Monday, 25 April 2022 Please click here to read the PDF version Markets • The second half of last week was marked by a hawkish market repositioning with regard to the timing and the number of future ECB rate hikes. Several ECB governors broke ranks with President Lagarde’s official communication Read more…
Sunset Friday, April 22, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Yesterday’s risk correction spilled to Europe today. US stocks took a scare from a new fierce sell-off in US Treasuries following Fed Chair Powell’s call for a speedy return to neutral policy rate levels. Read more…
Friday, 22 April 2022 Please click here to read the PDF version Markets • Yesterday was all about central bank talk. ECB council member Wunsch and vice-governor de Guindos kicked off with some hawkish comments, accompanied later by rumours that several ECB officials will bring a 50 bps rate hike Read more…
Sunset Thursday, April 21, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Kazaks from Latvia and Nagel from Germany yesterday, Wunsch (Belgium) and de Guindos (Spain) today. ECB hawks were sent to do the heavy lifting, ie prepare financial markets for imminent policy normalization. Before the Read more…
Thursday, 21 April 2022 Please click here to read the PDF version. Markets • Economic data during yesterday’s trading day was limited to US housing data (see below). The Fed’s Beige Book held all the anecdotical evidence one could have expected: a tight labour market and strong inflationary pressures. Districts 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…
Wednesday, 20 April 2022 Please click here to read the PDF version Markets • Markets shifted into higher gear yesterday after a false start on Monday with European markets still closed and lower-volume trading in the US. Core bonds again took center stage. US Treasuries underperformed Bunds, especially at the Read more…
Tuesday, 19 April 2022 Please click here to read the PDF version Markets • The ECB on Thursday last week disappointed euro bulls as they went into a four-day weekend. They hoped for something more than an almost unchanged assessment, especially after inflation in March again surprised to the upside. Read more…
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