Sunset Tuesday, May 10, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Global markets entered calmer waters after yesterday’s wild risk-off. Even so, after losses of 3.0-4.0%, equities rebounding 2.0%/1.5% (EuroStoxx50/Nasdaq) isn’t enough to conclude that the repositioning has run its course. Eco data provided Read more…
Tuesday, 3 Mai 2022 Please click here to read the PDF version Markets • Markets yesterday had to cope with multiple, divergent pieces of news both on inflation and growth. Most data still suggested that the former is becoming an ever bigger hurdle for the second. Chinese data are flagging Read more…
Monday, 2 Mai 2022 Please click here to read the PDF version Markets • The balance between growth and inflation still was the talk of the town on Friday and will likely continue dominating the debate. EMU growth slowed to 0.2% Q/Q from 0.3% resulting in a 5.0 Y/Y. Few Read more…
Friday, 29 April 2022 Please click here to read the PDF version Markets • Dollar dominance reflected in new multiyear highs on a trade-weighted basis (DXY 103.93), against the yen (USD/JPY 130.95), against the euro (EUR/USD 1.0472) and against sterling (GBP/USD 1.2412). Fed Chair Powell’s comments last week ignited the Read more…
Thursday, 28 April 2022 Please click here to read the PDF version Markets • The dollar takes no prisoners these days. The past 5 trading days ended with impressive gains and this morning’s price action shows no signs of slowing. The trade-weighted greenback since last Thursday rose from 100 to Read more…
Sunset Wednesday, April 20, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Dollar correction today. It’s only the second time since March 31 that the greenback (trade-weighted DXY) loses over 0.5% in a single session. DXY returns below 100.50 after failing to take out the 101-mark Read more…
Friday, 25 March 2022 Please click here to read the PDF version Markets • Wednesday’s ‘classic’ risk-off correction with a setback in equities and a decline in yields proved to be a one-off rather than the start of a new trend. Oil (temporarily?) returning above $120 p/b was a warning Read more…
Tuesday, 1 March 2022 Please click here to read the PDF version Markets • The ongoing military action by Russia in Ukraine and markets assessing the consequences of reciprocal sanctions between Russian and the West caused an outright risk-off start for the week. Sentiment stayed nervous throughout the day, but Read more…