Eurizon SLJ Capital

Eurizon SLJ Capital
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Providing first-hand emerging and developed market insights with a global context of how the world views these markets.

  1. From the Bank of England to the Fed: Policy Under Pressure

    1D AGO

    From the Bank of England to the Fed: Policy Under Pressure

    Matt Jones and Neil Staines discuss a complex global macro backdrop dominated by the Iran conflict’s impact on oil, inflation expectations, yields, equities, and growth, with market focus shifting to a heavy week of central bank meetings. In the UK, weak sales, house prices, and a softer January GDP print reinforce growth concerns; despite markets repricing toward possible Bank of England hikes, Staines sees a high bar given weakening growth and reduced fiscal space, though statement language will be closely parsed. Elsewhere, the RBA is expected to bring forward a 25bp hike, while the Bank of Canada, SNB, Riksbank, and ECB are broadly expected to hold rates amid differing inflation and growth dynamics. The Fed is seen as most consequential, with unchanged rates expected but close attention on updated projections and dots amid a weaker revised Q4 GDP and ongoing geopolitical risks. 00:00 Welcome and Setup 00:27 UK Outlook and BoE Watch 02:24 Global Central Bank Roundup 05:19 Fed Focus and US Data 07:19 Weekend Watchlist Sports 08:32 Long and Short Picks 08:52 Wrap Up and Disclosures The opinions expressed in this podcast are those of the presenters and do not necessarily reflect the views of Eurizon SLJ Capital, Eurizon Capital, or the Intesa Sanpaolo Group. The information and opinions shared are intended solely for professional investors and should not be relied upon by other investors. Please note that the information provided in this recording is for informational purposes only and is not intended to be complete or constitute an offer to buy or sell securities or any derivatives. It has not been prepared in accordance with legal and regulatory requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research. It does not constitute research on investment matters and should not be construed as containing any recommendation, advice or suggestion, implicit or explicit, for any investment strategy or financial instruments, the issuers of any financial instruments, or a solicitation, offer or financial promotion relating to any securities or investments. ESLJ and its affiliates do not assume any liability whatsoever for the contents of this podcast and do not make any representation or warranty as to the accuracy or completeness of any information contained in this communication.

    10 min
  2. Forecasts and Fragility: UK Spring Statement, US CPI, and China’s Growth Tolerance

    MAR 6

    Forecasts and Fragility: UK Spring Statement, US CPI, and China’s Growth Tolerance

    Matt Jones and Neil Staines discuss the macro themes for the week ahead against major uncertainty from the Middle East conflict, noting it is likely to dominate sentiment and positioning while they limit forecasts to the macroeconomy. In the UK, the Spring Statement brought no policy change but updated OBR projections: 2026 growth cut to 1.1% (from 1.4%), peak unemployment lifted to 5.3% (from 4.9%), and inflation lowered to 2.3%. The fiscal outlook also improved via higher projected revenues and lower debt funding costs due to a lower yield curve, though they remain skeptical given January tax effects and the sensitivity of public finances to moves in rates following developments around Iran. January UK GDP is the key domestic release. Globally, with the BoE and ECB entering blackout periods ahead of meetings on the 19th (and the FOMC ahead of the 18th), focus includes Eurozone investor confidence and industrial production, Isabel Schnabel’s remarks, China’s CPI/PPI amid limited domestic-demand messaging from Two Sessions, and inflation releases across several EMs alongside Hungary minutes and a Turkey rate decision. In the US, February CPI, the trade balance, PCE, and JOLTS are key, with oil’s impact on inflation and expectations central. 00:00 Show Intro 00:27 Middle East Backdrop 01:12 UK Spring Statement 02:27 UK GDP Watch 02:50 Global Data Radar 03:14 Europe And Energy 03:41 China Inflation Focus 04:48 US CPI And Oil 06:41 Weekend Sports Picks 07:29 Long And Short Signoff 07:57 Closing Disclosures The opinions expressed in this podcast are those of the presenters and do not necessarily reflect the views of Eurizon SLJ Capital, Eurizon Capital, or the Intesa Sanpaolo Group. The information and opinions shared are intended solely for professional investors and should not be relied upon by other investors. Please note that the information provided in this recording is for informational purposes only and is not intended to be complete or constitute an offer to buy or sell securities or any derivatives. It has not been prepared in accordance with legal and regulatory requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research. It does not constitute research on investment matters and should not be construed as containing any recommendation, advice or suggestion, implicit or explicit, for any investment strategy or financial instruments, the issuers of any financial instruments, or a solicitation, offer or financial promotion relating to any securities or investments. ESLJ and its affiliates do not assume any liability whatsoever for the contents of this podcast and do not make any representation or warranty as to the accuracy or completeness of any information contained in this communication.

