DRR News and Press, Morgan Stanley ZC SP REDEEM 30/04/2020 USD 40 - 617480280

The European Central Bank is telling its staff to prepare a new tool to address fragmentation in yields in the eurozone. In a short statement Wednesday after an emergency meeting to address market turmoil the ECB also said it would reinvest Pandemic Emergency Purchase Programme funds to help ...

More central banks are getting nervous about current market conditions ahead of the Fed's closely-watched policy announcement that will take place at 2 p.m. on Wednesday. The European Central Bank has called an "ad hoc meeting" for Wednesday morning as bond yields surge and investors dump sou...

The uncertainty over the economic outlook is now arguably the highest it has been over the past several years. The war in Ukraine is having a significant impact on trade flows - particularly in agricultural commodities. Alongside China lockdowns, bottlenecks look set to worsen in the ...

In a replay of the 2017 election, France's Emmanuel Macron has defeated candidate Marine Le Pen in the second round of a runoff vote, marking the first time the country has re-elected a president in two decades. Official results showed En Marche's Macron garnering 58.5% of the ballot compared...

In a replay of the 2017 presidential election, French voters have advanced incumbent Emmanuel Macron and candidate Marine Le Pen to the second round of runoff election. The two-round system has been in place since a 1962 referendum, and while it is costly and can weigh on logistics, many cite...

Pressure is growing on the European Central Bank to raise interest rates as eurozone inflation hit a record 5.1% in January, topping estimates by the most in two decades. Until now, the ECB has lagged other central banks in responding to escalating price pressures, and has said it wouldn't in...

With surging coronavirus infections across the country, Austria has become the first western European nation to reimpose a national lockdown on its citizens since COVID-19 vaccines became widely available. The unpopular measure will shutter restaurants, bars, theaters, Christmas markets and n...

The dollar is narrowly mixed bid ahead of the jobs report. The Scandis lead advancing major currencies, while the yen and Australian dollar are the laggards. Among emerging market currencies, the Turkish lira and the Russian ruble are off the most (~0.45%), while the South African ran...

A decent US jobs figure will allow the Fed to announce the taper next month. Inflation will keep the pressure on the Fed, arguing for further steepening of the curve into next week's bond supply. The ECB has yet to figure out how to react to higher inflation, but also avoid the ne...

The sharp upside reversal in US shares yesterday carried over in Asia and Europe today. The Asset Purchase Program had strict parameters in terms of the capital key and country limits. US weekly jobless claims have risen for the past three weeks. For further details see: ...