Sunset Friday, September 9, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • A75 bps rate hike is not the new norm (according to ECB’s Lagarde yesterday at the ECB press conference). Also the Fed pledged to set interest rates in line with incoming economic data. Read more…
Monday, 5 September 2022 Please click here to read the PDF version Markets • US payrolls added a robust 315k but a downward two-month revision, slowing income growth and an unusually large uptick in the participation rate drew the attention. It smoothed off some of the sharpest edges in terms Read more…
Sunset Thursday, September 1, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Over the previous days, Fed and ECB policy makers advocating a protracted hiking cycle with yields to stay higher triggered a congruent sell-off in bonds and equities. Even with few important eco data Read more…
Tuesday, 30 August 2022 Please click here to read the PDF version Markets • Yesterday, last week’s repositioning on US and European interest rate markets simply continued with European markets again underperforming. Chair Powell on Friday was very clear that the Fed will do ‘whatever it takes’ to bring inflation Read more…
Monday, 29 August 2022 Please click here to read the PDF version Markets • Markets pondering Fed Powell’s assessment on monetary policy dominated trading throughout the whole of last week. It took Powell less than 10 minutes to clarify Fed’s intentions going forward. The Fed’s focus continues to be on Read more…
Friday, 26 August 2022 Please click here to read the PDF version Markets • “It’s time to just go to a meeting-by-meeting basis and not provide the kind of clear guidance that we had provided”. It were the final remarks of Fed Chair Powell at the July Fed meeting after Read more…
Tuesday, 12 July 2022 Please click here to read the PDF version Markets • The dollar enjoyed another day in paradise yesterday. The greenback excelled at the start of the new week, sprinting higher against all of its most important peers during outright risk aversion. Recession fears already took over 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…
Tuesday, 5 July 2022 Please click here to read the PDF version Markets • Trading for the new week took a slow start as US markets were closed in observance of the 4th of July holiday. In Europe only second tier data were scheduled for release. Last week’s panic on Read more…
Thursday, 30 June 2022 Please click here to read the PDF version Markets • Markets yesterday still showed highly sensitive to any headline on inflation. Even the CPI release from the German state of North-Rhine Westphalia triggered a nervous start on (European) bond markets. The lower than expected inflation print Read more…