URR News and Press, Morgan Stanley ZC SP REDEEM 30/04/2020 USD 40 From 03/14/20

By Ed Moya A fourth week of heightened volatility will see financial markets continue to focus on the coronavirus spread across Europe and the US. The economic impact of the virus is deepening, and expectations are high for the week ahead to see another wave of massive monetary easing and ...

Overview: The ECB boosted this year's asset purchases, lightened capital requirement rules, liberalized collateral requirements, suspended the annual stress tests, and provided for long-term loans at a rate as much as 25 bp below the negative 50 bp deposit rate. The market was nonplused. Lat...

The eurozone problem Okay, part of this is political but then the politics comes from the economic analysis that precedes it. I have been against the very idea of the euro since it was first announced in the 1990s. This has then bled through to my working for UKIP, campaigning in favour of B...

As it has before, the European Central Bank says more than monetary policy is needed to cope with risks to the euro area's economic outlook, especially now that Covid-19 threatens prospects of growth. More news on: Invesco CurrencyShares Euro Trust ETF, ProShares UltraShort Euro ETF, iShar...

Overview: After the Bank of England and the UK Treasury announced both monetary and fiscal support, the focus turns to the ECB, but the proximity of the US Congressional recess (next week) without strong fiscal measures being in place sucked the oxygen away from other issues. President Trump...

By Chris Turner, Global Head of Markets and Regional Head of Research for UK & CEE Given the US dependency on the capital markets for financing, the Fed looks set to be at the forefront of the monetary response to the Covid-19 crisis. The end of US 'exceptionalism' in terms of growth ...

Overview: The S&P 500 and Dow Jones Industrials sold off after the higher open and briefly traded below yesterday's lows. Investors seemed disappointed that the Trump Administration was not ready with specific policies after Monday's tease that had initially helped lift Asia Pacific and ...

By Chris Turner, Global Head of Markets and Regional Head of Research for UK & CEE Continued pressure in global equity markets sees an on-going flight to safety in the FX world. What’s different this time is that the market may be starting to price in a fresh round of QE ...

By Petr Krpata, Chief EMEA FX and IR Strategist and Francesco Pesole, FX Strategist The collapse in oil prices has severely punished high beta oil-exporting FX globally. In the G10, the Norwegian krone is particularly vulnerable. The Canadian dollar is also exposed versus the o...

The European Central Bank (ECB) is expected to follow the U.S. Federal Reserve (Fed) and announce monetary easing measures on Thursday, if not before. With policy rates already at negative levels, we expect focus on targeted lending front asset purchases, and less emphasis on risk free intere...