EPV News and Press, ProShares UltraShort FTSE Europe From 09/08/21

Despite the lowball jobs total on Friday, plenty of good news is buried in the small print, like massive revisions to the previous two months. In addition, Hurricane Ida may have suppressed reporting of August payroll data. There are some more clues in the ADP reported last Wednesday,...

The recovery of the European economies in the first eight months of this year from the pandemic-induced recession has been impressive. The rapid uptake of new work led to a marked increase in euro-area employment at one of the fastest rates in two decades. Economic growth in Europ...

USD finished last week on a soft note but steadied at the start of the week, edging higher against nearly all major currencies. The Australian and New Zealand dollars were the weakest, off about 0.3%. The JP Morgan Emerging Market Currency Index snapped a six-day rally, its longest in...

Ahead of the key European Central Bank policy meeting on September 9, we offer our views on what will likely change, what may not, and what it could mean for the Bund yield. Since suffering a double-dip recession last winter, Eurozone GDP growth has exceeded expectations. Bund yie...

The August nonfarm payroll report showed the delta variant hit to the economy is just beginning. Next week is all about Fed speak. ECB meetings are about to get far more interesting. It is a quiet week for economic data, with Wednesday’s JOLTS job openings reading for July,...

August job gains miss the mark in U.S. Unpacking recent economic data releases from Europe and China. Latest developments on the proposed U.S. spending bill. For further details see: U.S. Job Growth Slows. Could This Impact The Fed's Tapering Plans?

Global manufacturing remained beset by unprecedented supply issues in July, which constrained output and drove prices higher. The analysis of survey responses suggests that the number of companies reporting lower production due to staff or materials shortages is running at around five...

We doubt the drivers behind the narrowing of USD-EUR rates differential will persist: supply will swing the other way ahead, and overly hawkish ECB comments sow the seeds of a mini-tantrum. We're at a crossroads on many fronts. Direction usually comes from the US, but not always. ...

ECB hawks are making the case for a reduction in PEPP purchases in 4Q, and for less monetary support generally. If there is disagreement, we’ll find out today or tomorrow. We doubt EUR rates can withstand both ECB and Fed tapering this year at current valuations. For ...

In his speech on Friday, Fed Chair Jerome Powell stressed that inflationary pressures are cooling and getting closer to the Fed’s 2% target rate. Powell also acknowledged that some inflation is a “cause for concern” and implied that higher prices could be more permane...