DRR News and Press, Morgan Stanley ZC SP REDEEM 30/04/2020 USD 40 - 617480280 From 07/27/21

Reports today suggest China is considering a 10-25% tariff on steel exports starting in Q3 to rein in the sector. Interest in the eurozone's money supply figures has waned, perhaps as a result of the ECB's asset purchases and negative interest loans. The US 10-year TIP yield is at...

The price action in the foreign exchange and bond markets has been consistent with the risk-off narrative, spurred arguably by the surge in Delta mutation of the virus. At the end of last week, the ECB confirmed that the cap on dividends and buybacks for banks will be allowed to expir...

The virus is once again raising the prospects of slowing the economic recovery that was unevenly unfolding. The ECB's new forward guidance signaled that bond purchases and low rates will prevail until the staff forecasts that the 2% target can be sustained. Discussions about the p...

The dovish ECB's forward guidance and the unexpected rise in weekly US jobless claims to a two-month high sent bond yields tumbling. The US 10-year pulled back from 1.30%, and benchmark yields in the eurozone fell to new 3-4 month lows. New record virus cases in Sydney cast a pall ove...

Thomas Lohnes/Getty Images News The eurozone economic activity should return to pre-crisis levels in Q1 of 2022, European Central Bank President Christine Lagarde said during her post-decision press conference.Like her U.S. counterpart, Fed Chair Jerome Powell, she expects elevated inflation ...

Stephan Behnes/iStock via Getty Images The European Central Bank keeps interest rates unchanged and expects its key rates to remain at their present or lower levels "until it sees inflation reaching 2% well ahead of the end of its projection horizon and durably for the rest of the projection ...

Since last November’s vaccine news, financial markets have been "hanging ten" on a swell of cyclical, value and small-cap stocks, and rising Treasury yields. Crosswinds started to grow in the second quarter, however, as economic and inflation data ran hot: rising yields stalled...

Growth-oriented asset classes are likely to shine, but not equally. Above-trend growth is a supportive environment of risky assets like equities or credit. On valuation grounds, equities are looking a little cheaper. Geraldine Sundstrom and Erin Browne discuss PIMCO’s views...

On July 5, Deputy Prime Minister Aso explicitly went further than Washington and pledged Japan would come to the aid of Taiwan if it were invaded by China. A week later, Japan's annual security review was published, noting for the first time that stability around Taiwan was a signific...

Concerns that the Delta mutation will slow or even reverse the recovery efforts appear to be sapping risk-taking appetites. The surge of the Delta virus and reports of a "Delta plus" mutation gaining ground is emerging as a powerful economic and political factor. The dollar rides ...