Markets to Watch This Week: Apple, Euro (Again) and European Yields
By Bilal Hafeez
(1 min read)
In this report, we standardise price changes across different markets to allow for cross-market comparisons.
Extreme jumps:
• US tech stocks took the centre stage over the past week with the Apply stock price jumping by over 2 standard deviations. NVIDIA, Amazon and Tesla experienced 1+ standard deviation jumps.
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In this report, we standardise price changes across different markets to allow for cross-market comparisons.
Extreme jumps:
- US tech stocks took the centre stage over the past week with the Apply stock price jumping by over 2 standard deviations. NVIDIA, Amazon and Tesla experienced 1+ standard deviation jumps.
- Outside of equities, New Zealand 2y yields jumped by 1.6 standard deviations, and natural gas prices rose by 1.3 standard deviations.
Extreme declines:
- At the other end of the spectrum, both EUR/USD and Norwegian yields tumbled by 1.8 standard deviations. German and Swiss 10y yields fell by around 1.5 standard deviations. The South African rand (ZAR) and Brazilian real (BRL) also saw 1+ standard deviation declines.
- In equities, JP Morgan shares fell by 1.2 standard deviations
- Despite large declines in crypto markets, bitcoin and ethereum price drops have so far been less than one standard deviation.
Given the above, we would watch US large tech stocks, the euro and European yields.
Bilal Hafeez is the CEO and Editor of Macro Hive. He spent over twenty years doing research at big banks – JPMorgan, Deutsche Bank, and Nomura, where he had various “Global Head” roles and did FX, rates and cross-markets research.
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)
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