At Any Rate

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.  

Jonny Goulden and Saad Siddiqui discuss the role of the USD as a dominant currency, the changing nature of EM foreign reserves, and the impacts of the US debt ceiling discussion on EM fixed income assets.

Speakers
Jonny Goulden, Emerging Markets Strategist

Saad Siddiqui, Emerging Markets Strategist

This podcast was recorded on April 27, 2023.

This communication is provided for information purposes only. Institutional clients can view the related report at www.jpmm.com/research/content/GPS-4396295-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.

Meera Chandan and Saad Siddiqui discuss the outlook for FX given the gap end of cycle narrative and better than expected activity data.

 

This podcast was recorded on 21 April 2023.

This communication is provided for information purposes only. Institutional clients can view the related report at http://www.jpmm.com/research/content/GPS-4380075-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.

Speakers:
Natasha Kaneva, Head of Global Oil and Commodities Research

 

This communication is provided for information purposes only. Institutional clients can view the related reports at https://www.jpmm.com/research/content/GPS-4389047-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.  

Jonny Goulden and Saad Siddiqui discuss the latest drivers for EM currencies, a potential mis-pricing of front-end rates, and structural issues for distressed sovereigns.

 

Speakers
Jonny Goulden, Emerging Markets Strategist

Saad Siddiqui, Emerging Markets Strategist 

 

This podcast was recorded on 20 April 2023.

This communication is provided for information purposes only. Institutional clients can view the related report https://www.jpmm.com/research/content/GPS-4391474-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.

Speakers: Jonny Goulden, Saad Siddiqui, Nicolaie Alexandru-Chidesciuc, Ben Ramsey

Tune in as our Emerging Markets Research Analysts analyze country specific dynamics and potential risks for  countries across EM, including Tunisia, Ukraine, Zambia, Egypt, Turkey, Sri Lanka, Pakistan, Ecuador and Argentina.

This podcast was recorded on 17 April 2023.

This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.

Speakers: Jahangir Aziz, Grace Ng, Sin Beng Ong

Listen to our Emerging Markets Economists as they summarize China’s reopening, PBOC and interest rate policies, and the potential impacts of geopolitical risks stemming from the region.

This podcast was recorded on 17 April 2023.

This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.

Speakers: Luis Oganes, Saad Siddiqui, Cassiana Fernandez, Nicolaie Alexandru-Chidesciuc

Join our research analysts as they discuss the state of EM, global monetary policy and idiosyncratic factors affecting some countries.

This podcast was recorded on 17 April 2023.

This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.

Meera Chandan and Roberto Henriques discuss the outlook for European banking sector and FX in the aftermath of US banking stress. 

This podcast was recorded on 14 April 2023

This communication is provided for information purposes only. Institutional clients can view the related report at www.jpmm.com/research/content/GPS-4386463-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.

Our economists continue to look for a 25bp hike in May, followed by an extensive pause. Any pause by the Fed could mark a turn in what has been one of the most aggressive hiking cycles in decades. With oil market micro fundamentals turning positive, a shift in US monetary policy could be an important signal for the oil markets. Looking at Brent oil returns during 3, 6, 12, and up to 30 months after the Fed ends its hiking cycle, buying the last hike has proven to be the correct strategy historically.

 

Speakers
Natasha Kaneva, Head of Global Oil and Commodities Research 

 

This podcast was recorded on 14 April 2023

This communication is provided for information purposes only. Institutional clients can view the related report

https://www.jpmm.com/research/content/GPS-4381809-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.