Analysts from J.P. Morgan Global Research take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.
Episodes
Thursday May 25, 2023
Thursday May 25, 2023
Jonny Goulden and Saad Siddiqui discuss the latest developments in EM fixed income and the divergence in performance between the local and hard currency pockets of the asset class.
Speakers
Jonny Goulden, Emerging Markets Strategist
Saad Siddiqui, Emerging Markets Strategist
This podcast was recorded on 25 May 2023.
This communication is provided for information purposes only. Institutional clients can view the related report https://www.jpmm.com/research/content/GPS-4421835-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.
Friday May 19, 2023
Friday May 19, 2023
We see no fundamental shift in the parameters of our forecast. Our supply-demand estimates point to a largely balanced market in January through April and a first deficit in May—a view confirmed by the latest IEA report which shows that after eleven months of builds, OECD commercial oil stocks drew 14 million barrels in February, followed by a hefty 56 mn bbls draw in March. With demand resilient and world oil supply set to fall starting from this month as wildfires shut in Canadian barrels and voluntary OPEC+ cuts take effect, we continue to project further tightening in the balances in the second half of the year. Consequently, our pricing model continues to screen $90 Brent, a target that remains our price forecast.
Speakers:
Natasha Kaneva, Head of Global Oil and Commodities Research
This podcast was recorded on 19 May 2023.
This communication is provided for information purposes only. Institutional clients can view the related report https://www.jpmm.com/research/content/GPS-4417827-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.
Friday May 19, 2023
Friday May 19, 2023
Arindam and Meera discuss the abrupt loss in China’s growth momentum and implications for CNH, EUR and the broad dollar.
This podcast was recorded on 19 May 2023.
This communication is provided for information purposes only. Institutional clients can view the related report at http://www.jpmm.com/research/content/GPS-4417140-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.
Thursday May 18, 2023
Thursday May 18, 2023
Jonny Goulden and Saad Siddiqui discuss the latest developments in EM fixed income and analyse how the overall volatility environment is impacting on the alpha and beta components of returns.
Speakers
Jonny Goulden, Emerging Markets Strategist
Saad Siddiqui, Emerging Markets Strategist
This podcast was recorded on 18 May 2023
This communication is provided for information purposes only. Institutional clients can view the related report https://www.jpmm.com/research/content/GPS-4414718-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.
Friday May 12, 2023
Friday May 12, 2023
Patrick Locke and James Nelligan discuss the risks facing global FX, and discuss recent developments across GBP, CHF, NOK and CAD.
Speakers
Patrick Locke, Global FX Strategy
James Nelligan, Global FX Strategy
This podcast was recorded on 12 May 2023.
This communication is provided for information purposes only. Institutional clients can view the related report https://www.jpmm.com/research/content/GPS-4408998-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.
Friday May 05, 2023
Friday May 05, 2023
Arindam Sandilya and Patrick Locke discuss the FX outlook amid banking sector stress and debt ceiling jitters in the US.
This podcast was recorded on 05 May 2023.
This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4406134-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.
Friday May 05, 2023
Friday May 05, 2023
Speaker
Gregory Shearer, Executive Director, Global Commodities Research
Gold prices continue to mount a seemingly Sisyphean climb to break above all-time highs getting knocked lower again by a stronger-than-expected US payrolls report for April. In contrast, base metals prices have slumped more notably in the last few weeks as Chinese demand remains underwhelming and recession uncertainties keep investors on the sideline. While gold and silver prices will likely continue to chop in a range until more certainty is gained on the Fed’s future rate hiking plans we still think the long-term direction of travel is higher. On the other hand, copper and other base metals could be in for a bumpier ride in the coming months.
This communication is provided for information purposes only. please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.
Wednesday May 03, 2023
Wednesday May 03, 2023
Scandi economist Morten Lund joins Currency Strategist James Nelligan to give an overview of the FX outlook with the economic backdrop in mind for Scandi and UK markets.
This podcast was recorded on 3 May 2023.
This communication is provided for information purposes only. Institutional clients can view the related reports at:
https://www.jpmm.com/research/content/GPS-4396176-0
https://www.jpmm.com/research/content/GPS-4387929-0
https://www.jpmm.com/research/content/GPS-4395340-0
https://www.jpmm.com/research/content/GPS-4396665-0
https://www.jpmm.com/research/content/GPS-4378202-0
https://www.jpmm.com/research/content/GPS-4399379-0
for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.
Friday Apr 28, 2023
Friday Apr 28, 2023
We discuss the US rates and global FX outlook ahead of the upcoming central bank meetings and US employment report.
Speakers
Meera Chandan, Co-Head of Global FX Strategy
Jay Barry, Co-Head of US Rates Strategy
This podcast was recorded on 28 April 2023.
This communication is provided for information purposes only. Institutional clients can view the related report https://www.jpmm.com/research/content/GPS-4398604-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.
Friday Apr 28, 2023
Friday Apr 28, 2023
Speakers
Natasha Kaneva, Head of Global Oil and Commodities Research
Thomas Palmer, Vice President of US Food Producers and Food Retailers
This podcast was recorded on Apr 28, 2023.
Wholesale diesel price in NY Harbor fell 37% from year ago levels, spurring worries of an impending recession. But the weakness in the US demand for diesel—fuel used in everything from trucks to construction equipment—is not a new phenomenon. Similar to gasoline, we observe that American truckers have been driving more on less. Data show that while demand for petroleum diesel has stagnated, consumption of biofuels like biodiesel and renewable diesel has been growing. In 2022, biofuels accounted for 4% of total US diesel supply, a share that is projected to increase to 15% by 2030.
This communication is provided for information purposes only. Institutional clients can view the related reports at https://www.jpmm.com/research/content/GPS-4395279-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.