• Overview – Cross-asset volatility remains extraordinarily low due to a combination of persistent global economic slack, muted inflation and a collective G5 (US, euro area, UK, Japan and Switzerland) policy put that has all but eliminated major eco...
• Top 3 data/events 28 April 2014
• Japan – BoJ likely to stay put; industrial production likely rebounded
• South Korea – IP backed by strong exports
• Euro area – Rise in April CPI may alleviate policy-action pressure
• Market focus
• Our theme for 2014 centres on the balance between headwinds – such as a stronger US dollar (USD), higher US yields and larger supply surpluses – and tailwinds in the form of an improving global economic outlook and a continuing super-cycle. Broad ...
Overview – The Fed’s surprise ‘no taper’ decision continues to dominate the market’s focus. While this should be supportive of risk appetite near-term, we see it as a temporary delay to the normalisation process and leave our UST forecasts unchanged...
Improving macroeconomic data has nudged commodity prices higher, and we expect this trend to continue.
• Broad indicators like industrial production, purchasing managers’ indices and fund flows support our view that commodities will see bigger upsi...
Overview – We remain long-term bulls as the ‘governing dynamics’ of the FX market remain USD-positive. In this environment, we strongly recommend that corporates focus on managing translation risk. For central banks, we recommend staying defensive, ...
• Overview - With growth indicators moderating, even in the US, we may see further volatility in Q2 before a more sustained global recovery in H2. We recommend corporates use CNH rather than CNY NDFs for longer-dated CNY/CNH exposure, as well as foc...
If this is a public computer please consider checking this box carefully.
Please access our research via your Straight2Bank account
Digital technology is transforming the economy and society. Adoption, not invention, has the most economic impact. Technology can lift developed countries if they embrace change. New technologies offer more opportunities than challenges for emerging markets.
About Standard Chartered
Group investor relations
Group media centre
WB media centre
Copyright © 2015 Standard Chartered Bank