ECB’s Holzmann: Cannot rule out possibility that ECB could implement new policy tools 0 (0)

Comments by ECB policymaker, Robert Holzmann
– PEPP purchases worked, helped to lower spreads
– There are indications for sustainable recovery from the middle of 2021
Yeah, that is not going to happen. Holzmann’s remarks may be his own but I’m sure most, if not all, governing council members would also not go with a rate cut next

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US MBA mortgage applications w.e. 20 November +3.9% vs -0.3% prior 0 (0)

Latest data from the Mortgage Bankers Association for the week ending 20 November 2020
–  -0.3%
– Market index 863.6 vs 831.5 prior
– Refinancing index 4,077.7 vs 3,901.6 prior
The long-term mortgage rate fell to a survey low in the past week and that is continuing to spur housing market activity, with purchases and refinancing both jumping. After

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EU’s Šefčovič: Brexit talks are difficult but constructive 0 (0)

There is still quite a degree of silence surrounding the latest round of talks
Both sides aren’t giving much away and as the saying goes, silence is golden. It could very well just be some political theater before we get some imminent announcement of a makeshift agreement as alluded to earlier in the week . But

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UK November CBI retailing reported sales -25 vs -35 expected 0 (0)

Latest data released by CBI – 24 November 2020
CBI notes that:
„This month’s survey gives hope that the economic impact of the autumn lockdowns should be as severe as in the spring. Both consumers and firms are adapting as best they can, borne out in this month’s strong online sales.“
That said, just be mindful that this

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