DRR News and Press, Morgan Stanley ZC SP REDEEM 30/04/2020 USD 40 - 617480280 From 05/27/21

The US reports April durable goods orders. Asia Pacific equities were mixed. Japan, South Korea, Hong Kong, and Taiwan markets eased, while China, Australia, and India rose. The doves at the ECB have taken to the media to press against reducing the PEPP bond-buying next month. ...

The inability of US shares to hold on to early gains yesterday did not deter the Asia Pacific and European equities from trading higher. While industrial commodities, like iron ore and steel rebar, are trading lower, gold has pushed above $1900 for the first time since January. Ju...

The Shanghai Composite jumped 2.4% today, the most since last October to reach a three-month high. The EU's confrontation with its neighbors is running at a high level. It is preparing more sanctions against Belarus. The US dollar remains trapped in its trough against the Canadian...

Demand for goods and services is surging at the sharpest rate for nearly 15 years across the eurozone, according to flash PMI data from IHS Markit, as the region continues to reopen from covid-related restrictions. The headline IHS Markit Eurozone Composite PMI® rose from 53.8 in...

The US dollar is firmer in the European morning after starting out with a softer bias in Asia Pacific turnover. Chinese officials escalated their threats against speculation and hoarding of commodities. For the first time since last July, speculators (non-commercials) are net shor...

The Fed can't taper Quantitative Easing (QE) without really hurting the market. Tapering of QE will signal a shift by the Fed to tighter monetary policy. Tapering will signal the end an era of Fed ease and the onset of higher inflation and interest rates, the market’s event...

The dramatic volatility seen earlier this week has sapped the market's energy. Japan's news stream was generally poor today. The Biden administration has adjusted its tactics regarding a minimum corporate tax. For further details see: Eerie Calm Ahead Of The Weekend

US equity indices finished lower, but the real story was their recovery. Japan's net exports shaved 0.2 percentage points off Q1 GDP, but today's figures suggest Q2 is off to a strong start. The US dollar bounced off the CAD1.20 support on Tuesday and traded around CAD1.2140 yeste...

The failure or major repricing of any of the world's four major reserve currencies will destroy the myth that major currencies are safe. When looking at the miserable alternative currencies before us, the dollar is without a doubt king. We must not underestimate the advantage the ...

From December 2020 to April 2021, HICP inflation in the eurozone jumped from -0.3% to 1.6%, the fastest acceleration in the history of the series. Energy inflation, partly due to COVID-19-related base effects, has accounted for the bulk of the pick-up, along with other special factors...