WTI Outlook: Oil Extends Steep Fall on Growing Demand Concerns

Markets Above-consensus April inflation figures in the UK triggered an obvious underperformance of gilts, resulting in yield gains between 7.2 (30-yr) and 14.2 bps (2-yr). A June rate cut by the BoE is just short of fully priced out. Steep gilt losses dragged core peers lower as well. German yields gapped higher at the open […]

Last night, the Federal Reserve’s decision regarding interest rates was published, which, as expected, remained unchanged at 5.5%. The subsequent press conference by Powell was of particular interest to market participants. According to CNBC, during the conference, the Fed Chair almost ruled out a rate hike as the next step, emphasizing the monetary policy’s independence […]

Euro loses ground as European Central Bank signals rate cuts But only against US dollar – holds strong against pound and yen Eurozone GDP and inflation stats on Tuesday will decide what’s next Imminent rate cuts bruise euro It’s been a difficult year for the euro, which has already declined 3% against the dollar as […]