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Investment Strategy Bulletin ꟾ May 30, 2025
This week’s market dynamics were a microcosm of the story we’ve been telling over the past month: AI investment and tariff noise are both here to stay. While fears over Chinese AI upstarts and US export restrictions drove a selloff in AI infrastructure stocks earlier this year.
Weekly FX Focus ꟾ 22nd May 2025
The US-China tariff reductions announced on May 12th in which both agree to cut tariffs for 90 days until August 10th (vs July 8th for the rest of the world) are significantly bigger than expected. The US agrees to lower tariffs to 30% from 145% and China to 10% from 125%.
CIO Strategy | 8th May 2025
The replay is now available for this past Thursday's CIO Strategy Webcast, featuring Bruce Harris - Head, Global Fixed Income Strategy, Jaideep Tiwari - Global Head of FX Strategy and Ken Peng - Head, Asia Pacific Investment Strategy.
FX Perspectives | May 9th, 2025
Since April, the broad-based USD Index, the DXY has dropped sharply. The tariffs caused a market downgrade of US exceptionalism. This caused a loss in confidence of the USD safe haven appeal which led to investors unwinding their long positioning of US treasuries and USD.
Click here to listen to the latest episode.
Quadrant | February 7, 2025
Territorial claims. Tariffs. Government makeovers. What is the new US administration really up to? While we remain optimistic U.S. growth and profits will rise in 2025 and 2026, any new approach to trade – with both allies and rivals – brings increased risk to the table.
Middle East Strategy ꟾ May 2025
After years of restraint, OPEC+ is hiking production. The group announced it will raise oil output by 411k barrels per day (b/d) in June, similar to its April increase. Markets had expected just 140k b/d. OPEC+ also says it will speed up the return to market of 2.2 million barrels per day that it had withdrawn in recent years, with the potential to pause or reverse the decision.
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