IMF expects EMEs to grow 4.5% this year, 4.8% next:
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Daily blog
The dollar traded up to an intra-day high of around $1.1680 against the euro yesterday but reversed course after the release of the minutes of the Fed’s July meeting, shedding around a cent to just below $1.18 The Fed minutes noted that the recent decline in inflation in the US is likely to prove transitory and that it should move back up […]
Daily blog
The dollar remains on the front foot generally, helped by stronger than expected US retail sales data published yesterday. The US currency strengthened to under $1.17 against the euro for a time before ceding a little ground, and also rose against sterling and the yen. Sterling was little changed against the euro, trading at over 91p US bond yields edged higher again with […]
Daily blog
There was some respite for equity markets yesterday, following last week’s losses, with European and US indices gaining around 1% on average. Bond yields in the core markets also reversed course, with 10-year yields rising modestly on the day (and they are higher again this morning) There was a firmer tone to the dollar, which is […]
Daily blog
Increased tensions between the US and North Korea dominated markets last week, with equities falling (European stocks were off 3% while US indices were down 1.5%), core bonds benefiting from a flight to quality (10-year yields were between 8-10bps lower), and the so-called ‘safe haven’ currencies (Swiss franc, Japanese yen) strengthening The euro was also generally on the front foot. It […]
