Friday, 11 March 2022 Please click here to read the PDF version Markets • The ECB delivered a hawkish surprise. The APP will wind down more rapidly with purchases of €40bn in April, €30bn in May and €20bn in June. Previously, those same amounts would have been bought in all Read more…
Sunset Thursday, March 10, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Markets yesterday staged a broad risk-on repositioning since the start of the Russian invasion in Ukraine, hoping that mutual economic retaliations at least would come to a pause. There was even hope that Read more…
Thursday, 10 March 2022 Please click here to read the PDF version Markets • Full-blown risk-on. Equities rallied like there was no tomorrow with gains in Europe reaching almost 8% (German Dax) and up to 3.6% on Wall Street (Nasdaq). The EuroStoxx50 (+7.44%) convincingly smashed resistance at 3608 and a Read more…
Sunset Wednesday, March 9, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • What a difference a day makes. Yesterday, the US announcing a ban on the import of fossil energy from Russia still caused some caution on US equity markets. Today, investors apparently concluded that Read more…
Wednesday, 9 March 2022 Please click here to read the PDF version Markets • Yesterday’s news of the day undoubtably came from Bloomberg. The news agency ran a story about the European Union discussing plans to jointly issue bonds to finance defense spending and take up a notch or two Read more…
Sunset Tuesday, March 8, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • At the start this morning, it looked that trading would continue on yesterday’s risk-off script. Volatility remained elevated and so were energy/commodity prices. Uncertainty was fueled further by comments from Russian officials that Read more…
Tuesday, 8 March 2022 Please click here to read the PDF version Markets • Same story, different day. Only this time, US risky assets underperformed compared to European peers. Wall Street opened lower and slid further throughout the session. Stocks finished 2.37% (DJI) to 3.62% (Nasdaq) lower. The S&P500 (-2.95%) Read more…
Sunset Monday, March 7, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • A month ago ECB president Christine Lagarde flagged the ECB would take a close look at the inflation scenario. If necessary, the review could lead to a reassessment of the ECB’s policy roadmap Read more…
Monday, 7 March 2022 Please click here to read the PDF version Markets • US February payrolls on Friday came in better than expected and saw an upward revision for January too. The Fed is set to kick off the hiking cycle next week, even as wage growth came Read more…
Sunset Friday, March 4, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Headlines this morning that Russian shelling caused a fire at the territory of a major Ukraine nuclear power plant was the trigger for an outright risk-off session, especially on European markets. In volatile Read more…