According to official Chinese PMIs released over the weekend, the Chinese economy has taken bigger hit from the Coronavirus then it did during the 2008 financial crisis. The world’s second biggest economy came near a…
Global preparations for a Corona pandemic have resulted in the proverbial market crash, with equities globally in correction territory and bond yields plunging to multi-year or even all-time lows as recession risks are on the…
Is there anything the ECB can do to lift the Euro Area out of its low growth, low inflation and low interest rates doldrums? Theoretically: everything; but practically speaking: nothing. Regarding the former: the ECB…
The dollar and US Treasuries are king as Coronavirus worries are on the rise again. Overnight we had reports of a sharp increases in cases in South Korea; the virus overwhelming authorities in Iran and…
In overnight market action there was no change in the apparent disconnect between bonds and stocks. Bond yields remain near their recent lows, while equity market have either erased their virus-induced losses are have even…
