Market Insights Podcast (Episode 353)

Senior Market Analyst Jeffrey Halley talks about news impacting the market and the week ahead.

In this week’s episode, equities are rallying powerfully in Asia and Europe, and the question is whether this bear market rally has some legs to it? We start the day talking about the baking temperatures in the UK and Europe, the merits of air conditioning in Asia, and the economic impact of people staying indoors. We revisit this theme a few times as we discuss today’s Asian and European stock market rally after some positive news out of China.

Then it’s onto last Friday’s US consumer sentiment and retail sales data. With both data sets outperforming, stock markets shrugged off 100 basis point hike fears from the Fed and rallied, causing a sentiment rally across asset classes. We dig a little deeper into that. Then it’s onto whether the equity rally has legs in a slow global data week. We move to the ECB policy decision on Thursday and then the week’s main risk event from Jeff’s perspective. Will Russia turn the gas pipeline back on this Thursday? Following that, a quick look at the data calendar ahead and then the Bank of Japan and Bank Indonesia policy decisions. Of the two, BI’s looks set to have a more significant market impact in Asia.

 

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Jeffrey Halley

Jeffrey Halley

Senior Market Analyst, Asia Pacific, from 2016 to August 2022
With more than 30 years of FX experience – from spot/margin trading and NDFs through to currency options and futures – Jeffrey Halley was OANDA’s Senior Market Analyst for Asia Pacific, responsible for providing timely and relevant macro analysis covering a wide range of asset classes. He has previously worked with leading institutions such as Saxo Capital Markets, DynexCorp Currency Portfolio Management, IG, IFX, Fimat Internationale Banque, HSBC and Barclays. A highly sought-after analyst, Jeffrey has appeared on a wide range of global news channels including Bloomberg, BBC, Reuters, CNBC, MSN, Sky TV and Channel News Asia as well as in leading print publications such as The New York Times and The Wall Street Journal, among others. He was born in New Zealand and holds an MBA from the Cass Business School.
Jeffrey Halley
Jeffrey Halley

Latest posts by Jeffrey Halley (see all)