Energy Transition | AI | Shifting World Order, Mint Finance

Suhas Reddy

Energy Transition | AI | Shifting World Order

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Macroeconomics

<ul>
<li>US Nonfarm Payrolls shows disappointing growth in jobs, much lower than the anticipated addition of 243,000 jobs.</li>
<li>April’s print is also lower than the average monthly gain of 242,000 jobs over the previous 12 months.</li>
<li>Unemployment rate comes in at 3.9%, marginally higher than analyst expectations of 3.8%.</li>
</ul>


US Nonfarm Payrolls shows disappointing growth in jobs, much lower than the anticipated addition of 243,000 jobs.
April’s print is also lower than the average monthly gain of 242,000 jobs over the previous 12 months.
Unemployment rate comes in at 3.9%, marginally higher than analyst expectations of 3.8%.


Surprise Weakness Job Growth Brings Rate Cut Closer

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

<ul><li>Welcome to our weekly “the week at a glance” publication where we dissect the most important central bank meetings and key figure releases in a short and sweet format.</li><li>This week we focus on PCE prices, European PMIs and the Bank of Japan.</li><li>Event 1: European PMIs (Tues): A lukewarm, but positive, surprise.</li></ul>

Welcome to our weekly “the week at a glance” publication where we dissect the most important central bank meetings and key figure releases in a short and sweet format.This week we focus on PCE prices, European PMIs and the Bank of Japan.Event 1: European PMIs (Tues): A lukewarm, but positive, surprise.

The week at a glance: Time for the BoJ to step up, while soft PCE numbers may fool some..

<ul><li>Welcome to our monthly UK CPI watch.</li><li>March has been out of the ordinary in 2023 and 2022, which makes for extremely benign base effects in YoY terms for UK CPI inflation this year.</li><li>We typically see 0.1-0.2% MoM service inflation in March, which is seasonally soft, while also food prices typically soften during the early spring.</li></ul>

Welcome to our monthly UK CPI watch.March has been out of the ordinary in 2023 and 2022, which makes for extremely benign base effects in YoY terms for UK CPI inflation this year.We typically see 0.1-0.2% MoM service inflation in March, which is seasonally soft, while also food prices typically soften during the early spring.

UK Inflation Watch: A dovish surprise upcoming

Pranay Yadav

Cross Asset Strategy

<ul>
<li>March CPI print came in above expectations at 3.5% YoY. CPI has come in above expectations for the past four months.</li>
<li>Gasoline, shelter, and transportation services were the major inflation drivers.</li>
<li>Dollar was the winner following the release as other currencies weakened. Euro declined the most while JPY weakened the least.</li>
</ul>


March CPI print came in above expectations at 3.5% YoY. CPI has come in above expectations for the past four months.
Gasoline, shelter, and transportation services were the major inflation drivers.
Dollar was the winner following the release as other currencies weakened. Euro declined the most while JPY weakened the least.


[US CPI Review] Energy, Housing, And Services Keep Inflation Hotter Than Expected

<ul>
<li>US CPI remains well above Fed’s 2% target range. Rising gasoline and shelter costs will push March CPI number upwards.</li>
<li>Consensus is for March CPI to print at 3.4% YoY in March from 3.2% in Feb. Core CPI is expected to clock 3.7% YoY. </li>
<li>Rising CPI will dent the likelihood of rate cut in the near term. Fed has reiterated its data dependence. Hot CPI data will vindicate Fed’s hawkish stance.</li>
</ul>


US CPI remains well above Fed’s 2% target range. Rising gasoline and shelter costs will push March CPI number upwards.
Consensus is for March CPI to print at 3.4% YoY in March from 3.2% in Feb. Core CPI is expected to clock 3.7% YoY. 
Rising CPI will dent the likelihood of rate cut in the near term. Fed has reiterated its data dependence. Hot CPI data will vindicate Fed’s hawkish stance.


[US CPI Preview] Rising Gasoline Prices & Shelter Costs to Result in Hot US Inflation

United Kingdom

The British Pound Sterling is the official currency of The United Kingdom. 

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Surprise Weakness Job Growth Brings Rate Cut Closer

US employment growth in April cools down and comes in lower than expected, Unemployment rate slightly above expectations, equities rally while...

Mint Finance

The week at a glance: Time for the BoJ to step up, while soft PCE numbers may fool some..

Welcome to our weekly “the week at a glance” publication where we dissect the most important central bank meetings and key figure releases in a...

Steno Research

UK Inflation Watch: A dovish surprise upcoming

Welcome to our monthly UK CPI watch. March has been out of the ordinary in 2023 and 2022, which makes for extremely benign base effects in YoY...

Steno Research

[US CPI Review] Energy, Housing, And Services Keep Inflation Hotter Than Expected

March CPI exceeded expectations at 3.5% YoY, driven by gasoline, shelter, and transportation services. Dollar strengthened against other...

Mint Finance

[US CPI Preview] Rising Gasoline Prices & Shelter Costs to Result in Hot US Inflation

Rising gasoline and shelter costs expected to push March CPI numbers higher, reducing the likelihood of a rate cut in the near term and supporting...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Surprise Weakness Job Growth Brings Rate Cut Closer

​US employment growth in April cools down and comes in lower than expected, Unemployment rate slightly above expectations, equities rally while...

Mint Finance

The week at a glance: Time for the BoJ to step up, while soft PCE numbers may fool some..

Welcome to our weekly “the week at a glance” publication where we dissect the most important central bank meetings and key figure releases in a...

Steno Research

UK Inflation Watch: A dovish surprise upcoming

Welcome to our monthly UK CPI watch. March has been out of the ordinary in 2023 and 2022, which makes for extremely benign base effects in YoY...

Steno Research

[US CPI Review] Energy, Housing, And Services Keep Inflation Hotter Than Expected

​March CPI exceeded expectations at 3.5% YoY, driven by gasoline, shelter, and transportation services. Dollar strengthened against other...

Mint Finance

[US CPI Preview] Rising Gasoline Prices & Shelter Costs to Result in Hot US Inflation

Rising gasoline and shelter costs expected to push March CPI numbers higher, reducing the likelihood of a rate cut in the near term and supporting...

Mint Finance

US employment growth in April cools down and comes in lower than expected, Unemployment rate slightly above expectations, equities rally while...

March CPI exceeded expectations at 3.5% YoY, driven by gasoline, shelter, and transportation services. Dollar strengthened against other...