Quotes from Societe Generale:
- Lower euro and lower oil prices are starting to support eurozone fundamentals, while cyclical indicators like PMIs are on the rise. This fundamental story adds to the liquidity (ECB QE) and flow reallocation tailwinds.
- We are overweight on peripheral government bonds and holds more than twice the benchmark weight on eurozone equities. Expect compression vs OAT and Bunds to continue (target 5y and 10y).
Commentary
Lower euro and oil prices starting to support EZ fundamentals: Societe Generale
Quotes from Societe Generale:- Lower euro and lower oil prices are starting to support eurozone fundamentals, while cyclical indicators like PMIs are on the rise. This fundamental story adds to the liquidity (ECB QE) and…
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
