100 episodes

Join the MUFG Global Markets Research Team for expert analysis of the week's most pressing topics impacting economies and the markets.

The MUFG Global Markets Podcast MUFG EMEA

    • Business
    • 5.0 • 7 Ratings

Join the MUFG Global Markets Research Team for expert analysis of the week's most pressing topics impacting economies and the markets.

    Emerging Markets EMEA growth entering a “sweet spot": The MUFG Global Markets Podcast

    Emerging Markets EMEA growth entering a “sweet spot": The MUFG Global Markets Podcast

    Despite the heavy toll that COVID-19 continues to exhibit across Emerging Markets (EM) in the EMEA region, a spring accelerated recovery is firmly in motion. Resilience is two-pronged:
    (i) loosening of lockdowns; and
    (ii) economies are now better adapted in accommodating the impacts of the virus.
    Ehsan Khoman, Head of Emerging Markets Research (EMEA), believes that EM EMEA is entering a “sweet spot” amid resilient economic growth, subdued underlying core inflation dynamics, an improving COVID-19 picture and renewed investor optimism surrounding the next normal as the pandemic gradually enters the rear view mirror.
    Disclaimer: www.mufgresearch.com (PDF)

    • 8 min
    A reduction in BoJ JGB purchases proves no match to an expanding monetary base and fiscal spending: The MUFG Global Markets Podcast

    A reduction in BoJ JGB purchases proves no match to an expanding monetary base and fiscal spending: The MUFG Global Markets Podcast

    Prime Minister Yoshihide Suga extended the state of emergency covering some parts of Japan late last week. Fukuoka and Aichi have been added to Tokyo, Kyoto, Osaka, and Hyogo as regions affected, while Miyagi Prefecture is no longer under coverage. While Dollar/Yen, Yen rate, and Yen basis have reacted to weak U.S. jobs numbers that fell short of expectations and plunging U.S. high-tech stock prices, the reaction to that as well as the extension of the state of emergency has been muted in the face of Yen selling flows.
    In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido dissects Japan’s April monetary base and fiscal balance, as well as discusses May fiscal fund flows. He also shows his views for Dollar/Yen, Yen rate, and Yen basis.

    • 11 min
    Treasury yields, USD and ailing U.S. jobs report: The Global Markets FX Week Ahead Podcast

    Treasury yields, USD and ailing U.S. jobs report: The Global Markets FX Week Ahead Podcast

    Is the US dollar still tied to the 10-year Treasury yield? Despite plunging on Friday, the 10-year yield is slightly higher this week.
    Derek Halpenny, Head of Research Global Markets EMEA and International Securities, offers context and outlook for USD amid weaker than expected US Non-Farm payroll figures.
    Derek also reflects on the Bank of England monetary policy report and provides his views for G10 currencies following UK elections last week.
    Disclaimer: www.mufgresearch.com (PDF)

    • 12 min
    Could a small step toward post-pandemic policy normalization and tweaks to the structure of U.S. money markets start to normalize cross-currency basis?: The MUFG Global Markets Podcast

    Could a small step toward post-pandemic policy normalization and tweaks to the structure of U.S. money markets start to normalize cross-currency basis?: The MUFG Global Markets Podcast

    Japan remained under a state of emergency in some designated areas during the Golden Week holidays. Dollar/Yen and JPY rates have traded in narrow ranges, edging up slightly, and the Nikkei Average also lacks momentum. JPY basis has tightened considerably. Arbitrage trading among foreign investors was active as Japanese investors were on holiday. Cross-border factors are more likely to impact JPY asset volatility than domestic factors as monetary easing continues around the world.
    In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido reviews the Bank of Japan’s April policy meeting, discusses adjustments to the coordinated global central bank effort to supply U.S. Dollar funds, and takes listeners through relative value in cross-border security investments. He also shares his views for Dollar/Yen, Yen rate, and Yen basis.
    Disclaimer: www.mufgresearch.com (PDF)

    • 12 min
    Gauging the EM export boost upon reopenings: The MUFG Global Markets Podcast

    Gauging the EM export boost upon reopenings: The MUFG Global Markets Podcast

    While investor confidence in reopenings is rising across developed markets, the sentiment is more mixed in emerging markets given COVID-19 resurgence and vaccine rollout challenges. Nevertheless, this de-synchronisation still matters considerably for emerging markets that depend heavily on exports.
    Ehsan Khoman, Head of Emerging Markets Research (EMEA), frames the prospects for emerging markets exports upon reopenings, offering insights into the speed, magnitude and differentiation across economies, as markets gradually begin to form new contours towards a post-virus equilibrium.
    Disclaimer: www.mufgresearch.com (PDF)

    • 7 min
    UK economy resilience strikes positive note for GBP: The Global Markets FX Week Ahead Podcast

    UK economy resilience strikes positive note for GBP: The Global Markets FX Week Ahead Podcast

    As positive COVID-19 data points to the effectiveness of the vaccine roll-out, confidence in the bounce back of the UK economy is growing. Will this mean an upgrade to GDP forecasts at the Bank of England policy update this week?
    Lee Hardman, currency analyst at MUFG, outlines what to expect from the update, including outlook for the pound and Quantitative Easing (QE) purchases. Lee also touches on the upcoming Scottish Parliament elections – could another independence referendum be on the cards?
    Disclaimer: www.mufgresearch.com (PDF)

    • 9 min

Customer Reviews

5.0 out of 5
7 Ratings

7 Ratings

Luke— ,

Great

Excellent overview of current affairs and impact on the markets

brendanmch ,

Real insight and knowledge

Very good insight from Lee and Derek as always

social piranah ,

I love this!

I love the voice of the person who does the intros!

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