News & Updates
In our News & Updates section, we’ll keep you informed about what is happening at MeDirect Group. Through this section we also publish weekly market updates provided by well-established fund houses and other interesting financial reads. Make sure to visit often to keep yourself up to date.
MeDirect Bank invests in modern, fun and employee-centred Head Office
MeDirect Bank has inaugurated its newly-refurbished state-of-the-art head office in Tigné Point, Sliema. The revamped offices reflect a modern, fun, fresh and functional design which complements MeDirect’s fast and agile pace.
BlackRock Commentary: Recession looms as regime takes root
BlackRock have argued for a while that they’re in a new macro regime. Central bankers at the recent Jackson Hole forum started to recognize this reality. But BlackRock think they’re not prioritizing economic implications over pressure to curb inflation.
Notes from the Trading Desk – Franklin Templeton
The ECB will be a key focus on Thursday as it considers accelerating the pace of interest-rate hikes. The market is placing about a 70% probability on a 75-basis-point increase, which would be the ECB’s single biggest hike since its inception. Sticking with Europe the energy crisis will remain front and centre given the Nord Stream 1 shut down. Markets will also be watching German Industrial Production data, out on Wednesday.
Notes from the Trading Desk – Franklin Templeton
The euro traded through parity versus the US dollar last week given a gloomy European economic backdrop. Gas prices remain in focus, with Nord Stream 1 scheduled to shut down for three days of maintenance on 31 August. The EU just called an emergency meeting of energy ministers to discuss bloc-wide solutions to the spike in power prices.
Notes from the Trading Desk – Franklin Templeton
Energy prices continue to be a focus for markets. Both European and US futures markets trade up to their respective 200-day moving averages but fail to break through and quickly pull back last week. Outside of equity markets, the US dollar had a notable move higher again last week, with the Dollar Index (DXY) up 2.3% and trading back near multi-year highs.
BlackRock Commentary: Earnings under pressure
Stocks are rallying as markets believe inflation is waning and the Fed will slow hikes soon. BlackRock don’t think the rally is sustainable. Why? They see the Fed hiking rates to levels that will stall the economic restart. Corporate earnings may weaken more as consumer spending shifts and profit margins contract.
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