EURL News and Press, Direxion Daily FTSE Europe Bull 3x Shares

2024-07-20 04:00:00 ET Summary The European Central Bank’s July monetary policy meetings tend to be uneventful, and this year proved no exception. Given the ECB’s reaction function, we expect the ECB to continue lowering rates at staff projection meetings and therefo...

2024-07-20 03:20:00 ET Summary Global consumer spending growth remained resilient in the second quarter, according to PMI survey data from S&P Global Market Intelligence, fueled by rising demand for both goods and services. The overall expansion in the second quarter nonethele...

2024-07-20 00:15:00 ET Summary This week, markets were influenced by trade war fears, US political developments, and a global cyber outage. In Asia, the Japanese yen weakened, and Chinese authorities remained silent on economic goals despite weak data. Next week, US PCE and GD...

2024-07-19 04:20:00 ET Summary The ECB decided to keep rates on hold as expected, and markets received little forward guidance. We see a continuation of the global macro trend for steeper curves, driven by the prospect of future cuts. We saw something similar for the Gilt curv...

2024-07-18 14:50:00 ET Summary We are concerned that the U.S. Federal Reserve may wait too long to follow other major central banks in making its first cut. We think political and market volatility is likely to rise in the second half of the year, with the potential to persist wel...

2024-07-18 07:15:00 ET Summary The ECB is not likely to cut at this meeting and will likely refrain from committing to future cuts. Markets are very close to pricing in two more 25bp cuts for this year, which limits the scope for the short end of the curve to come down. In Fra...

2024-07-17 05:52:00 ET Summary Markets are now pricing in 48bp of ECB cuts in 2024, just shy of two full 25bp cuts. The rate-cutting narrative building in the US was the main driver of the increase, but in our view, the spillovers will be more limited. The Fed’s Be...

2024-07-17 04:20:00 ET Summary Global growth is being supported by moderating inflation, more accommodative financial conditions and a pickup in global trade. S&P Global Market Intelligence analysts' forecast of global real GDP growth in 2024 is unchanged at 2.7% i...

2024-07-16 08:00:00 ET Summary The UST curve steepened on the back of Trump’s assassination attempt, which was deemed likely to increase his chances of a win. The spillovers from a Trump presidency to EUR rates are more muddled. Eurozone rates have been helped down by t...

2024-07-15 06:58:00 ET Summary As North American activity is about to begin, the dollar is mostly little changed. Outside of Hong Kong and Taiwan, most Asia Pacific equities advanced. European benchmark 10-year yields are mostly 1-3 bps softer, while the 10-year Treasury yield...