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

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.

us-inflation-on-a-rise
Share this news :

You might also read :

ES-gas
May 12, 2021

TTF year-ahead prices breach the €22/MWh level

Prospects of below-average temperatures in the coming two weeks, a tight supply picture and soaring coal and EUA prices pushed European gas prices further high on Tuesday. The coal API…
ES-oil
July 30, 2021

Weak INE crude expiry in China

Crude oil prices in Europe and the US continued to climb, to reach 76 $/b for the ICE Brent September contract. On the opposite of…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]