Please find our weekly metals market chartpack covering week 10 of 2014 here.
The latest Euro Rates Update is now available
During the past 10 months the Emerging Market universe has seen at least three distinct sell-off rounds, revealing different degrees of vulnerability – but who is the most vulnerable?
China pressures risk sentiment today. Raised outlooks for the Netherlands and Belgium. Payrolls confirm: tapering is here to stay. LTRO paybacks on the rise again. Light macro calendar, some auctions on the pipeline.
With ECB rather relaxed about EUR, the US payrolls so-so, the only hope for USD now is if bad news from China escalate...
Today’s stronger-than-expected payrolls data are a very positive sign because the details even suggest that the unusually cold weather was an important drag on February’s jobs growth. As a result, the report supports our view that US economic activity indicators more generally will snap back once the weather normalises.