Tag Archives: Eurozone
IMF Lagarde: Markets ‘Perhaps Too Upbeat’ On Europe Economy
International Monetary Fund Managing Director Christine Lagarde said Friday that markets were “perhaps too upbeat” about the European economy and
The Global Macro Pulse
G10 FX rates are little changed from New York levels. The RBA minutes generated no meaningful movement in AUDUSD,
The Global Macro Pulse
The dollar is little changed against the major currencies. AUDUSD pushed back up to 0.9398, close to its Friday highs while EURUSD and
The Global Macro Pulse
The IDR was the big mover in Asia trading. USDIDR gapped lower on the open to 11513 before paring its gain to 11560,
Euro area inflation – Steady as she goes
Euro area inflation remained on a low level in June, just as we expected. Flash headline inflation printed at 0.5% y/y in line
Germany: Ifo highlights manufacturers’ cautious outlook
German manufacturers scaled down their expectations for future growth and thereby sent Ifo expectations lower. Domestic sectors like retail and construction are still going strong.
The Global Macro Pulse
G10 currencies traded in tight ranges in Asia. AUDUSD is a touch lower at0.9424, EURUSD rose to 1.3596, having traded briefly over 1.36, and
The Global Macro Pulse
The Nikkei fell 0.7% while S&P futures are off just under 0.4% and the US 10yr Treasury yield is down a bit over 1bp to 2.584%, close to its New York lows.
FX Daily
Today’s ECB meeting will be the main attraction. We expect the ECB to deliver anaggressive easing move by cutting the refi and deposit rates, taking the latter intonegative territory.
ECB has the potential to surprise
Market movers ahead • Lower inflation in the euro area has also strengthened our expectations that the ECB will deliver an aggressive easing move at Thursday’s meeting.
FX: price matters
Inflation is this week’s theme: May HICP and ECB’s revisions are key for EUR. The Market is sceptical about higher Fed funds rate projections, but a pickup in wage growth would cause repricing…
European Elections: Anti-EU Parties Make Significant Gains
Anti European Union parties on both the right and left appeared to be making significant gains in Europe’s parliamentary elections,