Macro Strategist, Saxo Capital Markets

Kay Van-Petersen

Macro Strategist

Saxo Capital Markets

Event-Driven

<ul><li>The next two weeks will have some of the most potent events of the 1H of the year</li><li>Weds Apr 29 sees the Fed meeting &amp; 1Q US GDP, Thu Apr 30 is RBNZ &amp; BoJ, with the following Tue &amp; Fri (May 5 &amp; 8) being RBA &amp; US Non-farm payrolls&hellip;</li><li>Once again, with an RBA cut imminent &amp; the Fed set to hike in 2H, AUD above 0.7750 is a screaming short as you have catalysts on both sides of the cross</li></ul>

The next two weeks will have some of the most potent events of the 1H of the yearWeds Apr 29 sees the Fed meeting &amp; 1Q US GDP, Thu Apr 30 is RBNZ &amp; BoJ, with the following Tue &amp; Fri (May 5 &amp; 8) being RBA &amp; US Non-farm payrolls&hellip;Once again, with an RBA cut imminent &amp; the Fed set to hike in 2H, AUD above 0.7750 is a screaming short as you have catalysts on both sides of the cross

THE MACRO TAKE: NEXT 2WKS ARE HIGH OCTANE! FED, US 1Q GDP, RBNZ, BoJ, RBA & US NFP    

Thematic (Sector/Industry)

<ul><li>The coming week sees a flurry of Fed speakers &amp; heavy econ data from the US (CPI) &amp; China (1Q GDP)</li><li>Probably most anticipated main central bank meeting will be from the Bank of Canada, given Poloz&rsquo;s mixed messages &amp; just overall&nbsp;bipolar activity&nbsp;</li><li>People may have a snapshot of India, but they are very much missing the big picture</li></ul>

The coming week sees a flurry of Fed speakers &amp; heavy econ data from the US (CPI) &amp; China (1Q GDP)Probably most anticipated main central bank meeting will be from the Bank of Canada, given Poloz&rsquo;s mixed messages &amp; just overall&nbsp;bipolar activity&nbsp;People may have a snapshot of India, but they are very much missing the big picture

KVP'S MACRO TAKE: INDIA = BABY CHINA... TIME TO GROW...

Silver Point

Thomas J. Monaco

Independent Insight Provider

Silver Point is a boutique research firm that focuses on the broader financial services sector, with a particular focus on troubled institutions globally. 

Asia Ex Japan

Equity Bottom-Up

<ul>
<li>
Move Along, No Problems Here: DBS Group Holdings (DBS.SG) [DBS] participated in a competitor conference on January 10, 2022, suggesting that not an ounce of risk is on balance sheet; </li>
<li>
Digital Franchise: Management also focused on digital initiatives, including: DBS Digital Exchange; Digital Custody; and the Partior platform; and</li>
<li>
Deal Risk Remains High: There was no discussion by management of its headlong buying spree of some fairly spicy transactions. And they are not done.</li>
</ul>



Move Along, No Problems Here: DBS Group Holdings (DBS.SG) [DBS] participated in a competitor conference on January 10, 2022, suggesting that not an ounce of risk is on balance sheet; 

Digital Franchise: Management also focused on digital initiatives, including: DBS Digital Exchange; Digital Custody; and the Partior platform; and

Deal Risk Remains High: There was no discussion by management of its headlong buying spree of some fairly spicy transactions. And they are not done.


India

iShares MSCI India ETF is an exchange-traded fund incorporated in the USA. The ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI India Index.

iShares MSCI India ETF (INDA US)

THE MACRO TAKE: NEXT 2WKS ARE HIGH OCTANE! FED, US 1Q GDP, RBNZ, BoJ, RBA & US NFP

The next two weeks will have some of the most potent events of the 1H of the year Weds Apr 29 sees the Fed meeting & 1Q US GDP, Thu Apr 30 is...

Kay Van-Petersen

KVP'S MACRO TAKE: INDIA = BABY CHINA... TIME TO GROW...

The coming week sees a flurry of Fed speakers & heavy econ data from the US (CPI) & China (1Q GDP) Probably most anticipated main central...

Kay Van-Petersen

DBS Group Holdings – Lots of Lipstick

DBS: DBS participated in a competitor conference, suggesting not an ounce of risk sits on balance sheet. There was no discussion of its headlong...

Thomas J. Monaco