One of the hottest debates raging among central bankers – insofar as central bankers rage, which admittedly is not very much – is over negative interest…
Rates as of 04:00 GMT An astonishing disconnect between economic statistics and the markets – Wall Street closes up 1.7% on the day that the absolute…
Markets are getting very excited at the prospect of countries coming out from under lockdown. Investors are assuming that as countries come out of lockdown, economies…
Rates as of 04:00 GMT Market Recap Risk on, risk off. Risk off, risk on. That’s basically what it comes down to nowadays. Yesterday was “risk…
Rates as of 04:00 GMT Market Recap As usual, if you tell me what the S&P 500 did yesterday, I can predict pretty well not how…
We’ve heard from a number of central banks recently. In fact, we’ve been hearing from central banks almost constantly, in unscheduled meetings as well as scheduled.…
Rates as of 04:00 GMT Market Recap A “risk off” day in New York, with stocks trading lower. Tokyo and Sydney are lower this morning too.…
Rates as of 04:00 GMT Market Recap Commodity currencies once again led the way in a “risk on” market driven by sentiment about the virus. Investors…
Rates as of 04:00 GMT Market Recap It’s “risk on” in Asia this morning despite a slightly lower close on Wall Street yesterday. Most Asian stock…
There’s a discrepancy like I’ve never seen before in the markets nowadays. On the one hand, this is clearly the worst downturn in the economy most…
