Japan ready for recovery… after another recession

The Bank of Japan’s Tankan points to activity rebound, but it should remain dependent on global recovery and what comes first is a new recession. Asian equity markets were down overnight on worries linked to the spread of the Delta variant. European markets followed the same trend yesterday, but US stocks were more resilient, with only tech shares posting losses. Bond yields have continued adjusting downwards ahead of the key ISM and job reports today and tomorrow. The USD keeps on strengthening, the EUR/USD exchange rate now trading below 1.1850, its lowest level since early April.

Japan GPD and Tankan
Share this news :

You might also read :

ES-gas
February 17, 2021

European prices rebounded

Prices rebounded yesterday in most European gas markets, supported mainly by the sharp drop in Norwegian flows (304 mm cm/day on average, compared to 338…
ES-gas
May 20, 2021

European prices crashed yesterday

European gas prices crashed yesterday, both on the spot and the curve, extending their previous session’s sharp losses. The market ignored the drop in Norwegian…
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]