Dollar keeps more sluggish so far in European morning trade 5 (1)

The moves from earlier here are pretty much sticking, with equities continuing to look sluggish as well while bond yields are keeping lower – backing away from multi-year highs yesterday.EUR/USD continues to hug the 1.1000 level while USD/JPY is just off its low earlier of 117.72 to near 118.00 curr

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A recession is becoming more and more likely – ZEW 5 (1)

Expects stagflation in the coming monthsCollapsing economic expectations are accompanied by extreme rise in inflation expectationsImpact is seen across all sectors of the German economyEven more so in energy-intensive sectors and the financial sectorWell, I don’t think there’s much in here that we d

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Germany March ZEW survey current conditions -21.4 vs -22.5 expected 0 (0)

Prior -8.1
Expectations -39.3 vs 10.0 expected
Prior 54.3

That’s a poor reading but it is more or less expected, though the outlook reading shows a marked deterioration in sentiment. The Russia-Ukraine situation is largely to blame, with inflation worries surging and will likely

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