The Saxo Bank's Economists Talk About The Upcoming Fed Decision, The Weak Chinese Currency (CNH) And Wheat Jumping

Russia Look Set To Double Its Exports For The First Half Of 2023

Summary:  Today, we scratch our heads a bit at Friday's wildly strong equity session, as the narrative supporting recent equity market strength - the anticipation of a dovish downshift in Fed policy guidance - was rapidly unwinding on the same day. An article at the weekend from "Fed whisperer" Nick Timiraos of the Wall Street Journal suggests that the Fed is concerned the market is expecting too much of a policy climb-down this Wednesday. We also discuss wheat jumping on Russia moving against the Ukrainian grain deal, industrial metals struggling on weak China data and a weak Chinese currency, the busy earnings and macro calendar for the week ahead and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting an on FX.


Listen to today’s podcast - slides are available via the link.

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Source: https://www.home.saxo/content/articles/podcast/podcast-oct-31-2022-31102022

Russia Look Set To Double Its Exports For The First Half Of 2023

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