Central banks are starting to move

There is a BoE meeting today. While some expect some changes in its QE policy, the consensus remains on stability. One after the other, Fed members are also starting to talk about a decrease in asset purchases. While that may mean that rate hikes may come sooner than expected, this also lowers the long-term inflation risk, which likely explain the fall in bond yields. But the equity market does not like that, as it needs a permanent positive news flow to justify extreme valuation. The EUR/USD keeps testing 1.20, but remains rather stable overall. Full economic agenda today.

german-industrial-recovery
Share this news :

You might also read :

ES-oil
September 2, 2021

OPEC+ does not deviate from its path

Yesterday’s OPEC meeting was uneventful, as the group briefly met, to extend the current production policy of a 400 kb/d group-wide production increase in October.…
ES-oil
May 10, 2022

Oil drops on global sell-off

Oil benchmarks slumped yesterday: ICE Brent front month lost -5.7% and ended the day at $105.94/b and NYMEX WTI front month closed -6.1% lower at…
ES-economy
April 22, 2021

Just a warning shot for now

Equity markets rebounded yesterday, but bond yields fell to a new five-week low, which tends to suggest this is a fragile reprieve, mainly bases on…
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]