Australian Dollar Outlook: AUD Confirms Range Trade
The Australian Dollar had a look lower last week but managed to recover and is now firmly entrenched in the 3-month range despite risks in the macroeconomic environment.
Economic reset of a lifetime? Commodities, bonds point that way
Commodities dropping at a pace akin to the great financial crisis reflects global weakness and deflationary forces.
Bloomberg Intelligence asset allocation quarterly: It’s bonds’ year to drive
As equity markets flounder, bond returns may continue to benefit from a shift in focus to growth from inflation in 2023.
Does sustainable investing have a future in the U.S. market? Part 3
Bloomberg’s Sustainable Indices team takes account of current market sentiment and conditions surrounding sustainable and ESG investing in the U.S. market.
EUR/CHF IG Client Sentiment: Our data shows traders are now at their most net-long EUR/CHF since Mar 15 when EUR/CHF traded near 0.99.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/CHF-bearish contrarian trading bias.
Oil Rebounds on Fading Risk of U.S. Debt Default
May 19 Reuters Oil prices rebounded on Friday from losses of more than 1 the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default. Brent futures rose 69 cents, or 0.9, to 76.55 a barrel by 0923 GMT, while West Texas Intermediate U.S. crude climbed 56 cents, or […]
As US debt-ceiling debate rages, not much in muniland to break
Municipals appear to be at little immediate risk from a US default scenario if politicians fail to reach an agreement to raise the debt ceiling.
Turkeys Net FX Reserves Hit 21Y Low of 2.3B before Vote
ANKARA, May 18 Reuters The Turkish central bank39;s net international reserves dropped some 4.45 billion to a 21year low of 2.33 billion in the week to May 12, as forex demand surged ahead of elections, official data showed on Thursday. The bank39;s total gross reserves plunged 9 billion in the same week to 105.13 billion, […]
ECB Eyes Additional Steps to Tackle Bank Deposit Risks
MILAN, May 19 Reuters The European Central Bank is considering whether requirements tailored for individual lenders could help address the risks arising for those holding large amounts of uninsured deposits, a document showed. A working paper prepared by ECB supervisors for this week39;s meeting of euro zone finance ministers said recent banking failures showed increased […]
German Producer Prices Post Smallest Increase in Two Years
BERLIN, May 19 Reuters German producer prices posted their slowest annual increase in two years in April, according to data released on Friday, in a tentative sign that inflation may ease further in Europe39;s largest economy. Producer prices of industrial products were up 4.1 in April on the same month last year following a 6.7 […]