Sunset Wednesday, July 6, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • There’s no letting-up in the euro sell-off. Yesterday’s steep decline met with follow-through losses today, even as risk sentiment, for example on equities, turned for the better. The likes of the EuroStoxx50 are adding Read more…
Wednesday, 6 July 2022 Please click here to read the PDF version Markets • The relative calm that (temporary) returned to markets on Monday didn’t last long. A bit strange, yesterday’s huge market swings weren’t triggered by US investors returning from the 4th of July holiday. It was mainly European Read more…
Sunset Tuesday, July 5, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • GEURONIMOOO! The euro is sliding to new multiyear lows against a range of currencies. EUR/CHF revisited sub-parity territory after recovering over the past few days from a similar adventure last week. The currency pair Read more…
Sunset Wednesday, June 29, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • The first German regional CPI number immediately grabbed investors’ attention this morning. North Rhine Westphalia CPI fell by 0.1% M/M to moderate from 8.1% Y/Y to 7.5% Y/Y. The euro fell with EU Read more…
Wednesday, 29 June 2022 Please click here to read the PDF version Markets • European bonds continued to underperform their US peers yesterday. ECB Lagarde sharpened the central bank’s communication at the Sintra symposium. If necessary, the ECB would act in a determined and sustained manner to tackle inflation. Conditions 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…
Friday, 4 March 2022 Please click here to read the PDF version Markets • There was still no reason for investors to consider rowing against the ruling risk-off yesterday as there was no evidence on any solution to Russian invasion in Ukraine. Persistent uncertainty on the length and the outcome Read more…
Friday, 4 February 2022 Please click here to read the PDF version Markets • A hawkish hike and a hawkish hold. The Bank of England raised rates by 25 bps to 0.50%, initiated the natural roll off of the balance sheet and will actively start selling from the corporate bond Read more…