False start for markets
Bond markets may have been trying to anticipate taper announcements yesterday, but slightly softer than expected US GDP data will lead to a restart.
A positive end to the week
A rebound in US stocks overnight should at least offer an upbeat start to Friday's trading
Everything pointing the same way today
Dovish ECB, US GDP rebound, and global anxiety over the pandemic rising as Europe re-starts lockdowns - all of which temporarily eclipses any election…
Some more awful GDP data is on the cards, but the Fed is in focus, and will likely say something supportive while we await the next fiscal package
Unreviewed medical trial results suggest not only a treatment for Covid-19, but for risk asset aversion. Meanwhile, Fed remarks and 1Q20 US GDP data paint…
GDP data - a taste of things to come
Equities rise, dollar gains, equities fall, dollar gains...
Always the Sun