At Any Rate J.P. Morgan Research
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- Economía y empresa
Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.
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Global FX, Rates & Economics: French election: Thoughts on outcome and implications on rates/ FX markets
Raphael Brun-Aguerre, Aditya Chordia and Meera Chandan discuss the path ahead for the French lower house elections in the coming weeks as well as implications for FX / rates markets.
This podcast was recorded on 11 June 2024.
This communication is provided for information purposes only. Institutional clients can view the related reports at
https://www.jpmm.com/research/content/GPS-4721981-0
https://www.jpmm.com/research/content/GPS-4723118-0
https://www.jpmm.com/research/content/GPS-4723362-0
for more information; please visit www.jpmm.com/research/disclosures for important disclosures.
© 2024 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party. -
Frontier Markets Fixed Income Conference Key Takeaways
Take a seat at the table as we unpack key takeaways from our recently concluded annual Frontier Markets Fixed Income Conference in London and highlight top themes in this special episode of At Any Rate.
Speakers:
Saad Siddiqui, Head of Local Markets Strategy for EMEA EM
Ayomide Mejabi, Frontier Market Strategy
Ben Ramsey, Head of EM Sovereign Credit Strategy
Gbolahan Taiwo, Chief Economist, Africa (ex-SA)Samantha Azzarello, Head of Content Strategy, Global Research
This podcast was recorded on June 10, 2024.
This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4717869-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2024 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party. -
Global FX: Assessing carry trade deleveraging and G10 FX views from here
We assess the impact of this week’s FX carry trade deleveraging, as well as FX views from here after the ECB, BoC and US payrolls, ahead of key event risk next week.
Speakers:Patrick Locke, Global FX Strategy James Nelligan, Global FX Strategy
This podcast was recorded on 7 June 2024.
This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4719772-0, for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2024 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party. -
Global Commodities: The unnecessary taper tantrum
Speakers:
Natasha Kaneva, Head of Global Commodities and Oil Research
The market’s verdict on the OPEC+ decision was likely behind the 6% fall in oil prices this week. The producers’ group extended its 3.6 mbd of supply reductions through 2025, but it also announced plans to gradually unwind 2.2 mbd of voluntary cuts starting in October, subject to market conditions. On paper, this additional production would clearly be bearish for prices. However, there are important details that need to be taken into account. For one, a number of key OPEC producers are already pumping well above their assigned quotas. Second, many OPEC producers are already operating at close to full capacity. We maintain our view that summer inventory draws should be enough to get Brent back into the high $80s-$90 range by September, but are aware that OPEC+’s intention—even if aspirational—to produce more, might have a psychological effect on consumers’ willingness to replenish inventories.
This podcast was recorded on 7 June 2024.
This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4717071-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2024 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party. -
EM Fixed Income: Emerging Markets Outlook & Strategy for 2H24
J.P. Morgan economists and strategists discuss the outlook for Emerging Markets in H2, focusing also on the various channels in which the upcoming US election - which looks set to dominate H2 - can impact EM economies and fixed income markets.
Speakers
Luis Oganes - Head of Global Macro Research
Jonny Goulden - Head of EM Fixed Income Strategy
Nora Szentivanyi - Global Economist
This podcast was recorded on 7 June 2024.
This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4713698-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures.
© 2024 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party. -
US Rates: Wait till next year
Rates strategists Jay Barry and Afonso Borges discuss the medium-term outlook for Treasury supply and the risks to the Treasury market ahead of next week’s first-tier data.
Speakers:
US Treasury Market Daily – Jay Barry
US Fixed Income Markets Weekly – Jay Barry
This podcast was recorded on 31 May 2024.
This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4708661-0, for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2024 JPMorgan Chase & Co. All rights reserved.