Big fiscal boost, tame inflation: everything is perfect so far

Macro-economy
March 11, 2021

As expected, the House passed the stimulus bill yesterday. First checks will be sent as soon as this month the Treasury promised. In parallel, the bond market was reassured by lower-than-expected core inflation figures and a quiet 10-year Treasury bond auction. The US 10-y bond yield eased slightly further and the stock market posted some gains, except the Nasdaq that was marginally down. The USD lost some ground, the EUR/USD coming back above 1.19. The ECB meeting will be the main event today.

Share this news :

You might also read :

January 18, 2021

The Chinese economy accelerated in Q4, but signs of weakness appeared in December

China’s GDP ended 2020 stronger than expected with a 6.5% yoy GDP growth. Yet, retail sales slowed down unexpectedly, even before the country faced the…

June 22, 2021

TTF trades above €30/MWh, JKM above $12/MMBTU

TTF ICE month-ahead prices traded as high as €30.24/MWh on Monday, breaching the €30/MWh mark for the first time since 2008. At the spot level, prices…

August 27, 2021

Curve prices maintain their uptrend

European spot gas prices were mixed again yesterday, unable to find a strong driver. Prices on the curve were more clearly up, more sensitive to…

Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Big fiscal boost, tame inflation: everything is perfect so far

You might also read :

The Chinese economy accelerated in Q4, but signs of weakness appeared in December

TTF trades above €30/MWh, JKM above $12/MMBTU

Curve prices maintain their uptrend

Simplifying energy markets