The resurgence of “Trump Trade” last week reignited optimism across financial markets, driving US stocks to fresh record highs and propelling Bitcoin past the critical 100k psychological level. Investors appeared largely unfazed by a slew of top-tier US economic data and the solidification of expectations for a 25bps Fed rate cut this month. Instead, the…
Markets US markets are closed for Thanksgiving so the focus turned to Europe instead. Inflation prints were due in Belgium, Spain and Germany ahead of tomorrow’s EMU figure. Spanish CPI flatlined month on month in November but accelerated in yearly terms to 2.4% due to base effects. Core inflation in the country ticked lower, from…
Markets Trump’s pick for the US Treasury Secretary triggered a relief rally in the bond market. Scott Bessent brought a catchy 3-3-3 pitch: reduce the government deficit to 3% of GDP, aim for 3% growth and pump up an additional 3 million barrels a day. He favours tariffs and the tax cuts the president-elect plans…
Markets With few data in Europe or the US, markets continued to be haunted by headlines on the war in Ukraine, even as the impact wasn’t unequivocal across markets. Ukraine reporting that Russia used an Intercontinental Ballistic missile for the first time only added to fears on a further escalation. European equites and yields nosedived….
Markets News agency Reuters reported just before the start of European trading that Russian President Putin would be open to talks on a ceasefire deal in Ukraine with the US. He wants a carve-up of four regions in the south—east of Ukraine that Russia annexed in 2022, but doesn’t fully control. It caused a positive…
Dollar regained its dominance in the currency markets last week, surging ahead despite US Treasury yields struggling to break through resistance levels. Investors continued to adjust their expectations for Fed’s monetary policy, increasingly anticipating a slower pace of interest rate cuts with fewer adjustments in the coming year. This shift in sentiment was also reflected…
In focus today Today will be light on the data front, with the German ZEW indicator for November only. It will be interesting to see if the improvement in expectations recorded in October continued in November. Economic and market news What happened overnight In Sweden, the Public Employment Service (PES) released their latest unemployment statistics…
Significant volatility was seen in the global financial markets last week, driven by the highly anticipated US presidential election. Contrary to expectations of a tight contest, Donald Trump secured a comfortable victory over Kamala Harris, with the Republican Party also achieving a “Red Sweep” by taking control of both the Senate and the House. This…
With the recent Republican victories, one of the most notable economic shifts has been a surge in long-term Treasury yields, signaling potential changes in fiscal and monetary policy. This article The GOP win has rocked Treasury yields! But are we looking at more inflation, or is there a silver lining? 🌤 appeared first on Guerilla…
Dollar, which has dominated currency markets in recent weeks, finally eased back last week. But this retreat does not necessarily indicate a reversal of its upward momentum. Instead, the greenback appears to be taking a breather ahead of the impending US presidential election. Closing as the second strongest performer among major currencies, Dollar still has…