursdays 11th May - Europe -250pbs as the market concentrates on Powell’s somber outlook
• Europe -250bps this morning with all sectors in the red. VIX +10% back above 30. Net Momo continues to outperform as the Momentum shorts -4% are pushed lower led by airlines -7%.
• Resurgence in local virus infection rates is hitting US states that have recently reopened, causing concern about a potential second wave.
• After the European close yesterday The Fed delivered a dovish message, even managing to exceed market’s dovish expectations
• In terms of the Feds guidance on Yield Curve control they kept the door open for further steps at the coming (likely September) meetings.
• ECB’s Chief Economist Lane was also very dovish overnight arguing that the ECB needed to increase the PEPP size at the last meeting and is ready to expand its tool kit further. We do not expect new measures from the ECB at the July meeting, but the dovish stance would prevent any meaningful sell-off in core rates and support peripheral spreads.
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6min
June 10, 2020 Wednesday 10th June - Risk off ahead of FOMC
• Europe now just turned negative after being up as much as 1% this morning... And the stocks 600 are seeing Lower volumes today as the market awaits the decision from Fed
• News spec that the ECB is planning to create a bad bank.
• HAWKISH ECB headlines out from one governing council member questioning the need for more stimulus. Headlines: low inflation only being short term risk & he thought PEPP increasing further isn't necessary
• Were predicting that the Fed will be on the dovish side ignoring the recent positive performance in risky assets or the "strong payroll data".
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6min
June 09, 2020 Tuesday 9th - Value finally fading with short momentum also fading
Recorded 10:45 GMT / 5:45am Eastern Time
* Europe -1.5%, was down as much as 2%. Quite the move after markets opened up on the day
* All asset classes showing similar risk off trends, yield curve flattening a feature which sees banks hit particularly hard
* Airlines "only" -2%, mid table, and we look into short base and utilization rates to conclude its hard for HFs to press the sector lower from here
* Tech resilience reflecting LO demand for growth on the pullback
* Factor and style baskets showing huge moves and volatility which or me shows just move much this is a macro tape today
* Tobacco in focus with BATS trading stmt a little bit soft on 2Q and NGP guidance also walked back a bit
THIS IS NOT EQUITY RESEARCH: This material is a marketing communication and is not and should not be construed as investment research
Please refer to Jefferies’ important disclosure via this link: www.jefferies.com/globaljefferiesllc
...more
8min

FAQs about Jefferies EMEA Market Minutes:

How many episodes does Jefferies EMEA Market Minutes have?

The podcast currently has 366 episodes available.