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-power
December 17, 2021

And now the French nuclear crisis

The European energy crunch entered a new phase on Thursday with an extreme spike in French power prices mirroring similar moves observed in Japan or Texas…
ES-oil
December 9, 2021

Atlantic reshuffle?

ICE Brent front-month contract trades now above 76 $/b, combined with an unusual worsening backwardation, below 30 cents at the prompt. The recovery in equity…
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]