Sunset Monday, May 16, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • “Expect a decisive June meeting, and an active summer”, French ECB governor Villeroy said today in a speech. He also stressed the central bank “carefully monitor(s) developments in the effective exchange rate, as a 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…
Tuesday, 10 May 2022 Please click here to read the PDF version Markets • Bond markets are in a schizophrenic state of mind these days. Core bond yields surge at one occasion, bracing for super aggressive tightening cycles by the likes of the Fed but tumble at another when pondering 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…
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…
Tuesday, 26 April 2022 Please click here to read the PDF version Markets • A Chinese growth slowdown ranks as one of the biggest risks to future global growth. March data already showed the impact of lockdowns in Shanghai (still in place), with an outbreak in Beijing over the weekend 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…
Sunset Tuesday, April 5, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • At first sight, the context for global trading today wasn’t much different from yesterday. Except for a strong US services ISM (58.3 vs 58.5 expected), there were again hardly any data with market Read more…
Tuesday, 5 April 2022 Please click here to read the PDF version Markets • The EU condemned Russian war crimes in Ukraine and looks into stepping up economic sanctions. The risk of a new escalation increases and triggered a first meaningful correction higher in European bonds in over a month. 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…