Latest data released by NFIB – 9 March 2021
Schlagwort-Archiv: EUR
OECD raises 2021 global GDP growth forecast to 5.6% from 4.2% previously
OECD presents their latest economic forecasts, outlook
The organisation also raises its 2022 global GDP growth forecast to 4.0% from 3.7% previously in December. The latest outlook projects a significant boost to the US and global economy, helped by Biden’s $1.9 trillion stimulus package.
The organisation also raises its 2022 global GDP growth forecast to 4.0% from 3.7% previously in December. The latest outlook projects a significant boost to the US and global economy, helped by Biden’s $1.9 trillion stimulus package.
Eurozone Q4 final GDP -0.7% vs -0.6% q/q second estimate
Latest data released by Eurostast – 9 March 2021
The second estimate report can be found . Looking at the details, household consumption fell by 3% q/q after the revised 14.1% q/q jump in Q3 while government expenditure expanded by another 0.4% q/q after the revised 4.6% q/q jump in Q3 last year.
The second estimate report can be found . Looking at the details, household consumption fell by 3% q/q after the revised 14.1% q/q jump in Q3 while government expenditure expanded by another 0.4% q/q after the revised 4.6% q/q jump in Q3 last year.
Emerging market FX to fall another 4-5% – Morgan Stanley
In other words, they expect a stronger dollar narrative to prevail
The firm is downgrading their view on emerging market (EM) FX for the second time in two weeks, expecting another 4-5% drop given the current market landscape.
The firm is downgrading their view on emerging market (EM) FX for the second time in two weeks, expecting another 4-5% drop given the current market landscape.
BOE’s Bailey: We may need more evidence than normal that inflation rise will be persistent
Further remarks by BOE governor, Andrew Bailey
Oil turns to losses as early gains fizzle
WTI down 0.3% to $65.80 levels currently
From the peak earlier today, oil is down by more than $2 now as price hits a stumbling block as the dollar firms and as overall risk sentiment keeps softer in European trading.
From the peak earlier today, oil is down by more than $2 now as price hits a stumbling block as the dollar firms and as overall risk sentiment keeps softer in European trading.
US equities look set for another bumpy day later
Futures marked lower on the tech selloff
With 10-year Treasury yields also creeping above 1.60%, that will keep the market relatively nervous to kick start the trading week.
With 10-year Treasury yields also creeping above 1.60%, that will keep the market relatively nervous to kick start the trading week.
BOE’s Bailey: Negative rates contingency planning implies nothing about our intentions in that direction
Remarks by BOE governor, Andrew Bailey
– Toolkit decisions should not be interpreted about signal of future policy path
– Contingency planning for negative rates does not imply it is our chosen policy tool
The headline is pretty much the key takeaway from the latest set of remarks by Bailey, but this keeps with what we have heard
– Toolkit decisions should not be interpreted about signal of future policy path
– Contingency planning for negative rates does not imply it is our chosen policy tool
The headline is pretty much the key takeaway from the latest set of remarks by Bailey, but this keeps with what we have heard
US Senate passes $1.9 trillion stimulus bill
Huge spending bill passes 50-49
The US Senate passed Biden’s $1.9 trillion stimulus package with a number of amendments after a marathon session. The bill now heads back to the House where a vote will be held on Tuesday. It could be signed into law shortly afterwards.
The US Senate passed Biden’s $1.9 trillion stimulus package with a number of amendments after a marathon session. The bill now heads back to the House where a vote will be held on Tuesday. It could be signed into law shortly afterwards.
A Fed hike is fully priced in for December 2022
What does it mean?
The eurodollar curve has fully priced in an FOMC interest rate hike in December 2022.
That’s in stark contrast to Fed forecasts and messaging so one side has to be wrong. Normally that would be the Fed but maybe the rules of the game have changed.
The eurodollar curve has fully priced in an FOMC interest rate hike in December 2022.
That’s in stark contrast to Fed forecasts and messaging so one side has to be wrong. Normally that would be the Fed but maybe the rules of the game have changed.