In a space filled with venture investors and traders, a blockchain fund run by value managers thinks it can give investors greater returns than bitcoin itself.
Archiv für den Monat: April 2022
Watch Treasury Secretary Janet Yellen speak live on the global financial system
Treasury Secretary Janet Yellen testifies Wednesday before the House Financial Services Committee on the state of international finance.
Stocks making the biggest moves premarket: Twitter, Spirit Airlines, Tilray and more
These are the stocks posting the largest moves before the bell.
Stocks fall for a second day as rates jump, with the Fed set to tighten policy aggressively
Minutes from the Fed’s most-recent meeting are slated for release Wednesday afternoon.
Key people from the Fed just spooked the markets — here’s what they said
Investors didn’t like what they heard from the Fed’s Lael Brainard and Mary Daly, sending major averages considerably lower on the day.
Fed’s Mary Daly says high inflation ‚is as harmful as not having a job,‘ pledges rate hikes ahead
San Francisco Fed President Mary Daly is worried about inflation, telling an audience Tuesday that the high cost of living is causing a heavy burden on society.
Oil Price Forecast Q2 2022: Robust Demand Still Met with Limited Supply
The price of oil spiked to a fresh yearly high ($130.50) in March amid the disruptions caused by the Russia-Ukraine war. Current market conditions may lead to higher crude prices as expectations fo…
Gold Price Forecast Q2 2022: Outlook Proves Mixed
There’s no two-ways about it: gold prices outperformed our expectations in Q1 22. Our rationale for not taking a bullish outlook on gold was, and still is, well-grounded: central banks, including t…
ForexLive European FX news wrap: Dollar mixed, bond selloff continues
Headlines:The bond market rout remains unrelentingChina state refiners reportedly staying away from new Russian oil tradesECB’s Lane: Important not to overreact to inflation surgeECB’s Panetta: Policy action now against inflation risks crashing the economyRBA’s Bullock: Expect some upward revision to our inflation forecastsRBA’s Kent: Some other forces likely to push inflation higher stillUS MBA mortgage applications w.e. 1 April -6.3% vs -6.8% priorEurozone February PPI +1.1% vs +1.3% m/m expectedGermany February factory orders -2.2% vs -0.2% m/m expectedMarkets:EUR leads, CHF lags on the dayEuropean equities lower; S&P 500 futures down 0.9%US 10-year yields up 7.4 bps to 2.627%Gold down 0.1% to $1,921.20WTI up 1.6% to $103.60Bitcoin down 2.1% to $44,910It was a quiet session for the most part but there were some decent moves in the market as we continue to see the bond selloff deepen. Meanwhile, equities tracked lower as stocks remain on the defensive after more hawkish Fed talk from Brainard yesterday.European indices are down by nearly 2% across the board with US futures also sinking further by roughly 1%.The moves didn’t quite translate into any meaningful action in FX though. Major currencies remain in a rather push and pull mood with the dollar seeing a slight advance early on only to give that all back to be little changed now.EUR/USD fell from 1.0890 to 1.0875 before clawing its way back up to 1.0910 levels currently. GBP/USD also slid to 1.3045 only to climb to 1.3100 and then fall back to 1.3070 at the moment.The yen remains an interest point amid the bond market rout but USD/JPY is seen hugging 123.70-90 levels for the most part during the session.The FOMC meeting minutes later in the day will be a key risk event to watch out for as what is happening in the bond market continues to be where all the action is at – highlighting the battle between central banks and inflation.
ECB’s Lane: Important not to overreact to inflation surge
Can’t respond to current high inflationECB orientation is geared towards the medium-termAgain, this does not sound like someone who is advocating for tighter policy sooner rather than later. Is it that surprising? Not in the slightest. The central bank continues to toy with market hopes but it is increasingly evident that they don’t really have the stomach for tighter policy when push comes to shove.In turn, this could be a headwind for the euro in the months ahead as the Fed begins to flex its muscles.