ECB Research: PEPP’in It Up
We expect the ECB to expand the PEPP envelope by EUR500bn into June 2021 at next week’s meeting. We do not expect new asset classes to be added at this stage. We also expect an extension of the EUR20bn/month ‘normal’...
Gold Rebounds Ahead Of key US Data
The precious metal has been trading side-ways over the past several weeks, with investors choosing to focus more on the racier equity markets. So, the safe-haven precious metal has been unable to build on its impressive rally in March. But...
Have Stocks ‘Gotten Over’ the Virus?
There’s been a lot of talk for a powerful V-shaped recovery, but that has only happened in the stock market, which is ignoring the rising economic and geopolitical risks and is instead plowing higher, powered by a tsunami of stimulus....
US Futures Still on the Upside, Watch AMZN, BA, REGN, DIS, DPZ, KEYS
The S&P 500 futures remain well directed as they are boosted by the potential development of a coronavirus vaccine and further easing of lockdown measures in the U.S. and around the world. Biotechnology firm Novavax said on Monday it has...
Asia Morning: Dow Adds 2% On Continued Reopening Optimism
On Tuesday U.S. stocks were mostly higher, boosted by the potential development of a coronavirus vaccine and further easing of lockdown measures in the U.S. and around the world. Biotechnology firm Novavax (NVAX +4.47%) said on Monday it has started...
Lots of Good News, 2009 All Over Again, Oil Market Nears Balance, Gold Drops
Traders are returning from a holiday weekend with no shortages of headlines. The good headlines focus on further progress in the race for a coronavirus vaccine and the reopening of the global economy. The bad ones focus on the new...
Equities Up, Dollar Down On Improved Risk Appetite
Asian equities gained as investors shrugged off worries regarding the escalating US-China tensions and raised their hopes on a potential Covid vaccine proposed by the American biotech company Novavax, which has just started human tests. The Nikkei and ASX 200...
German May IFO Reading Sees Light At The End Of The Tunnel
Notes/Observations Quiet price action with UK closed for banking holiday, US closed for Memorial Day holiday German May IFO Survey less pessimistic and sees light at the end of the tunnel as lockdown measures ease German Q1 GDP reading confirmed...
Weaker Yuan Is A Clue From China To The US
The trading session on Monday set to be at reduced volumes as the US and UK exchanges are closed for Memorial Day. Against this background, the dynamics of the currency market may be more revealing, and there is a reason...
Week Ahead: Tensions Heating Up as Summer Approaches
China and the US appear to be on a collision course as tensions escalate. In what originally began as a “blame game” over the coronavirus, is now turning into an economic and political escalation. China has decided to cut back...
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