Fed: the cacophony continues

  • Macro-economy

Limited market moves again yesterday, as Fed members continued to send mixed signals on monetary policy. Preliminary PMIs confirmed the strength of activity growth but also raising tensions on production costs. The economic agenda is full today with in addition, a Bank of England meeting and many Fed speakers again. The EUR/USD exchange rate remains rather stable around 1.19.

manufacturing pmi: input prices
Share this news :

You might also read :

ES-gas
May 28, 2021

Sharp drop in European prices

European gas prices dropped significantly yesterday, pressured by lower residential demand due to higher temperatures and higher Norwegian supply. Indeed, Norwegian flows recovered yesterday, averaging…
ES-gas
May 25, 2021

Mixed European prices

European gas prices were mixed yesterday: rather bearish on the spot on the back of the increase in pipeline supply and the drop in Asia…
ES-oil
May 7, 2021

OPEC+ compliance remains poor

ICE Brent prompt contract eased to 68.5 $/b. An OPEC+ internal document showed poor compliance in March, as the cumulative overproduction reached 3.3 mb/d. The…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]