The major U.S. stock indexes fell on Thursday on concern about the global economic comeback from Covid-19.
Archiv für den Monat: Juli 2021
EUR Q3 Fundamental Forecast: ECB Review May Lead to Euro Weakness
As predicted at the end of March in the second quarter forecast, EUR/USD rallied strongly in Q2, rising from a low of 1.1704 on March 31 to a high of 1.2266 on May 25 before dropping back.
ECB sets inflation target at 2% after strategy review
ECB announces the results of its latest strategy review
– New strategy adopts symmetric 2% inflation target over medium-term
– This may also imply a transitory period in which inflation is moderately above target
The decision here has been very much expected and is a move away from their previous inflation targeting of „below but close to 2%“.
– New strategy adopts symmetric 2% inflation target over medium-term
– This may also imply a transitory period in which inflation is moderately above target
The decision here has been very much expected and is a move away from their previous inflation targeting of „below but close to 2%“.
Treasury yields fall further as the unrelenting bid in bonds continue
10-year Treasury yields down by nearly 7 bps today to 1.25%
A key question that is being posed by the bond market right now is, are we seeing the death of the reflation trade? And why exactly is that the case?
A key question that is being posed by the bond market right now is, are we seeing the death of the reflation trade? And why exactly is that the case?
Risk aversion stays the course so far on the session
Equities being hammered across the board
S&P 500 futures are now down 1.5% and that is putting pressure on risk trades on the day, with commodity currencies bearing the brunt in the FX space.
S&P 500 futures are now down 1.5% and that is putting pressure on risk trades on the day, with commodity currencies bearing the brunt in the FX space.
BOJ reportedly expected to cut growth forecast for the year as virus restrictions dampen outlook
Reuters reports, citing sources familiar with the situation
The report says that the BOJ is expected to slash this fiscal year’s growth forecast in its latest projections next week, as another state of emergency for Tokyo threatens to dent consumption and general economic activity.
The report says that the BOJ is expected to slash this fiscal year’s growth forecast in its latest projections next week, as another state of emergency for Tokyo threatens to dent consumption and general economic activity.
Japan officially declares state of emergency for Tokyo
As announced by Japanese prime minister, Yoshihide Suga
This comes just two weeks before the Olympics but it is expected after a rise in daily infections in the Japanese capital. Tokyo recorded 920 new cases yesterday, the most since 13 May, followed by 896 new cases today.
This comes just two weeks before the Olympics but it is expected after a rise in daily infections in the Japanese capital. Tokyo recorded 920 new cases yesterday, the most since 13 May, followed by 896 new cases today.