The European Central Bank (ECB) rose its three policy rates by 50bp at yesterday’s monetary policy meeting, versus 25bp expected by analysts. One of the major highlights of yesterday’s ECB decision was the anti-fragmentation tool, TPI, transmission protection instrument. The name is fancy but what it could do to help the ECB is unsure for now, as t ... Show More
Feb 2023
Bard’s gaffe costs Google more than $100bn!
US equities fell yesterday on the back of two important factors: hawkish comments from the Federal Reserve (Fed) members, and the unexpected surge in the American used car prices. The S&P500 fell more than 1%, while Nasdaq slid around 1.80%.
Inside Nasdaq, Google had a particular ... Show More
10m 46s
Jun 2023
Fed sounds hawkish but traders don’t buy it, ECB next
Send us Fan MailFed holds rates steady but signals 2 more rate hikes this year. Yet markets were not convinced, dollar weakens, stocks jump. ECB decision in focus today, BoJ will follow early on Friday.Risk Warning: Our services involve a significant risk and can result in the lo ... Show More
4m 9s
Jun 2023
Dollar falls on soft data, euro rallies after ECB
Send us Fan MailInvestors defy Fed, expecting rates to peak soon. ECB appears hawkish, lifts the euro. BoJ maintains loose policy, hurts the yen. Wall Street rallies on hopes Fed hiking cycle is ending.Risk Warning: Our services involve a significant risk and can result in the lo ... Show More
4m 40s
Dec 2024
Two rate cuts – different sizes
<p>Europe was the main focus yesterday with rate cuts from both the European Central Bank and the Swiss National Bank. The ECB mulled a 50 basis point cut but delivered 25 bps. The SNB, however, led by its new chief Martin Schlegel, surprised markets, announcing a half a percenta ... Show More
13m 44s