Resumo do Relatório
Elusive Brexit rebound: Eye on the World
Markets down sharply, led by tech, as US 10-yr yields rose despite weak US services and jobs data yesterday. Focus Fed. Chair Powell bond commentary today. NASDAQ now down 8% from all-time high on rising yields. See a cyclicals catch-up not strong tech rotation.
HOT TOPICS on UK lagging global equities on lite-Brexit impacts and strongest G10 FX. See lagging other cyclicals (EM, Canada, EU financials), but with significant catch-up opportunity in our cheaper/leveraged UK ‘losers’ basket.
16-page daily includes: Market recap and What to watch; Hot Topic analysis; Country and Sector allocation eye; Key views; US and global performance, valuation, earnings, and macro forecasts; and report Library.