DRR News and Press, Morgan Stanley ZC SP REDEEM 30/04/2020 USD 40 - 617480280 From 07/08/21

Stephan Behnes/iStock via Getty Images Following in the footsteps of the Federal Reserve, the European Central Bank's Governing Council adopts a symmetric 2% inflation target over the medium term as part of its monetary policy. The change was made after the central bank started a review of it...

The dollar has steadied after surging yesterday and has so far retained the lion's share of its gains, though it remains lower against most major currencies today. Chinese officials signaled intentions of cracking down overseas listings. There are doubts that the US Senate will vo...

Follow-through dollar selling stalled as key levels were approached, including $1.19 in the euro, $1.3900 in sterling, $0.7600 in the Australian dollar, and CAD1.2300. Japan is considering extending the social restrictions in some cities, including Tokyo, even as the Olympics draw nea...

This year, the dollar has often experienced near-term trend changes around the turn of the month and the US jobs report. The minutes from the recent FOMC meeting will be released on July 7. The Reserve Bank of Australia meeting concludes early on July 6. The release of China's...

The US jobs report and OPEC+ decision are awaited. The dollar remains bid. While the focus is on the employment report, the US also reports May's trade balance (deterioration is expected) and May factory orders. Only the yen and Canadian dollar are showing a hint of resilience, th...

European shares are recouping yesterday's month-end losses, while US futures indices are bid. The greenback has edged higher against the Chinese yuan to about CNY6.4690, the upper end of this week's narrow range. The focus is on the US labor market ahead of tomorrow's June nationa...

The dollar is finishing the quarter on firm footing, gaining against most of the major currencies today. After another record close for the S&P 500, most markets in the Asia Pacific advanced, but Japan and Hong Kong. China's June PMI warns that the world's second-largest econo...

The reopening should continue across the major developed economies through the second half of 2021. The focus for markets has shifted to the strength of the growth rebound, the implications for inflation and the timing of central bank moves to taper asset purchases and eventually rais...

Inflation figures, which had been more harmonized than not for decades, all of a sudden they are acting a bit too idiosyncratic for once. That’s actually a red flag warning against inflation. The Treasury market is the farthest out of whack to inflation estimates. US inflation ...

Important economic events of this week: Quarter and month-end adjustments, Japan's Tankan survey, the eurozone's preliminary June CPI, the US employment report, and an OPEC+ meeting. Last week, the S&P 500 and NASDAQ rose to new record highs. The gap between consumer and produ...