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Markets The US of A is in decay. The improvised hawkish trade policy which will likely end in a US recession puts US assets for sale. China doesn’t back down. They raised tariffs on all US goods from 84% to 125%, still below the US level (145%) but starting tomorrow. The Chinese government vowed to […]

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Weekly Focus – Trade War Lingers on as 90-Day Halt Offers Limited Relief

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U.S.-China Trade Tensions Enter a New Phase

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23/05/2024

May PMIs are Today’s Main Event

In focus today In the euro area, focus turns to the May PMIs. The economy has started the year on a strong footing with composite PMI above 50 in the past two months. We expect that the service PMIs will remain around the 53 level while the manufacturing sector should rebound slightly to 46, still […]
31/10/2024

All Eyes on Euro Area Inflation Today

In focus today In the euro area, HICP inflation data for October is released. With inflation data out from Spain, Germany, and Belgium, we track euro area HICP at 2.0% y/y today, above consensus expectations (cons: 1.9%) driven by broadly higher inflation also in core inflation, which we see unchanged at 2.7% y/y (cons: 2.6%). […]
11/06/2024

Crypto Nosedive

Market Picture The cryptocurrency market spent Monday in a very narrow range but started Tuesday with a violent sell-off, losing over 2.8% in 24 hours to $2.47 trillion. Bitcoin is retreating at the same pace as the market as a whole, while Ethereum is down 3.5%. Top altcoins are losing between 2% (Cardano) and 6.6% […]