Inflation fears and a weaker USD…should one bet on Gold? (Carlsquare)
That higher inflation makes rate hikes important is now supported by many Fed members. Given this situation, the search for an inflation hedge (where Gold might be one alternative) will increase.
Nonfarm payrolls in the US rose by 199,000 in December, about half the analysts’ average forecast of 400,000 new jobs. Adjusted for retroactive new jobs in November and December, the decrease versus Consensus was 15 percent, though.
On interest rate fears, stock markets generally rebounded on Friday, January 7, 2022. Add to that news of a couple of minor Chinese property bankruptcies, and you also receive a credit risk issue. The Nasdaq and Shanghai have been particularly weak over the past month. The US 10-year Treasury yield has broken up in earnest this time, above the old limit of around 1.7 percent. More worrying, though, HYG (junk bond ETF) has dropped significantly during the last weeks.
The Vontobel weekly newsletter elaborates on the S&P500 index, Nasdaq, Apple, OMX30, Swedbank, DAX, Euro/USD, and the gold price.
Please find out more in our weekly letter on certificates Vontobel.com: Read the weekly newsletter here
About Carlsquare
Carlsquare is a Pan-European research firm and financial advisor, focusing on M&A, Equity
Research and Growth Equity. Carlsquare has 70+ employees with deep sector knowledge in all 11
GICS sectors. The senior equity research team have an extensive experience about the stock
environment and several business sectors. The team produces company research reports,
independent valuations and trading notes. The group have offices in Berlin, Copenhagen,
Hamburg, London, Munich and Stockholm. Read more
Contact
MARKUS AUGUSTSSON
Head of Equity Research
markus.augustsson@carlsquare.com
+46 (0)76 235 03 20
About Vontobel:
As a globally operating financial expert with Swiss roots, Vontobel specializes in wealth management, active asset management and investment solutions. Digital Investing bundles different investment solutions for private investors either directly or via ecosystems. Read more