Further comments by Weidmann
report
report
Schlagwort-Archiv: EUR
Bundesbank’s Weidmann: German economy strong enough to cope with longer lockdowns
Comments by ECB policymaker and Bundesbank president, Jens Weidmann
Some token remarks there by Weidmann but that fits with the market narrative at the moment as well, with the way bonds have reacted over the past two weeks. Essentially, a strong recovery is expected in 2H 2021 but that is still largely conditional on how the
Some token remarks there by Weidmann but that fits with the market narrative at the moment as well, with the way bonds have reacted over the past two weeks. Essentially, a strong recovery is expected in 2H 2021 but that is still largely conditional on how the
EU says it is confident it can vaccinate 70% of adult population by summer
EU says that its joint vaccine strategy is not unravelling
Most countries tend to sandbag the vaccine timeline as anything better will just make the incumbent government look good. As much as we want to believe that health priorities come first, politicians will be politicians at the end of the day.
Most countries tend to sandbag the vaccine timeline as anything better will just make the incumbent government look good. As much as we want to believe that health priorities come first, politicians will be politicians at the end of the day.
Oil steadies after earlier drop, OPEC remains in focus
Oil claws back earlier losses to unchanged levels around $60.65
WTI crude was down by 1% at the start of European trading just below $60 but has clawed its way back higher on the session as traders brush aside fears of OPEC+ increasing supply at the meeting later in the week.
WTI crude was down by 1% at the start of European trading just below $60 but has clawed its way back higher on the session as traders brush aside fears of OPEC+ increasing supply at the meeting later in the week.
Yields creep a little higher on the session
The sentiment in the bond market is keeping the overall market mood more delicate once again in European morning trade
10-year Treasury yields are up 2 bps to session highs of 1.439% while Italian 10-year yields are seen up 5 bps to 0.71% and German 10-year yields are up 1 bps to -0.32%.
10-year Treasury yields are up 2 bps to session highs of 1.439% while Italian 10-year yields are seen up 5 bps to 0.71% and German 10-year yields are up 1 bps to -0.32%.
Germany reportedly to allow shops to reopen under strict conditions under modified lockdown
Reuters reports, citing a draft agreement seen on the matter
One of the conditions is that shops in certain areas will be allowed to reopen where the infection rate is seen below 35 per 100,000. For some context, the general 7-day incidence rate for the country stood at 65.4 in the latest update today.
One of the conditions is that shops in certain areas will be allowed to reopen where the infection rate is seen below 35 per 100,000. For some context, the general 7-day incidence rate for the country stood at 65.4 in the latest update today.
Eurozone February preliminary CPI +0.9% vs +0.9% y/y expected
Latest data released by Eurostat – 2 March 2021
Heads up: Fed speakers coming up later in the day
Fedspeak is going to be a hot topic in the market this week
Here’s the agenda for today:
1400 GMT – Fed’s Williams speaks at a virtual conference
The conference is hosted by the NY Fed and Williams will be delivering opening and closing remarks at the event. His opening speech is expected to be for 5 minutes
Here’s the agenda for today:
1400 GMT – Fed’s Williams speaks at a virtual conference
The conference is hosted by the NY Fed and Williams will be delivering opening and closing remarks at the event. His opening speech is expected to be for 5 minutes
US Treasury yields tick higher ahead of North American trading
10-year yields up over 4 bps to near 1.45%
At the start of European morning trade, it was holding around 1.40%. Meanwhile, 30-year yields are up by over 7 bps on the day and closing in on 2.23%.
At the start of European morning trade, it was holding around 1.40%. Meanwhile, 30-year yields are up by over 7 bps on the day and closing in on 2.23%.
Bitcoin is at a tipping point – Citi
Bitcoin could either surge dramatically or blow up entirely, says Citi
But Citi warns that the cryptocurrency is facing a „tipping point“ at the moment with the potential to explode higher or implode completely.
But Citi warns that the cryptocurrency is facing a „tipping point“ at the moment with the potential to explode higher or implode completely.