Dead cat bounce?

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.

oecd-interim-economic-outlook-projections
Share this news :

You might also read :

ES-gas
May 19, 2021

Sharp drop in European prices

European gas prices dropped significantly yesterday, both on the spot and the curve. With spot fundamentals almost unchanged, the bearish movement seems to have been…
ES-power
November 23, 2021

EUAs finally climbed above 70€/t

The forecasts of lower temperatures supported the power spot prices in northwestern Europe yesterday which climbed to 249.81€/MWh on average in Germany, France, Belgium and…
ES-economy
May 4, 2021

Strong manufacturing recovery

Purchasing managers’ indices continue to be close or at historical highs in the manufacturing industry, pointing to strong growth in this sector. The small decline…
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]