Reassessment of global recovery prospects

Bad news in Continental Europe has triggered a broad reassessment of the global Covid situation and it is not good with both new cases and deaths on the rise (see the Graph of the Day). Successful vaccination campaigns in the US, the UK and Israel cannot hide the fact that a new wave is spreading and will further delay the comeback to normal. US bond yields are down (prices up) and the USD is stronger which reflects return to caution on financial markets. The EUR/USD fell to a new 2021 low, below 1.1850.

Share this news :

You might also read :

December 9, 2021

Financial markets regain some composure

Governments¬†continue to take measures both to limit the spread of the variant Delta, which is putting real pressure on hospital occupancy, and to prevent the…
June 29, 2021

European gas prices take a breather

Prospects of more comfortable supply with the return of some Norwegian production capacity and French regas capacity this week kept a lid on European gas…
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?¬†