News & Analytic Centre

Oil Prices Hit by Wave of Hedge Fund ProfitTaking Kemp

Fund managers sold petroleum last week at the fastest rate since successful coronavirus vaccines were announced in November, as a resurgence of infections and a loss of upward price momentum triggered profittaking. Hedge funds and other money managers sold the equivalent of 88 million barrels of petroleum futures and options in the week to March […]
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Spains 2020 Budget Deficit Rises just above 10 of GDP

Spains budget deficit spiked to eightyear highs last year after social spending increased and tax revenue plunged due to restrictions imposed to tame the COVID19 pandemic, but the gap ended below the governments forecast. Budget Minister Maria Jesus Montero told a news conference on Monday the deficit widened to the equivalent of 10.09 of gross […]
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Euro Zone Bond Yields Hold Firm as COVID19 Cases Rise

LONDON, March 29 Reuters Euro zone government bond yields steadied in early Monday trading while the German debt took a breather after notching up its best weekly performance in 312 months as rising COVID19 cases sent investors scurrying back to safehaven assets. Core euro zone bond yields have fallen in recent weeks as a resurgence […]
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Euro Set for Biggest Drop Since Mid2019; Yen Shorts Grow

The euro languished below 1.18 on Monday as the prospect of tougher coronavirus curbs in France and Germany weighed on the shortterm outlook for the European economy. The euro slipped 0.2 in London trading at 1.1774, nearing last weeks fourandahalfmonth trough of 1.1762. On a monthly basis, it is down 2.3, its biggest drop since […]
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AUD, NZD Extend Losses as U.S. Recovery Supports Greenback

SYDNEY, March 29 Reuters The Australian and New Zealand dollars extended last weeks losses on Monday as the strength of the U.S. economic recovery and the relative success of its vaccination programme lured traders to the greenback. The Australian dollar dropped 0.27 to 0.7621 after authorities on Monday announced a snap threeday COVID19 lockdown in […]
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