DRR News and Press, Morgan Stanley ZC SP REDEEM 30/04/2020 USD 40 - 617480280 From 03/12/21

The global capital markets are reversing hard into the weekend. The Australian dollar has appreciated by almost 10% since early November's pivot in terms of the US election and vaccine. Canada is expected to have grown jobs last month for the first time since November. For f...

Led by China, the major markets in the Asia-Pacific region rallied. Europe's Dow Jones Stoxx 600 is stretching its advance into a fourth session and is up around 3.5% this week. The US dollar is trading lower against nearly all the majors but the Japanese yen. Emerging market ...

Fear that yesterday's reversals represent little more than one-day wonders is contributing to the overall consolidative tone today. The ECB begins its two-day meeting, and tomorrow's announcement will be followed by the press conference. There are two highlights (reporting of Febr...

Japan's Q4 20 GDP was revised down to 11.7% from 12.7% at an annualized pace and 2.8% from 3.0% quarter-over-quarter. The euro edged closer to the 200-day moving average (~$1.1830) in early Asia before rebounding and putting in a high near $1.1910. The US 10-year yield is off more...

The attack on Saudi Arabia's largest crude terminal reverberated through the capital markets, where sentiment was already fragile, despite the lack of disruption. Japan's January current account surplus was about half of what economists had expected (JPY647 bln vs. JPY1.253 trillion)....

The bond sell-off is prompting some position-squaring in the oversold dollar, which may remain supported in a week where the release of US CPI numbers may leave bonds vulnerable. The ECB meeting will be centred around any possible verbal intervention against rising yields. Bank of...

The US dollar's recovery continued last week, with new highs for the year being recorded against the euro, yen, and Mexican peso. The key driving force is interest rates and ideas that the US monetary spigot will be turned down before Fed officials acknowledge. The very forces tha...

The combination of OPEC+ decision not to boost output next month and Fed Chair Powell's seemingly lack of concern about the level of long-term rates pushed on a door that was already open. German factory orders were nearly three times stronger than the 0.5% gain than the median foreca...

The MSCI Asia Pacific Index suffered its biggest decline of the week today. The Dow Jones Stoxx 600 Index in Europe is buckling under pressure and is posting its first decline of the week. US stocks remain soft, but the futures on the major indices are off their lows. The doll...

Led by a 2.7% rally in Hong Kong, Asia-Pacific markets all advanced. Europe's Dow Jones Stoxx 600 is up for the third consecutive session. US shares enjoy a firmer tone. The dollar is finding better traction in Europe, and sterling is a bit stronger ahead of the budget. Em...