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29 October 2019

AFS Morning Comment October 29 2019

Trump switching from trade warrior to dealmaker; another Brexit delay; the ECB at the end of the road with regards to easing; and a Fed that will cut tomorrow and tilt towards another cut =…

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28 October 2019

AFS Morning Comment October 28 2019

Regarding the newsflow over the weekend, an important story in our view was the state election in Thüringen, a former East German state. Exit polls show the far right Alternativ für Deutschland more than doubling…

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24 October 2019

AFS Morning Comment October 24 2019

Today’s calendar is chockful of central bank meetings: besides the ECB we have the Norges Bank, Riksbank and central bank of Turkey all announcing rates. Furthermore, the economic data docket is full, and particular attention…

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22 October 2019

AFS Morning Comment October 22 2019

A clear pattern of rising bond yields has been emerging this month, in particular in case of the Eurozone. In case of the Eurozone the driver has been a reassessment of ECB policy. The EONIA…

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21 October 2019

AFS Morning Comment October 21 2019

In today’s Comment we will focus solely on Thursday’s ECB meeting, which will be Draghi’s last. Last stand if you will. That means lots of journos will be fawning over him. Here’s determined central banker…

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9 October 2019

AFS Morning Comment October 9 2019

The sole key risk event on today’s rather short calendar is the release of the FOMC minutes at 20:00 CET. Therefore, today’s Comment is dedicated solely to the Fed’s balance sheet and money market troubles…

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