Blogs

Comments in Eurofi Magazine The slow path towards debt mutualization continues in Europe with De Cos call from a mutualization of the single resolution fund (SRF) reinforced by the European Stability Mechanism.

<p>US durable goods orders dropped -14.4% mom in March, to USD 213.2B, worse than expectation of -12.0% mom. Ex-transport orders dropped -0.2%, better than expectation of -6.1%. Excluding defense, new orders decreased 15.8%. Transportation equipment, down two of the last three months, led the decrease, USD 35.6B or 41.0% to USD 51.2B. Full re

<p>EU chief Brexit negotiator Michel Barnier complained that “the United Kingdom cannot impose this very short calendar for negotiations and at the same time not move, not progress on certain subjects that are important for the European Union.” At the same time, “we cannot accept selective progress on a limited set of issues

<p>Germany Ifo Business Climate dropped to 74.3 in April, down from 85.9, missed expectation of 79.8. That’s the lowest level on record, and the steepest monthly decline. Current Assessment index dropped to 79.5, down form 92.9, missed expectation of 81.0. Expectations index dropped to 69.4, down form 79.5, missed expectation of 75.0. M

<p>The currency markets are relatively quiet today, with major pairs bounded inside yesterday’s range. Dollar weakens after poor durable goods orders data, but New Zealand Dollar is even weaker. Euro recovers after yesterday’s selloff, followed by Canadian Dollar ans Swiss Franc. For the week, Aussie is the strongest one, followed

<p>According to the CFTC Commitments of Traders report for the week ended April 21, NET LENGTH for crude oil futures soared +76 511 contracts to 587 180 for the week. Speculative long positions jumped +35 774 contracts while shorts added -40 737 contracts. The WTI contract for May delivery nosedived to negative territory before settling [&hel

<p>As suggested in the CFTC Commitments of Traders report in the week ended April 21, NET LENGTH in USD Index added +259 contracts to 15 616. Speculative long positions gained +989 contracts and short positions added +723 contracts. Concerning European currencies, NET LENGTH in EUR futures rose +601 contracts to 87 218. NET SHORT for [&hellip

<p>U.S. Review Throw Out the Textbook Oil prices went negative for the first time in history on Monday as the evaporation of demand collided with a supply glut. In the past five weeks, 26.5 million people have filed for unemployment insurance, or more than one out of every seven workers. Congress has passed its fourth […]

<p>While GDP tends to draw more attention in normal times, the most relevant economic data next week will be timelier survey readings that better capture the economic damage being done by COVID-19 containment measures. In Canada, a full month of shutdowns should see April’s manufacturing purchasing managers’ index (PMI) building on March’s re

<p>On Tuesday the Reserve Bank Governor Lowe made a major speech where he outlined the Bank’s key economic forecasts. These forecasts are based on the Bank’s central outlook for the policy response to the Covid Crisis whereby domestic shutdowns are gradually eased through the June and September quarters and “mostly removed b