Covid-19: Europe to the rescue this weekend?

Expect marathon talks this weekend as European leaders discuss a €750 billion recovery aimed at digging the continent out of the economic impact of Covid-19. Here's what's at stake along with a selection of other market-moving stories from this week

In this bundle

Rates

EU Summit – Market preview: The “bumps” are in the price

The bar for positive market impacts of the EU Summit this weekend is not too high, as there is little hope for a quick agreement among investors. If our…

EU summit preview: Is the impossible within reach?

EU leaders are edging closer to a deal on a recovery fund. A lot is still at stake at the coming EU summit, but a deal does seem to be within reach

and

ECB: Summer break

The ECB meeting in short: No sudden end to the PEPP, its emergency purchase programme, and for the rest there was enough uncertainty to keep the window…

G10 FX Week Ahead: Merkel’s put and EUR calls

The tone in FX markets will be a function of the outcome of the ongoing EU summit next week with the calendar otherwise looking very quiet. We're…

Watch: Two paths to a weaker dollar

Is the dollar about to enter a bear trend? The US currency has only fallen by more than 20% on two occasions in the last 40 years. It's an exceptional…

China

Why China’s surprisingly strong economic growth isn’t sustainable

China’s GDP growth rebound in the second quarter exceeded our expectations by a considerable margin, but we think the rate of growth is…

OPEC+ cuts set to ease

The OPEC+ Joint Ministerial Monitoring Committee (JMMC) met yesterday, and as largely expected OPEC+ will start to ease production cuts from 1 August.…