    9 min
  3. From China’s Two Sessions to US Payrolls: A Consequential Week Ahead

    FEB 27

    From China’s Two Sessions to US Payrolls: A Consequential Week Ahead

    Matt Jones and Neil Staines discuss a global macro backdrop where markets appear calm at the headline level but show significant divergence underneath, including record-high equity dispersion, private credit uncertainty despite tight spreads, and varied European inflation and growth dynamics alongside flat ECB rate expectations. They preview a busier week of data: Australia’s inflation gauge, GDP and trade (watched for expectations of one more RBA hike); Europe’s February CPI, unemployment, retail sales, and final manufacturing and services PMIs; and China’s “Two Sessions,” including growth targets and the 15th five-year plan. They also flag CPI releases across multiple emerging markets. In the US, focus is on ISM manufacturing and services, the Beige Book, ADP, and Friday payrolls, where a surprise could have an outsized market impact. 00:00 Welcome and Introductions 00:27 Calm Markets Hidden Divergence 02:14 Key Global Data Week Ahead 03:48 US Data and Payrolls Focus 05:25 Weekend Watch Sports Picks 06:14 Long and Short Takeaways 06:33 Closing and Disclosures The opinions expressed in this podcast are those of the presenters and do not necessarily reflect the views of Eurizon SLJ Capital, Eurizon Capital, or the Intesa Sanpaolo Group. The information and opinions shared are intended solely for professional investors and should not be relied upon by other investors. Please note that the information provided in this recording is for informational purposes only and is not intended to be complete or constitute an offer to buy or sell securities or any derivatives. It has not been prepared in accordance with legal and regulatory requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research. It does not constitute research on investment matters and should not be construed as containing any recommendation, advice or suggestion, implicit or explicit, for any investment strategy or financial instruments, the issuers of any financial instruments, or a solicitation, offer or financial promotion relating to any securities or investments. ESLJ and its affiliates do not assume any liability whatsoever for the contents of this podcast and do not make any representation or warranty as to the accuracy or completeness of any information contained in this communication.

    8 min
  4. Three Drivers for the Week Ahead: UK Cuts, Aussie CPI, US Geopolitics

    FEB 20

    Three Drivers for the Week Ahead: UK Cuts, Aussie CPI, US Geopolitics

    Matt Jones and Neil Staines discuss macro themes for the week ahead for professional investors. In the UK, recent data show unemployment at a new cycle high of 5.2% (above COVID highs), conflicting private vs public pay trends, and CPI signals of underlying weakness as administered prices drop out of annual comparisons; inflation is expected to return to target by mid-year, and UK 10-year yields are ~25 bps lower over two weeks. Next week’s UK watchpoints include consumer confidence and comments from MPC members at both dovish and hawkish ends, as markets debate whether the next rate cut is in March or April; Eurizon SLJ expects sooner and faster cuts than the MPC/market. In Australia, RBA minutes were non-committal but hawkish amid wages and high unit labour costs; January CPI next week will be key for assessing hike urgency. Other global items include Germany’s February CPI and retail sales, Japan’s retail sales and industrial production plus fiscal-plan commentary, multiple employment reports (Poland, Mexico, Turkey, Hungary, Colombia), a South Korean central bank rate decision, and South Africa’s budget. In the US, FOMC minutes suggest a shift away from labour-market risks back toward inflation risks as growth stays robust; geopolitical risks (including the Iran standoff) and higher oil prices, AI capex monetisation concerns, software brokerage disruption, private credit contagion worries, and NVIDIA earnings are highlighted amid a light data calendar, with volatility still viewed as cheap.  00:00 Welcome & What to Watch in the Week Ahead 00:27 UK Macro Update: Jobs, Inflation, Yields & BoE Cut Timing 02:22 Australia in Focus: RBA Minutes, Wages & Next Week’s CPI 03:18 Global Roundup: Europe, Japan, EM Data & Key Central Bank Events 04:01 US Outlook: FOMC Tone Shift, Geopolitics, AI/Earnings & Volatility 05:35 Weekend Sports Preview: Football, Curling, Cricket & Six Nations 07:00 Closing Thanks & Important Disclaimers The opinions expressed in this podcast are those of the presenters and do not necessarily reflect the views of Eurizon SLJ Capital, Eurizon Capital, or the Intesa Sanpaolo Group. The information and opinions shared are intended solely for professional investors and should not be relied upon by other investors. Please note that the information provided in this recording is for informational purposes only and is not intended to be complete or constitute an offer to buy or sell securities or any derivatives. It has not been prepared in accordance with legal and regulatory requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research. It does not constitute research on investment matters and should not be construed as containing any recommendation, advice or suggestion, implicit or explicit, for any investment strategy or financial instruments, the issuers of any financial instruments, or a solicitation, offer or financial promotion relating to any securities or investments. ESLJ and its affiliates do not assume any liability whatsoever for the contents of this podcast and do not make any representation or warranty as to the accuracy or completeness of any information contained in this communication.

