Markets The waiting game continues today in anticipation of PMI business surveys tomorrow and especially Fed Chair Powell’s speech in Jackson Hole on Friday. Core bonds are marginally better bid with daily changes on the US and EMU yield curve limited to -2 bps. Yesterday’s equity market rotation (out of US tech into European (laggards)) […]
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EUR/USD is consolidating near 1.1532 on Wednesday, with markets adopting a wait-and-see stance ahead of the Federal Reserve’s decision. The Fed is widely expected to keep rates unchanged. Investor attention will focus on Jerome Powell’s Read more…
Switzerland’s economic outlook has been revised slightly lower as the fallout from the Middle East conflict continues to ripple through global markets. The Federal Government Expert Group on Business Cycles now expects GDP growth of Read more…
The market is fixated on the threat of accelerating inflation driven by high energy prices. As a result, central banks are expected to adopt a tighter monetary policy, keeping rates at high levels or even Read more…