Bundles

5 April 2023

ING Monthly: Everything, everywhere, almost all at once

Much like in the Oscar-winning film, there seems to be a never-ending run of stressful events that we must face head-on – and financial markets have suffered. Unfortunately, there's no one hero to save us. And the fight will be fought for many more years to come

In this bundle

Everything, everywhere, almost all at once

In the Oscar-winning movie, an unlikely hero fights strange, seemingly never-ending dangers as the fate of the world hangs in the balance. In our reality,…

6 key things to know about the financial world right now

Recent market turmoil has been troubling, to say the least. So where are we? And where are we headed? We have some answers

, and 2 others

Our view on the major central banks

We think the US Federal Reserve will hike rates once more while we could see two more increases from the European Central Bank before the summer. On the…

, and

Commodities: Europe ends winter with comfortable gas storage

Commodities, Food & Agri

Energy

Commodities: Europe ends winter with comfortable gas storage

We have finally reached the end of the heating season and Europe has managed to end winter with storage at record levels for this time of year. The job of…

United States

The US braces for a harder landing

Banking stresses mean much tighter lending conditions, which in an environment of rising borrowing costs, soft business sentiment and a rapidly weakening…

United Kingdom

UK finished with rate hikes as inflationary pressures ease

Assuming the encouraging trends on price-setting behaviour persist, we think the Bank of England will opt against a further rate hike in May

Conflicting forces lead to subdued growth for the eurozone

While lower natural gas prices continue to act as a tailwind to the eurozone economy, tighter monetary policy is likely to slow down the expansion from…

Why short term financial stresses could actually de-stress the ECB in the long run

Peaks in systemic stress generally result in recession and lower inflation down the line, making the work of the European Central Bank easier. So far, we…

and

Germany

Never waste a good crisis – a profit-price spiral in Germany

With the largest strikes in Germany in more than three decades this week, fears of a wage-price spiral have gained momentum once again. However, last…

and

China

Chinese economy dragged down by external demand

Domestic demand in China has been strong since the start of the year; the recovery story is on track. But weakening external demand is dragging on…

Australia

Australia’s lucky economy

The Australian economy is slowing, but a combination of factors, including a relatively cautious central bank, means that the chances of a soft landing…

Japan

No change at April’s Bank of Japan meeting

We do not expect the Bank of Japan (BoJ) to introduce policy changes at its April meeting, but recent macroeconomic conditions mean the BoJ has paved the…

Inflation is falling in the CEE region, but it's too early for monetary easing

Inflation is falling in the CEE region, but it’s too early for monetary easing

The slowdown in inflation has begun across the region, while most countries in Central and Eastern Europe are already in a technical recession. However,…

, and 2 others

FX: Timing the dollar sell-off is now the key challenge

Fast support for the US banking system has seen the dollar turn lower from distressed highs as investors have switched to focusing on easing from the…

Rates

The discount for angst deepens in rates markets

Curve inversion equals pain. The manifestation of that pain is typically a recession, and the antidote is (eventual) rate cuts. A lot of this is now being…

Report

ING Monthly: Everything everywhere, almost all at once

In the Oscar-winning movie, an unlikely hero fights strange, seemingly never-ending dangers as the fate of the world hangs in the balance. In our reality,…