UPV News and Press, ProShares Ultra FTSE Europe From 09/06/21

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 first full week of September is jam-packed. The highlights include the ECB meeting and China's inflation. The Reserve Bank of Australia and the Bank of Canada also meet. The key issue is that the ECB boosted its bond-buying under the Pandemic Emergency Purchase Program. The un...

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...

The US front end maintains a magnetic hold, pulling short rates down. A non-committal Fed puts the focus squarely on Friday’s jobs report. September tapering may yet happen, but US Treasuries were allowed a pause in their sell-off. We expect supply to be a more potent drive...