Sunset Friday, September 9, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • A75 bps rate hike is not the new norm (according to ECB’s Lagarde yesterday at the ECB press conference). Also the Fed pledged to set interest rates in line with incoming economic data. Read more…
Friday, 9 September 2022 Please click here to read the PDF version. Markets • The world’s two biggest central banks were in focus yesterday. The ECB jacked up interest rates by an unprecedented 75 bps to bring the deposit rate at 0.75%. Growth may grind to a halt in the Read more…
Sunset Thursday, September 8, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • The ECB hiked its policy rates by 75 bps: 0.75% for the deposit rate and 1.25% for the marginal lending rate. That makes a cumulative 125 bps tightening over just two meetings. All else Read more…
Thursday, 7 September 2022 Please click here to read the PDF version Markets • The biggest move in core bonds happened on UK soil. Gilt yields crashed 20bps at the front end of the curve. Some BoE officials, testifying before Parliament, pointed out that the new government’s energy plans would Read more…
Sunset Wednesday, September 7, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Core bonds recovered some of the lost ground today. Notable outperformer: UK Gilts. Yields in the UK drop 5 bps at the long end to a whopping 23 bps at the front end Read more…
Wednesday, 7 September 2022 Please click here to read the PDF version Markets • Try and stop the dollar. The greenback remains in absolute pole position against peers. Yesterday was no different. The trade-weighted DXY surpassed the 110 barrier for the first time since 2002. EUR/USD closed at a new Read more…
Sunset Tuesday, September 6, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Interest rate markets show quite a divergent pattern. US markets reopened after enjoying a long weekend. Yesterday’s bearish price action in Europa, notably in a risk-off market, made clear that markets are more Read more…
Tuesday, 6 September 2022 Please click here to read the PDF version Markets • Energy stayed the dominant trading theme on European markets yesterday. Gas prices surged as much as 36% intraday before the panic subsided somewhat. Eventual gains for natural gas amounted to about 15%. Oil prices also rose Read more…
Sunset Monday, September 5, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Markets’ sole focus is on Gazprom’s announcement last Friday that gas flows through Nord Stream I will be halted for an undetermined amount of time to fix an oil leakage spotted during scheduled Read more…
US Labor Day Holiday (Sep 5th) Trading Hours 2022 Please be aware of the altered trading hours around Labor Day in the US. Several permitted assessed Tryout products are affected. Trading halts have been brought forward to 12pm CT for some products and 13.30pm CT for others (whereas usually we Read more…