URR News and Press, Morgan Stanley ZC SP REDEEM 30/04/2020 USD 40 From 03/26/20

By Petr Krpata, Chief EMEA FX and IR Strategist Measures taken on both the fiscal and monetary front and signs of reducing USD funding squeeze suggest that global FX markets may be about to exit the period of profound, indiscriminative moves, where the USD appreciates abruptly. This s...

Overview: Speculation that the US Senate would pass the large stimulus bill worth around 10% of US GDP is thought to have fueled a bounce in equities in recent days. The bill was approved and will now go to the House, where a vote is expected tomorrow. If the rumor was bought, the fact has b...

By Kristina Hooper, Chief Global Market Strategist Every morning, my day begins by discussing the latest developments in the coronavirus fight with my team of strategists on-the-ground in Hong Kong, Italy, London, Tokyo, New York and elsewhere. Today, my weekly blog features several me...

Over the past few weeks, European countries have stepped up virus containment measures aggressively, with most of the region now in lockdown. Gauging the exact economic impact of these measures is hard, but it is almost a certainty by now that Europe will experience a very deep recession, with...

Overview Global equities are marching higher. While the Dow Jones Industrials posted its biggest advance since 1933, the US is lagging behind other leading benchmarks. The MSCI Asia Pacific advanced, led by Japan's Nikkei's 8% gain. It was the third consecutive gain, during which time the Ni...

By Fabrizio Ferrari When Mario Draghi's tenure was approaching its end, I argued for a sterner governor for the European Central Bank (ECB); hence, I was not even slightly enthusiastic when Draghi's successor turned out to be Christine Lagarde - a patent dove, as can be inferred from her...

The international currency market is a bit of a mirage. Like an oasis in the desert, the US dollar has been the king of the asset class. A flight to quality in a risk-off environment has caused the value of the greenback to rise against other foreign exchange instruments. As the world battles ...

Macro News Global: The past few weeks were marked by radical changes in monetary policy conducted by central banks around the world. The Fed, which has already cut its benchmark rate by 150bps into 0 percent, announced an open-ended QE that will include purchases of corporate bonds and loa...

Overview Bottom-picking after officials step up efforts and some optimism creeps in is helping lift spirits today. As one looks at the equity bounces, it is important to remember that among the biggest rallies take place in bear markets. Nearly all the bourses in Asia-Pacific rallied, led by...

By Chris Turner, Global Head of Markets and Regional Head of Research & Petr Krpata, Chief EMEA FX and IR Strategist & Francesco Pesole, FX Strategist The “music” for stock markets has stopped and concerns about the USD funding markets have taken ov...