    8 min
  5. Repricing Risk: UK Data, Antipodean Policy, and US GDP

    FEB 13

    Repricing Risk: UK Data, Antipodean Policy, and US GDP

    In this episode of The Long and Short of the Week Ahead (Eurizon SLJ Capital), Matt Jones is joined by Neil Staines to break down the macro themes set to matter most for professional investors. The UK remains front and centre, with the employment report, January CPI and retail sales providing key inputs for Bank of England expectations. The conversation then shifts globally, focusing on Australia’s policy outlook via RBA minutes and labour market data, and New Zealand’s rate decision and guidance. In the US, attention turns to the trade balance and Q4 GDP, alongside signs markets may be drifting toward a higher-volatility regime amid AI-related cross-currents. The episode closes with a quick look at the weekend sporting calendar and Neil’s long/short for the weekend. Chapters 00:00 Introduction and welcome 00:27 UK outlook: jobs, CPI and retail sales 02:20 Global: Australia, New Zealand, Europe and EM 04:06 US: trade balance, Q4 GDP and volatility 06:29 Weekend sports highlights 07:51 Conclusion and sign-off The opinions expressed in this podcast are those of the presenters and do not necessarily reflect the views of Eurizon SLJ Capital, Eurizon Capital, or the Intesa Sanpaolo Group. The information and opinions shared are intended solely for professional investors and should not be relied upon by other investors. Please note that the information provided in this recording is for informational purposes only and is not intended to be complete or constitute an offer to buy or sell securities or any derivatives. It has not been prepared in accordance with legal and regulatory requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research. It does not constitute research on investment matters and should not be construed as containing any recommendation, advice or suggestion, implicit or explicit, for any investment strategy or financial instruments, the issuers of any financial instruments, or a solicitation, offer or financial promotion relating to any securities or investments. ESLJ and its affiliates do not assume any liability whatsoever for the contents of this podcast and do not make any representation or warranty as to the accuracy or completeness of any information contained in this communication.

    9 min
  6. Policy Paths: UK Dovishness, US Data, Japan Risk

    FEB 6

    Policy Paths: UK Dovishness, US Data, Japan Risk

    Matt Jones (Eurizon SLJ Capital) is joined by Senior Portfolio Manager Neil Staines to map the week ahead across rates, data, and event risk. They unpack the Bank of England’s latest signals, the key UK releases to watch, ECB messaging and the role of FX, and a global run of inflation prints including China. In the US, attention turns to the rescheduled non-farm payrolls and CPI, with potential implications for the Fed’s reaction function. They finish with a quick weekend sports preview. In this episode UK: Bank of England signals and what matters next in UK data (Q4 GDP, industrial production, trade)Europe: ECB messaging, FX focus, and Eurozone GDPGlobal: China CPI/PPI and inflation readings across key emerging marketsUS: delayed non-farm payrolls and CPI, and what they could mean for policy expectationsWeekend watch: football, F1 testing, T20 World Cup, and Six Nations rugbyChapters 00:00 Introduction and Welcome 00:27 Bank of England’s Recent Developments 02:35 Global Economic Highlights 04:49 US Economic Updates 06:30 Weekend Sports Preview 07:43 Conclusion and Sign-off About the show The Long and Short of the Week Ahead is a weekly macro podcast from Eurizon SLJ Capital, designed for professional investors. The opinions expressed in this podcast are those of the presenters and do not necessarily reflect the views of Eurizon SLJ Capital, Eurizon Capital, or the Intesa Sanpaolo Group. The information and opinions shared are intended solely for professional investors and should not be relied upon by other investors. Please note that the information provided in this recording is for informational purposes only and is not intended to be complete or constitute an offer to buy or sell securities or any derivatives. It has not been prepared in accordance with legal and regulatory requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research. It does not constitute research on investment matters and should not be construed as containing any recommendation, advice or suggestion, implicit or explicit, for any investment strategy or financial instruments, the issuers of any financial instruments, or a solicitation, offer or financial promotion relating to any securities or investments. ESLJ and its affiliates do not assume any liability whatsoever for the contents of this podcast and do not make any representation or warranty as to the accuracy or completeness of any information contained in this communication.

