Euro

GLOBAL & REGIONAL DAILY (Friday 19 February, 2021)

GLOBAL & REGIONAL DAILY (Friday 19 February, 2021)

February 19 2021

Global Markets

USTs and German Bunds resumed their downtrend, while the recent rally in risk assets appears to lose some momentum. In FX markets, the EUR/USD gained some ground favored by poor US data y-day. Focus today is on preliminary PMIs for February from the EA and the US. 

Greece

The first five rounds of the advance repayment scheme – one of the measures to support pandemic-hit enterprises – reached €6.8bn, which were...

https://allaboutshipping.co.uk/2021/02/19/global-regional-daily-friday-19-february-2021/

GLOBAL & REGIONAL DAILY (Monday 8 February, 2021)

GLOBAL & REGIONAL DAILY (Monday 8 February, 2021)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

February 8 2021

Global Markets

Risk-on sentiment remained intact, amid increased optimism for additional US fiscal stimulus. Against this background, oil prices remained in an upward trend, with Brent crude moving above $60/bbl for the first time in a year. In FX markets, the EUR/USD firmed, moving back close to 1.2050, thanks to a lower than expected increase of 49k in US January non-farm payrolls.

Greece

The...

https://allaboutshipping.co.uk/2021/02/08/global-regional-daily-monday-8-february-2021/

Europe must do more to strengthen euro, Financial stability outlook 2021

Europe must do more to strengthen euro, Financial stability outlook 2021

LONDON, ENGLAND – NOVEMBER 26: In this photo illustration Dollar and Euro notes are displayed, on November 26, 2010 in London, England. Concerns over the Euro zone debts have caused shares to retreat today by 1.3 percent, as speculation continues over other countries seeking financial help. According to reports, a 85 billion euro (112.7 billion USD) rescue package from the EU and International Monetary Fund (IMF) will be...

https://allaboutshipping.co.uk/2021/02/03/europe-must-do-more-to-strengthen-euro-financial-stability-outlook-2021/

Outlook 2021: Sovereign debt can boost euro’s reserve currency status, Remote working and Covid-19

Outlook 2021: Sovereign debt can boost euro’s reserve currency status, Remote working and Covid-19

Wednesday 27 January 2021 – Vol.12 Ed.4.3

Outlook 2021: Sovereign debt can boost euro

By Frank Scheidig in Frankfurt

The dollar’s position as the world’s dominant currency is being challenged once again. The euro began its life as a reserve currency in 1999 claiming about 18% of global reserves before peaking at 28% during the 2008 financial crisis. It surrendered its gains from the dollar to other...

https://allaboutshipping.co.uk/2021/01/27/outlook-2021-sovereign-debt-can-boost-euros-reserve-currency-status-remote-working-and-covid-19/

GLOBAL & REGIONAL DAILY (Monday 18 January, 2021)

GLOBAL & REGIONAL DAILY (Monday 18 January, 2021)

..

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

January 18 2021

Global Markets

Favored by its safe-haven appeal, the USD firmed, pushing the EUR/USD to a near six-week low of 1.2063 earlier today following an unexpected drop in US retail sales for December and market concerns about the extent to which the $1.9bn stimulus package proposed by incoming US President Joe Biden will make it through Congress. US markets are closed today for Martin Luther King Jr. Day.

G...

https://allaboutshipping.co.uk/2021/01/18/global-regional-daily-monday-18-january-2021/

GLOBAL & REGIONAL DAILY (Tuesday 29 September, 2020)

GLOBAL & REGIONAL DAILY (Tuesday 29 September, 2020)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

September 29  2020

Global Markets

Risk-on sentiment prevailed earlier today amid hopes that Democrats and Republicans could agree on further fiscal stimulus. Meanwhile, the USD weakened on improved risk sentiment, while investors await the first presidential debate in the early hours of tomorrow (3:00 CET).

Greece

According to the Independent Authority for Public Revenue, property tax (ENFIA) expected revenue...

https://www.allaboutshipping.co.uk/2020/09/29/global-regional-daily-tuesday-29-september-2020/

GLOBAL & REGIONAL DAILY (Wednesday 9 September, 2020)

GLOBAL & REGIONAL DAILY (Wednesday 9 September, 2020)

September 9  2020

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

Global Markets

The continued downtrend in US technology shares remains in the driver’s seat for the majority of global equity markets. The return of risk aversion favored both USTs and German Bunds and helped the USD regain its safe-haven appeal, pushing the EUR/USD below 1.18.  Elsewhere, oil prices extended recent losses, with Brent crude falling below $40/bbl for the first time since late...

https://www.allaboutshipping.co.uk/2020/09/09/global-regional-daily-wednesday-9-september-2020/

Digital currency and the new cold war, The end of independent central banks

Digital currency and the new cold war, The end of independent central banks

Tuesday 8 September 2020   –   Vol.11 Ed.37.2

Commentary: Digital currency and the new cold war

By David Birch in London

Just as the US Treasury was mailing out physical stimulus cheques, the People’s Bank of China began its beta testing of a national digital currency in four cities. Future economists will look back on these counterpoints as the start of the digital currency era. The contrast brings into focus the ‘new...

https://www.allaboutshipping.co.uk/2020/09/08/digital-currency-and-the-new-cold-war-the-end-of-independent-central-banks/

GLOBAL & REGIONAL DAILY (Monday 7 September, 2020)

GLOBAL & REGIONAL DAILY (Monday 7 September, 2020)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

September 7 2020

Global Markets

In FX markets, the EUR/USD rebounded from Friday’s post-US payrolls lows, while the GBP/USD weakened on market anxiety ahead of the new round of EU/UK Brexit talks. Meanwhile, oil prices extended recent losses following Saudi Arabia’s sharp price cuts for oil sales to Asia. Focus this week is on the ECB monetary policy meeting on Thursday.

Greece

According to data available to the...

https://www.allaboutshipping.co.uk/2020/09/07/global-regional-daily-monday-7-september-2020/

GLOBAL & REGIONAL DAILY (Friday 4 September, 2020)

GLOBAL & REGIONAL DAILY (Friday 4 September, 2020)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

September 4 2020

Global Markets

Risk sentiment deteriorated sharply, with Asian bourses experiencing today their worst session in two weeks. USTs and German Bunds retained most of yesterday’s gains, while in FX markets, the EUR/USD regained some ground, ahead of today’s US non-farm payrolls report for August.

Greece

According to the quarterly national accounts released by ELSTAT, the real GDP growth rate contracted...

https://www.allaboutshipping.co.uk/2020/09/04/global-regional-daily-friday-4-september-2020/

+ More