Sunset Wednesday, May 18, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • ECB policy makers keep up the July rate hike rhetoric. ECB Muller, de Cos and Rehn were today’s chosen ones. Interestingly, more governors start talking about what could come next after an inaugural July Read more…
Thursday, 12 May 2022 Please click here to read the PDF version Markets • US headline/core inflation for April came in at 8.3%/6.2% yesterday, defying expectations for a bigger decline from the 40-year highs. Core inflation also showed more signs of broadening and being increasingly persistent. It wasn’t the surprise Read more…
Sunset Wednesday, May 11, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Another series of ECB speeches made it all but certain now: a July rate hike is coming. This was not only confirmed by usual suspects including German ECB governor Nagel. The middle/neutral camp Read more…
Wednesday, 11 May 2022 Please click here to read the PDF version Markets • The equity sell-off took a breather yesterday. European stocks eked out gains of less than 1%. Markets in the US slid early in the open but rebounded later, ending the session with gains for the S&P Read more…
Wednesday, 13 April 2022 Please click here to read the PDF version. Markets • Yesterday’s US CPI caused investors to take a step backward and assess the standing uptrend in US/global yields. Both the headline CPI (1.2% M/M and 8.5% Y/Y) and core (0.3% M/M and 6.5% Y/Y) reached the Read more…
Tuesday, 12 April 2022 Please click here to read the PDF version Markets • The bond market sell-off continued unabatedly yesterday. Last week’s ECB and Fed minutes made investors realize that the era of low interest rates is definitely over. Multiple US and EMU yields set new cycle highs or Read more…
Sunset Friday, April 1, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Investors were relatively cautious to place strong directional bets at the start of the new quarter. There was no follow-through price action on yesterday’ risk-off move. Or was it simply an end of 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…
Thursday, 3 March 2022 Please click here to read the PDF version Markets • There are still few signs that the conflict in Ukraine might end soon. New talks between Ukraine and Russia are planned for today, but the outcome is unpredictable. Even so, markets yesterday left the risk-off modus. Read more…
Friday, 11 February 2022 Please click here to read the PDF version Markets • Over the previous week, ECB Chair Lagarde’s U-turn on the inflation assessment and strong US payrolls caused hefty turbulence on interest rate markets on both sides of the Atlantic. Yesterday’s US CPI release triggered nothing less Read more…