Pause button on US dollar slide

April 29, 2021 | Articles

In the April 2021 edition of Numera’s Global Macro Monitor, we explore the factors behind the US dollar’s partial recovery in early 2021 and the likelihood of a reversal in last year’s trend. We believe a period of sustained USD appreciation is unlikely, improving the upside for EM and commodity investments.

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Are metals entering a new super-cycle?

April 21, 2021 | Articles

The April 2021 edition of our Commodity Market Outlook focuses on base metals and iron ore, covering recent market developments and our pricing outlook over the coming year. As usual, we also provide an update on our latest views on broad commodity markets.

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DM outlook is increasingly bullish

April 15, 2021 | Articles

The April 2021 edition of Numera Analytics’ Global Macro Perspectives report features in-depth commentary of the key macro themes shaping the global economic outlook, as well as our latest country and regional views on growth, inflation, and exchange rates. 

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Are higher yields here to stay?

April 7, 2021 | Articles

The March 2021 edition of Numera’s US Macro Monitor explores the factors behind the surge in long-term Treasury yields and its implications for US investment strategy. We find that the increase primarily reflects stronger growth prospects, which improves the relative appeal of US equity holdings.

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What is behind China’s equity sell-off

March 30, 2021 | Articles

In the March 2021 edition of Numera’s Global Macro Monitor, we discuss China’s economic outlook and the factors behind the ongoing CN equity sell-off. We find that the correction realigns stocks with macro fundamentals, which in a context of strong global growth limits tail risk on new investments. Read More

Are EMs at the start of a new super-cycle?

March 18, 2021 | Articles

The March 2021 edition of Numera Analytics’ Global Macro Perspectives report features in-depth commentary of the key macro themes shaping the global economic outlook, as well as our latest country and regional views on growth, inflation, and exchange rates. 

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Why the weakness in gold prices

March 16, 2021 | Articles

The March 2021 edition of our Commodity Market Outlook focuses on gold, covering recent market developments and our pricing outlook over the coming year. As usual, we also provide an update on our latest views on broad commodity markets.

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Will the US economy overheat?

March 4, 2021 | Articles

The February 2021 edition of Numera’s US Macro Monitor explores the possibility of ‘overheating’. While GDP should normalize by Q4/21, it will take longer for the job market to recover, mitigating inflationary pressures. The macro outlook favours stocks over bonds, especially ‘reopening’ sectors.

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Industrial Production

Oil ‘bull’ run to continue

February 11, 2021 | Articles

The February 2021 edition of our Commodity Market Outlook focuses on crude oil, covering recent market developments and our pricing outlook over the coming year. As usual, we also provide an update on our latest views on broad commodity markets.

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Will the global economy overheat?

February 9, 2021 | Articles

The February 2021 edition of Numera Analytics’ Global Macro Perspectives report features in-depth commentary of the key macro themes shaping the global economic outlook, as well as our latest country and regional views on growth, inflation, and exchange rates. 

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