Dead cat bounce?
- Macro-economy
- March 10, 2021
The 3.7% rebound in the Nasdaq yesterday has all the characteristics of the so-called “dead cat bounce”, a brief moment of respite in a bear market. It was linked to some improvement in the bond market for not very obvious reasons, the US 10-y bond yield easing below 1.55%. But inflation fears should quickly reappear. The House of Representatives should vote the $1.9tn stimulus plan today and it is expected to boost US GDP and global growth this year, as the OECD made it clear in its interim economic outlook released yesterday. Thanks to stronger risk appetite, the EUR/USD exchange rate rebounded above 1.19, but failed to confirm its gains.
Share this news :
You might also read :
Crude prices rallied above 73.5 $/b at the prompt as European diesel cracks rallied in the wake of TTF prices reaching 180 EUR/MWh, which means…
June 25, 2021
Agreement on an infrastructure stimulus plan in the US
The White House has reached a deal with a bi-partisan group of Senators at the Senate on an infrastructure package including $579bn in new spending.…
March 1, 2021
Mixed European gas prices
With unchanged fundamentals, European gas prices were mixed on Friday. On the pipeline supply side, Norwegian flows were up on Friday, averaging 318 mm cm/day,…
Subscribe to our newsletter