Asks if Trump's assurances change the narrative for oil, given lack of details.
Haidi Stroud-Watts
Brendan Fagan
I do think it's a major positive. If there is anything that can ease the boil in oil... We saw 9% gain pared pretty aggressively earlier today.
Asks how worried we should be about private market troubles influencing macro.
April Hong
Brendan Fagan
Private credit is an area of concern. What's being done behind the curtain is coming out. When things go wrong, they go wrong in a spectacular fashion.
Asks if we expect a recovery in Asian currencies.
Haidi Stroud-Watts
Brendan Fagan
It was a tough day for EM and specifically Asian currencies due to dependence on imported oil. If the US Navy steps in, that offers relief bounce.
Asks with lack of detail, are we really going to see a bounce today in oil-dependent economies like South Korea.
April Hong
Brendan Fagan
We closed the New York session pretty optimistically. We saw a decent bounce across EM and Asian FX. There's room to bounce here.