Prior +9.0%New yuan loans ¥3.98 trillion vs ¥3.69 trillion expectedPrior ¥1.13 trillionBroad money growth continues to keep higher as China is ensuring that the economy holding more stable despite deleveraging efforts and its focus shift towards ‚common prosperity‘. New yuan loans surged last month

European indices are pushing forward with gains of around 1.5% on the day while US futures are also gaining further ground on the session so far. S&P 500 futures are now up 0.7%, Nasdaq futures up 0.8%, and Dow futures up 0.6%.
All looks to be well in the equities space after quite a modest showing

I wrote last week about the opportunity in selling USD/RUB on the possibility of no war in Ukraine. The thinking is that RUB is deeply undervalued on war worries and isn’t close to reflecting the price of oil and gas.
With some positive murmurs from Putin and Macron, the market appears to

Stephen Jen,
a former economist at the International Monetary Fund and Morgan Stanley, came
up with a theory that explains how the USD behaves in different circumstances and
called it “The Dollar Smile Theory”.

 

The dollar
smile theory states that the USD tends to strengthen both when the US ec

The November 2019 high of 1.973% is the gatekeeper for 2% US Treasury yields. A slip through that level could set off stops through the figure. I expect a big challenge of that level around Thursday’s US CPI report but it could come sooner.
Today yields rose as high as 1.960% but we’ve seen

Prior 98.9The index slips to an 11-month low (lowest since February last year) amid persistent worker shortages and higher prices for materials. Supply and capacity constraints being the glaring factors leading to those issues. On the price front, the share of small businesses raising average sellin

French president Macron’s words here may be a bit of a trigger but honestly, I don’t see much in that to suggest that there is any material receding in tensions between Russia and Ukraine. Not when the Kremlin already sent out its own message earlier here.
But as mentioned earlier, oil could be faci

European indices have erased opening gains to turn red now on the session, posting slight losses. The Eurostoxx is down 0.1%, the DAX down 0.1%, and CAC 40 down 0.2% currently. Meanwhile, US futures are also retreating with S&P 500 futures down 0.2%, Dow futures down 0.3%, and Nasdaq futures down 0.

The Average
Daily Range is a technical indicator used to measure the volatility of an
asset. It displays how much an instrument can move on average during a given
day. It’s pretty simple to calculate: sum the values of how much an asset moved
from the high to low in a

She will be delivering the introductory statement at the hearing before the Committee on Economic and Monetary Affairs at the European Parliament later today.I reckon she will touch on her latest economic views as well as the central bank’s outlook, perhaps also providing some remarks on policy. All