Next week’s US economic calendar starts like but ends with some sizzle. The most important thing to note is that it’s the end of the month and the quarter. We’ve seen some huge moves in bonds and that will spark some associated flows. It’s also fiscal year end in Japan.
Here’s what’s comin

Germany is less dependent on Russian gas than others, some nearly 100%The process of becoming independent from Russian gas is not reversibleIt would be something if Russia turned off the taps; then it certainly would be a quick transition.

Headlines:USD/JPY retreats from over six-year highsChina’s third largest developer unable to make two bond payments amid liquidity pressureEU’s von der Leyen: Under the deal, US LNG will replace that of Russia’sGermany March Ifo business climate index 90.8 vs 94.2 expectedGermany says hopes to halve

There isn’t much going on in the session as risk tones are also seen fluctuating a little in European morning trade.Equities were little changed earlier but are now keeping fairly more positive, with European indices up around 0.4% to 0.5% while US futures are up by 0.2% on the day. The changes are

The firm says that it is unable to make payments on two bonds due early April due to liquidity pressure and that it is discussing repayment extension with creditors soon. The full release can be found here.The domino effect continues ever since the Evergrande saga and this will continue to keep pres

Biden and von der Leyen are both speaking at the moment to formalise the announcement.The deal will see US provide an additional 15 bcm of LNG to allow for Europe to quickly curb its reliance on Russian fossil fuels. von der Leyen adds that Europe will work towards ensuring stable demand for additio

Increased
inquiry for BTC

 

Yesterday,
the first cryptocurrency was in demand during the Asian and American sessions. The
current values of BTC are consolidating in the area of 2-month extremes. In
contrast to the previous test of these lev

Headlines:The bond selloff resumesUK March flash services PMI 61.0 vs 58.0 expectedEurozone March flash services PMI 54.8 vs 54.2 expectedGermany March flash manufacturing PMI 57.6 vs 55.8 expectedFrance March flash services PMI 57.4 vs 55.0 expectedSNB leaves policy rate unchanged at -0.75%, as exp

Well, not that it means anything. But this is still all part of the show as both sides are just waiting for some kind of formal development or concession. The latter is unlikely to materialise so that is where we are at, pretty much a stalemate of sorts.To be fair, the wording in the headline is mea

Prior 14Retail sales growth is seen slowing down as inflation starts to bite, with CBI noting that retail sales is seen as poor for the time of the year at -23% in March as compared to the +16% in February. The details of the report underscore that the cost-of-living crisis is looming large across t