This episode of Macro Mondays aired live at 12:30pm UK Time. James Brodie and James Todd look at the previous weeks Macro events and to the week ahead.
This week, we discuss falling global bond yields as both American and Canadian unemployment saw increases, while ISM Services PMI surprisingly fell sharply. Data over the weekend also highlighted continued deflation in China, while Japanese salaries saw a record gain with the BOJ expected to hike on the 19th of December. In Europe, the French political turmoil continues, while German industrial production showed unexpected weakness. Meanwhile the UK data also missed across the board, PMI, retail sales, and business confidence data all came in lower than expectation. We discuss these impacts on the markets highlighting key charts and trends.
Bitcoin is seeing volatility around $100,00, and Altcoins are surging. Meanwhile, Brent volatility continues to fall amongst unrest in Syria. James and James also discuss gold and copper prices.
Key events for the week include:
Wednesday: U.S. CPI, BOC (-48bp)
Thursday: U.S. PPI, ECB (-27bp), SNB (-36bp)