Standard Chartered Money Insights

German election results are in, and it appears the base-case scenario of a left-leaning coalition of the SPD, Greens and FDP is playing out. In this episode, DJ Cheong highlights what this means for the EUR in the near and medium-term.

Speaker:
- DJ Cheong, Investment Strategist, Standard Chartered Bank

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Markets have heaved a sigh of relief after the Fed upgraded its growth forecasts and appeared confident in unwinding its record stimulus. In Europe, polls are increasingly pointing to a coalition between the socialist SPD, the Greens and the liberal FDP after the 26 September elections, which could lead to more fiscal stimulus. These developments support our positive outlook for US and Euro area equities. We remain watchful about Evergrande’s fallout in China, although we believe widespread contagion is unlikely.

Speakers:
- Steve Brice, Chief Investment Officer, Standard Chartered Bank
- Marco Iachini, Cross-Asset Strategist, Standard Chartered Bank

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Markets appear to have come to the realisation that we could see some Fed hawkishness at the upcoming FOMC meeting. In this episode, DJ Cheong lists some scenarios to expect and explains how investors should be positioned ahead of this key event.

Speaker:
- DJ Cheong, Investment Strategist, Standard Chartered Bank

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The coming week is an eventful one for investors. The Fed policymakers’ interest rate forecasts through to 2024 will show whether they are turning more hawkish. Also, in focus is China’s measures to contain any fallout from debt challenges at its second-largest property developer. Finally, the German election on 26 September portends to alter the policy space in Europe. Each of these events offers medium-term investors attractive opportunities.

Speakers:
- Marco Iachini, Cross-Asset Strategist, Standard Chartered Bank
- Manpreet Gill, Head of Fixed Income, Currency and Commodities (FICC) Investment Strategy, Standard Chartered Bank

For more of our latest market insights, visit Market views on-the-go.

Unlike the protagonists in Netflix’s Money Heist, the market’s interest in gold has been lacklustre this year. Join DJ Cheong as he offers a brief update on the macro environment, gold’s fundamentals, investor flows and the outlook for the precious metal over the next few weeks.

Speaker:
- DJ Cheong, Investment Strategist, Standard Chartered Bank

For more of our latest market insights, visit Market views on-the-go.

Germany’s upcoming federal election has the potential to fundamentally alter the policymaking compass of Europe, lifting its growth potential. The ECB too remains highly accommodative, despite upgrading growth and inflation forecasts and announcing plans to slow the pace of its pandemic bond purchases.

We believe the unfolding political and policy map of the Euro area will enable regional equities to outperform global stocks and the EUR to rise in the next 6-12 months.

Speakers:

- Marco Iachini, Cross-Asset Strategist, Standard Chartered Bank
- Audrey Goh, Senior Cross-Asset Strategist, Standard Chartered Bank

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Price action within G10 FX has been one of USD underperformance but can that persist? In this episode, DJ Cheong revisits the USD ‘smirk’ framework and posits where the USD is headed in the short-term following a dismal US job data release.

Speaker:
- DJ Cheong, Investment Strategist, Standard Chartered Bank

For more of our latest market insights, visit Market views on-the-go.

China’s markets are likely turning a corner, with some assets such as internet sector equities offering short-term tactical opportunities and others such as High Yield bonds and material and industrial sector equities offering medium-term openings.

We will need to see a dovish turn in China’s fiscal, monetary and regulatory policies before we become more constructive on China equities more broadly on a 12-month horizon.

Speakers: 

• Manish Jaradi, Senior Investment Strategist, Standard Chartered Bank
• Marco Iachini, Cross-Asset Strategist, Standard Chartered Bank

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In this episode, DJ Cheong talks about the underlying message from the Fed’s recently concluded Jackson Hole symposium and how that impacts our near-term and medium-term USD views.

Speaker:

• DJ Cheong, Investment Strategist, Standard Chartered Bank

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'Talking about tapering' is now well underway and we expect the US Federal Reserve to announce bond purchase tapering by end-2021. This could create temporary volatility, but strong economic and earnings growth and rock-bottom policy rates mean we retain a preference for equities over bonds.

Speakers: 

• Marco Iachini, Cross-Asset Strategist, Standard Chartered Bank
• Abhilash Narayan, Senior Investment Strategist, Standard Chartered Bank

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For more of our latest market insights, visit Market views on-the-go.