14-18 March 2022, Vol.13 Ed.11
Most-read Commentary
How the ECB can improve its communications: As the European Central Bank approaches its first significant monetary tightening since 2011, President Christine Lagarde faces a threat of cacophony among the voices making up the 25-member governing council. This endangers the cohesion and the credibility of the central bank as it confronts the economic and political...
GLOBAL & REGIONAL DAILY (Monday, March 14, 2022)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
March 14 2022
Global Markets
Glimmers of hope on some progress in Russia-Ukraine peace talks boost risk-on sentiment and oil loses some of its gains, while the more hawkish than expected ECB policy stance gives rise to higher sovereign bond yields. Focus this week turns to the FOMC meeting on Wednesday and Thursday.
Greece
According to ELSTAT provisional data on commercial transactions, the deficit of the trade balance...
https://allaboutshipping.co.uk/2022/03/14/global-regional-daily-monday-march-14-2022/
Clear communication key as Berlin wrangles with economic direction
Thursday 17 February 2022 – Vol.13 Ed.7.4
Commentary: Competing Berlin economic players stretch Scholz’s big tent
By David Marsh and Mark Sobel
The three-party German coalition is a big tent. Behind the scenes, the economic policy tent has been getting more disorderly. The good news is that Berlin is replete with vibrant policy-makers intent on resolving Germany’s and Europe’s economic problems. These objectives could be stymied by...
Year of Hobson’s choice: UK recession is inevitable, January FOMC critical opportunity for Fed, and more
THE WEEKEND REVIEW Latest opinion and analysis from OMFIF around the world
17-21 January 2022, Vol.13 Ed.3
Most-Read Commentary
Year of Hobson’s choice:
UK recession is inevitable: For UK economic policy-makers, 2022 will be the year of Hobson’s choice. Out of apparently multiple possibilities of actions, only one is actually available. Boris Johnson’s luckless-looking government may run into a...
Fed must reassess strategy ahead of September’s FOMC meeting
Thursday 2 September 2021 – Vol.12 Ed.35.3
Commentary: Fed should be buying equity, not bonds
By Tamim Bayoumi in Washington
Chair Jerome Powell delivered a much anticipated speech at the Jackson Hole conference on Friday, containing insights on the Federal Reserve’s assessment of the current economic situation. But for those seeking clarity about the Fed’s long term plans, it was a disappointment. The danger is that the Fed ends up...
GLOBAL & REGIONAL DAILY (Thursday, 8 July 2021)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
July 8 2021
Global Markets
US Treasuries extended recent gains reflecting a continued unwind of the reflation trade, while the USD gained broadly after the latest FOMC minutes confirmed that the Committee began talking about tapering asset purchases. Focus today is on the results of the ECB Strategy Review at 13:00 CET followed by a press conference at 14:30 CET.
Greece
According to ELSTAT’s monthly labour force survey...
https://allaboutshipping.co.uk/2021/07/08/global-regional-daily-thursday-8-july-2021/
Next Generation EU issuance will boost euro’s reserve status, How to close the sustainable infrastructure gap, and more
THE WEEKEND REVIEW – OMFIF
Latest opinion and analysis from OMFIF around the world
14-18 June 2021, Vol.12 Ed.24
Most-Read Commentary
Next Generation EU issuance will boost euro’s reserve status: The Next Generation European Union fund exceeded all expectations with the debut bond deal for its €800bn programme, prompting issuers, investors and bankers alike to herald its potential...
GLOBAL & REGIONAL DAILY (Monday 14 June, 2021)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
June 14 2021
Global Markets
Global equities hovered around record highs, while 10-yr US Treasury yields traded near three month lows on Monday morning ahead of the all-important two-day FOMC meeting that concludes on Wednesday. Turning to this week’s releases, all eyes are on US PPI and retail sales on Tuesday and the Chinese retail sales and industrial production on Wednesday, all for May.
Greece
According to the...
https://allaboutshipping.co.uk/2021/06/14/global-regional-daily-monday-14-june-2021/
GLOBAL & REGIONAL DAILY (Wednesday 17 March, 2021)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
March 17 2021
Global Markets
Market focus today is on the conclusion of the two-day FOMC monetary policy meeting and the subsequent press conference from Chair Jerome Powell. Awaiting the Fed’s verdict, the majority of Asian bourses ended slightly lower today, UST and Bund yields were modestly higher but still off recent highs and the EUR/USD was struggling at around 1.1900.
Greece
The Minister of Finance Christos...
https://allaboutshipping.co.uk/2021/03/17/global-regional-daily-wednesday-17-march-2021/
Fewer currencies, please, Analysing the March Federal Open Market Committee meeting
Tuesday 9 March 2021 – Vol.12 Ed.10.2
Commentary: Fewer currencies, please
By Steve Hanke in Baltimore
Before the rise of central banking, the world was dominated by unified currency areas. As early as 1937, Austrian economist Friedrich von Hayek warned that the central banking fad, if it continued, would lead to currency chaos. His forebodings were justified. The obvious solution is for vulnerable emerging market...