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Global Markets Macro Strategy Research

Macro & Strategy Research

WHEREVER YOU NEED TO GO, WE MAKE IT HAPPEN

Our top-ranked economists and rates & FX strategists with solid market experience provide local colour out of our hubs located around the world. We provided detailed coverage of all countries in the respective regions by relying on our fully dedicated teams located in Argentina, Brazil, Chile, Mexico, the United States, the United Kingdom and Spain.

Our mission is to provide timely in-depth analysis of the economies we cover and investable trading recommendations in rates and FX markets. We also aim to provide our clients with thematic and customized research to support their investment and hedging decisions in the assets and geographies we cover.

Our solutions for you
  • Euro Area, US and UK economies: Within the Euro area, we cover the German, French, Italian and Spanish economies in detail. Our in-depth structural economic analysis enables us to make strong calls and provide key insights into the economic backdrop. In this way, we produce highly-regarded quality forecasts of the day-to-day economic indicators and a medium-term economic outlook.
  • Rates strategy: We cover EUR, GBP and USD government bonds (nominal and linkers) and linear and non-linear rates derivatives in those currencies. We analyse their macro fundamentals, including central bank policies, as well as issuance and credit dynamics, with the aim of identifying relative-value and directional opportunities and trade ideas. In the SSA space, we cover issuers such as the EU, ESM, EFSF, EIB and KfW.
  • FX strategy: We directly cover all developed–country FX markets (including EUR, GBP and USD) as well as the Chinese renminbi. We also cover emerging market currencies in cooperation with our colleagues in New York, Latin America and Poland. The group’s approach focuses on thematic and macroeconomic analysis to identify both short- and long- term trends, as well as opportunities in the FX market.
  • Technical Analysis: Supporting our strategic rates and FX analysis, we use technical analysis to identify statistical trend signals collated from trading activity in order to optimise market entry and exit levels and to cross-check our trading recommendations relative to the broader market.
  • Equity Derivatives Strategy: We generate hedging, directional and yield-enhancing strategies on equity indices, single stocks and dividends in liquid names in Europe and the US, based on in-house macroeconomic, fundamental and technical analysis and an in-depth study of derivative market flows.
Why choose Santander CIB
  • A fully integrated bespoke service that supports high volumes.
  • Strong relationships with some of the world’s largest corporations and institutional investors.
  • Combining a global presence in the world’s major financial hubs with leading market expertise in our core footprint of Europe and Latin America.

Awards

SRP
2023

Best Distributor in Spain

Global Capital
2023

ABS Issuer of the Year

Global Capital
2023

SRT Bank of the Year

Global Capital
2023

Most Innovative Deal of the Year

Global Capital
2023

Most Impressive Bank for ESG Capital Markets in Latin America

Global Capital
2023

Latin America Derivatives House of the Year

SRP
2023

Best house

SRP
2023

Top distributor

SRP
2023

Outstanding performance

Euromoney
2022

Market Leader Investment Banking España

Euromoney
2022

Market Leader Corporate Banking Chile

Euromoney
2022

Market Leader Corporate Banking España

Global Capital
2022

Latin America Derivatives House of the Year

Euromoney
2022

Best Investment Bank in Spain

Institutional Investor
2022

Best Iberian Broker

Global Capital
2022

Latin America Derivatives House of the Year

Euromoney
2022

Best Investment Bank Spain

Global Capital
2022

Risk Transfer Bank of the Year

Risk
2022

Risk Solutions House of the Year

FX-W
2022

Best Bank for USD/BRL

FX-W
2022

Best Bank for Latam

Euromoney
2022

Market Leader Corporate Banking Portugal

FX
2022

Best Regional Spot dealer (Americas)

FX
2022

Best NDF&'s dealer

Latin Finance
2021

Bank of the year: Argentina, Chile, Mexico and Southern Cone

Euromoney
2021

Best Bank for Financial Inclusion

The Banker
2021

The Banker Deals of the Year 2021 (Americas)

The Banker
2021

The Banker Deals of the Year 2021 (Europe)

FX-W
2020

Best Bank for USD/BRL

FX-W
2020

Best Bank for Latin American Currencies

Extel
2019

N.1 Cash Equities Spain & Portugal

Global Capital
2019

Best Liquidity Provider

FX-W
2019

Best bank for emerging LatAm currencies 2019

Global Capital
2018

Best Liquidity Provider

Extel
2018

N.1 Leading Brokerage Firm Spain & Portugal

Extel
2018

#1 Company & Expert Meetings: Brokerage Firm Spain & Portugal

Extel
2018

#1 Country Research: Brokerage Firm Spain & Portugal

Extel
2018

#1 Equity Sales: Brokerage Firm Spain & Portugal

Extel
2018

#1 Trading/Execution: Brokerage Firm Spain & Portugal

FX-W
2018

Best Bank - Latam Currencies

Global Capital
2017

Best Liquidity Provider in covered bonds