Ever higher

Macro-economy
February 16, 2021

Global stocks continue to rise and so do commodity prices and bond yields, while the Bitcoin is nearing $50000. Risky assets are pushed higher by a mix of confidence in the future economic recovery and speculation in a context of over-abundant liquidity. The reopening of US financial markets will test this optimism today. The EUR/USD is almost stable near 1.2130-40.

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Ever higher

You might also read :

Did Powell really reassure the markets? It is doubtful

Saudis hike their OSP capture the Asian refining profit margin

The Fed Minutes Thunderclap

Simplifying energy markets