ING’s Covid-19 roundup: Lagarde and Powell’s whatever-it-takes moment

The Fed's Powell didn’t sugarcoat anything this week, but Lagarde's tone was much more measured. Both have been working hard to prevent credit nightmares, but our podcast highlights the ECB may start buying junks bonds too. As confidence builds Covid-19 curves are turning lower, we look at which currencies could lead FX markets through the recovery phase

In this bundle

ECB: Taking a short break without being breathtaking

ECB provides more, even cheaper, liquidity but keeps its QE dry. Suffice to say Lagarde is still trying to find her own fully convincing ‘whatever…

EUR & ECB: Mixed impressions but no risk premia build up

Credit

Rates

EUR & ECB: Mixed impressions but no risk premia build up

The newly announced and signalled ECB measures should help contain the EUR risk premium, with the missteps of the ECB March meeting not repeated. We…

The FX road to recovery: Which currencies to back on the path out of lockdown?

As confidence builds that Covid-19 curves are turning lower and gauges of market risk improve further, attention in the FX world turns to the…

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Watch: 6 ways Covid-19 is transforming digital finance

The coronavirus pandemic is hitting global economies but it's also having unforeseen impacts on the evolution of digital finance. Here's how

US: 30 million jobs lost

Another 3.839 million people filed a new unemployment claim last week bringing the total jobs lost to 30.3 million since mid-March. With a further third…

US GDP: The descent begins

After a strong January and February, a combination of Covid-19 containment measures and consumer fear meant activity collapsed in March. With lockdowns…

United States

Federal Reserve: Delivering home truths

While equity markets are looking positively to the future, the Fed's downbeat tone offers a sobering assessment on economic prospects. Nonetheless,…

Opinion

By Robert Carnell

BoJ’s “whatever it takes”

Markets rise on another "whatever it takes" - this time from the Bank of Japan. But is there any room for more?

Rates

Federal Reserve: Coffee break for the plumber

Credit where credit is due, the plumbing job has been effective. Libor is down and continues to fall. Credit spreads have been contained. Last week the…

Report Rates

Libor reform: Big bang moment(s) ahead

The big prep continues; for the day when we morph from Ibors to the holy grail of risk free rates. Slowly but surely progress is being made, but the real…

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