    9 min
  7. From Threadneedle Street to Payrolls: The Week Ahead in Macro

    JAN 30

    From Threadneedle Street to Payrolls: The Week Ahead in Macro

    In this episode of The Long and Short of the Week Ahead, Matt Jones and Neil Staines run through the key macro themes for the days ahead, from Bank of England projections and UK policy signals to global central bank watchpoints, China PMI data, and a US calendar that culminates in non-farm payrolls. What we cover UK policy week: the Bank of England meeting, updated projections, and the inflation pathMarket pricing versus expectations for the UK rate-cut trajectoryGlobal central banks in focus, including the Reserve Bank of Australia and European Central BankChina’s PMI data as an early read on activity and sentiment into 2026A data-heavy US week: ISM, JOLTS, ADP, ISM Services, and non-farm payrollsKey global inflation prints and what they imply for central bank reaction functions across DM and EMA quick weekend sports preview to closeChapters / timestamps 00:00 Introduction and welcome 00:27 Focus on the Bank of England 02:21 Global macro calendar highlights 04:18 US economic outlook 06:37 Weekend sports preview 07:44 Conclusion and sign-off About the show The Long and Short of the Week Ahead is a podcast from Eurizon SLJ Capital examining the macro themes shaping markets. The opinions expressed in this podcast are those of the presenters and do not necessarily reflect the views of Eurizon SLJ Capital, Eurizon Capital, or the Intesa Sanpaolo Group. The information and opinions shared are intended solely for professional investors and should not be relied upon by other investors. Please note that the information provided in this recording is for informational purposes only and is not intended to be complete or constitute an offer to buy or sell securities or any derivatives. It has not been prepared in accordance with legal and regulatory requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research. It does not constitute research on investment matters and should not be construed as containing any recommendation, advice or suggestion, implicit or explicit, for any investment strategy or financial instruments, the issuers of any financial instruments, or a solicitation, offer or financial promotion relating to any securities or investments. ESLJ and its affiliates do not assume any liability whatsoever for the contents of this podcast and do not make any representation or warranty as to the accuracy or completeness of any information contained in this communication.

    9 min
  8. USDJPY Intervention Watch and the Week of Central Banks

    JAN 23

    USDJPY Intervention Watch and the Week of Central Banks

    In this episode of The Long and Short of the Week Ahead, Matt Jones is joined by Neil Staines to map the key macro catalysts investors are watching. They start in Japan, where the February 8 general election announcement, renewed fiscal debate, and long-end JGB moves have put policy credibility and FX dynamics back in focus, alongside rising speculation around Ministry of Finance intervention risk in USD/JPY. The conversation then turns global, with a packed calendar of central bank decisions across DM and EM, before finishing in the US with the FOMC meeting, the key themes to listen for from Chair Powell, and a major week of earnings led by large-cap tech. What we cover Japan: election timing, fiscal expectations, JGB volatility, and USD/JPY intervention riskGlobal central banks: a busy week for policy decisions, including Canada, Sweden, Hungary, Chile, Brazil, and South AfricaUS: the Fed meeting, the press conference focus, and heavyweight earnings (Microsoft, Tesla, Meta, Apple)Weekend watch: sport highlights and a look ahead to rugby and cricketChapters 00:00 Introduction and welcome 00:27 Japan: election, fiscal concerns, JGBs and USD/JPY 02:51 Global central bank week ahead 04:49 US: Fed meeting and major earnings 06:38 Weekend sports highlights 07:38 Closing remarks and disclaimers For professional investors only. The opinions expressed in this podcast are those of the presenters and do not necessarily reflect the views of Eurizon SLJ Capital, Eurizon Capital, or the Intesa Sanpaolo Group. The information and opinions shared are intended solely for professional investors and should not be relied upon by other investors. Please note that the information provided in this recording is for informational purposes only and is not intended to be complete or constitute an offer to buy or sell securities or any derivatives. It has not been prepared in accordance with legal and regulatory requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research. It does not constitute research on investment matters and should not be construed as containing any recommendation, advice or suggestion, implicit or explicit, for any investment strategy or financial instruments, the issuers of any financial instruments, or a solicitation, offer or financial promotion relating to any securities or investments. ESLJ and its affiliates do not assume any liability whatsoever for the contents of this podcast and do not make any representation or warranty as to the accuracy or completeness of any information contained in this communication.

    9 min
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Providing first-hand emerging and developed market insights with a global context of how the world views these markets.

Information

  • Creator
    Eurizon SLJ Capital
  • Years Active
    2021 - 2026
  • Episodes
    227
  • Rating
    Clean
  • Copyright
    © 2026 Eurizon SLJ Capital
  • Show Website
    Eurizon SLJ Capital