The CAC 40 index is down 1.3% on the day now with French government bonds also slipping further on the day. 10-year French bond yields are up 9 bps to 1.10% currently as it appears that investors are waking up to looming election risks.One of the latest opinion polls shows that far-right candidate,

To ban all coal imports from RussiaTo ban export to Russia of semiconductors, high-tech machinery, LNG extraction tech, other equipmentExport ban represents value of €10 billion per yearTo ban import from Russia of wood, cement, rubber, chemicals; estimated €5 billion per yearTo add dozens of other

An update on the COVID-19 situation in Shanghai. Be aware that lockdown measures in areas affected have been extended for another 10 days on Friday.

That’s quite the boost and makes Twitter one of the big movers before the open later today. For some context, the stake makes Elon the single largest shareholder in Twitter. Here’s a list of the other names (h/t @ itsTarH):

Just last week, Musk asked about creating a new social media platform b

EUR/USD is down 0.4% to a session low of 1.1010 as the euro has nearly wiped out its jump from last week, which came on the back of peace hopes initially here.

There are some modest expiries rolling off today at 1.1000-10 so that could be a factor attracting price action but for now, sellers a

Talks were scheduled to resume today but so far there have been little signs of a potential breakthrough following the optimism from last week here. The good thing is that talks are still ongoing but the next big development to watch for – at least for risk trades – will be whether or not we will se

Sees German growth of 2% this yearBut there are considerable risksThe situation would be even worse if Russian oil and gas supplies were to be haltedA significant recession in Germany would then be unavoidableCalls on ECB to end asset purchases and signal start of rate hikesAgain, no surprises that

I’m not going to draw any fancy lines on the chart but a glance at the monthly oil chart stands out because of the looming mirror image from April 2020, when prices went deeply negative only to leave a largely unchanged candle.
This time it’s a different geopolitical event but much of the s

Federal Reserve Bank of New York President John Williams spoke to a symposium at Princeton University’s Griswold Center for Economic Policy Studies.
He said the process of reducing the size of the Federal Reserve’s balance sheet could begin at the next meeting, May 3 & 4. The Fed holds around US$9

Bank of America Global Research discusses USD/CAD technical outlook and adopts a sell-on-rallies bias through Q2.
„We previously discussed a bias to fade USDCAD rallies in the 1.29s
as wave 5 of the pattern was estimated to complete there. On March 8