In FX, narrow ranges are prevailing with the dollar keeping more mixed so far. EUR/USD is holding at 1.0580 but keeping within a 15 pips range to start the day. The only notable movement...
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Little on the agenda coming up in Europe today
Markets are looking pensive to start the day, with light changes overall. The early optimism in equities to start the new week was quickly dashed and that is keeping a more cautious undertone as...
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ECB reportedly to bring back 'sterilisation’ in fight against fragmentation
The ECB is reportedly considering a new bond-buying scheme to cap yields/spreads in the battle against fragmentation, according to Reuters sources. And in order to go ahead with that and avoid a contradictory move...
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Germany July GfK consumer confidence -27.4 vs -27.6 expected
Prior -26.0; revised to -26.2 German consumer sentiment plunges to a new record low as surging inflation pressures continue to take a toll on households. GfK notes that: „The ongoing war in Ukraine and...
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Eurostoxx futures flat in early European trading
German DAX futures -0.1% UK FTSE futures +0.1% European futures are now little changed as US futures are picking up a little as we look to get the session underway. S&P 500 futures are...
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Risk appetite in a better spot to start the session
Market tones are looking calmer again as we get into European morning trade, with stock futures pulling higher to start the session. S&P 500 futures are up 17 points or 0.4% and the better...
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Heads up: ECB speakers coming up later today
0800 GMT – ECB president Lagarde delivers introductory speech0830 GMT – ECB chief economist Lane chairs panel discussions*1100 GMT – ECB executive board member Panetta chairs discussion on digital currencies , digital euro *first session will...
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European equities open higher to start the day
Eurostoxx +0.6% Germany DAX +0.6% France CAC 40 +0.9% UK FTSE +0.9% Spain IBEX +0.7% Those are modest gains for European indices as they come alongside a better mood in US futures too. S&P...
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USD/JPY tracks higher on better risk appetite
As the risk mood improves on the day, we are seeing USD/JPY start to track higher again with the pair now touching 135.75. After some pushing and pulling around 135.00 in the past few...
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ECB’s Kazaks: 25 bps in July, 50 bps in September is the base case
Though it may be worth looking at 50 bps rate hike in July It may be reasonable to frontload rate hikes The more hawkish members will try and push for 50 bps in July...
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