EnergyScan

The reflation trade takes a break

At least the movements on the financial markets were consistent yesterday. Equity markets were down and even sharply down in Europe. In parallel, after an initial increase nevertheless, bond yields registered a marked fall, the US 10y touching a 5-week low (price at a 5-week high). In a context dominated by risk aversion, the USD regained some ground: after having touched 1.2080, the EUR/USD exchange rate fell back towards 1.2030. The empty economic agenda puts the focus on the deterioration in Covid data, especially in India. Japan is adopting emergency measures for the umpteenth time in the main cities as well. The situation in Europe has started to improve very gradually, which will not allow a quick reopening of the economy.

 
the-reflation-trade-takes-a-break
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-oil
January 11, 2021

Risk on Chinese demand

Brent prompt contract reached 56 $/b on Friday close for Brent prompt contract thanks to the aggressive Saudi production cut announced last Tuesday. Prices retreated…
ES-power
June 22, 2022

Second attempt for the Parliament

The European power spot prices were mixed yesterday, lifted in Germany and France by the higher fuel and carbon prices but down in Belgium and…
ES-economy
April 26, 2022

China entangled in the management of the pandemic

The People Bank of China promises to support the Chinese economy through a variety of measures, including easing credit conditions for small businesses, lowering the reserve ratio for…
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?  Sign up here!

[booked-calendar]