European Stocks Surf on Softer USD
Markets were quiet yesterday, as the US was closed for Thanksgiving. European markets mostly surfed […]
Yields Lower Despite Hawkish ECB Comments
Market movers today No major data releases are scheduled for today, but Swedish October PPI and […]
Fed Minutes Quantified Probability of Recession, Giving Almost 50-50 Chance
Markets Core bonds rallied yesterday. US Treasuries vastly outperformed Bunds, catching a bid from economic […]
Global Slowdown Confirmed by November PMIs
Market movers today The main event today will be the Riksbank meeting, where we expect […]
ECB de Guindos: We will continue to raise interest rates
ECB Vice-President Luis de Guindos said at a finance event, “we will continue to raise […]
Traders Await FOMC Minutes to Learn About Fed’s Outlook on Monetary Policy
On Tuesday, the Swiss franc was the best-performing currency among the 20 global currencies we […]
Eurozone PMI composite ticked up to 47.8, consistent with -0.2% GDP contraction in Q4
Eurozone PMI Manufacturing rose from 46.4 to 47.3 in November. PMI Services was unchanged at […]
EUR/USD Extends Yesterday’s Advance, Count Down to the November PMIs
Markets Risk-on held the upper hand during an initially choppy trading session yesterday. Stocks finished […]
No Recession, But Slow and Low Growth
The OECD said the global economy will avoid a recession this year, and next year, […]
EU Proposes Gas Price Cap
Market movers today The most important data releases today will be the November Flash PMIs […]
ECB Simkus: 50bps a must for Dec, 75 also possible
ECB Governing Council member Gediminas Simkus said, “it’s clear that 50 basis points is a […]
ECB accounts: Clear that rates would need to be raised further
In the accounts of ECB’s October 26-27 meeting, it’s noted that the 75bps rate hike […]