Many analysts had feared the resurgence of COVID-19 cases in early 2021 may not have been enough to boost sales beyond its record fourth quarter.

When calculating the value of exotic options, a researcher will typically select a model and undertake a calibration process, working with the model’s parameters to fit the volatility surface closely.

Powells speech yesterday and the FOMCs official postmeeting commentary suppressed speculations of early QE tapering and rate hikes. The Fed chairman focused on fragile economic recovery and reiterated the transitional nature of rising inflation based on a low base effect. The US dollar returned to moderate weakness on these statements. EURUSD went back above 1.21, […]

LONDON, April 29 Reuters Switzerlands central bank is planning its first digital currency test with another country, one of its governing board members said on Thursday. Dozens of central banks around the world are looking to launch digital currencies in the coming years, but it will be vital that they can be exchanged and used […]

LONDON, April 29 Reuters The pound edged up slightly against the euro on Thursday but was broadly flat against the dollar, having been temporarily boosted overnight after the Feds dovish outlook prompted a weaker dollar. Sterling hit a nineday high of 1.3979 in Asian trading after the U.S. Federal Reserve said it was too early […]

The preliminary estimate indicated an annualised growth rate of 6.4 for the US economy in the previous quarter. These figures marked an acceleration from the last quarter 4.3 but a bit worse than the average expectation of 6.8. With the latest increase, GDP was 0.4 higher than a year earlier, which means that economy has […]

LONDON, April 29 Reuters Euro zone government bond yields were anchored below twomonth highs on Thursday after policymakers in the United States suggested they would keep the stimulus taps flowing for now even in the face of a growing economy and rising inflation. The possibility of a tapering of bond purchases from the worlds most […]

Rates as of 0500 GMT Market Recap A day with big events planned resulted in only small moves in the US stock and bond markets as the meeting of the Feds ratesetting Federal Open Market Committee FOMC went pretty much as expected. The Fed upgraded its view of the economy in the statement following the […]

LONDON, April 28 Reuters The rand has emerged as an unlikely winner among emerging market currencies since the COVID19 pandemic swept the globe, despite South Africas high levels of debt and unemployment. U.S. sanctions have rumbled Russian bond markets, Turkish assets have been hit by monetary policy concerns and other big developing countries such as […]

April 29 Reuters European stocks edged back towards recordhighs on Thursday after a slew of upbeat earnings reports and the U.S. Federal Reserves pledge to stick to loose monetary policy. The panEuropean STOXX 600 index rose 0.5 to 442 points, marginally below its record peak of 443.61. Consumer goods giant Unilever rose 2.7 as a […]