The market in search of certainty
Bond yields have rebounded, equities as well and the USD has lost some ground, the EUR/USD exchange rate returning above 1.19… before falling back below…
US economic reports may be too good for markets as they both tend to fuel inflationary fears and lower the need for a big stimulus package. The positive trend in the stock market has started to reverse. Asian markets also suffered from confirmation of the tough stance of the Biden administration vis-à-vis China. The Italian bond spread is narrowing on prospects of a Draghi government, but nothing is done. The euro keeps on weakening against the USD nevertheless, as the market seems catching up with the widening spread between the US and German bond yields.
Get more analysis and data with our Premium subscription
Ask for a free trial here
We will get back in touch with you soon.
Don’t forget to follow us on twitter!
Don’t have an account yet?