URR News and Press, Morgan Stanley ZC SP REDEEM 30/04/2020 USD 40 From 04/01/20

The December 12, 2019 election in the United Kingdom paved the way for a divorce between the UK and EU, an issue that had hung over the European economy since the 2016 referendum. As 2020 began, optimism rose on the back of an end of uncertainty over Brexit and the de-escalation of the trade...

Macro News Global: We are currently entering a phase of extremely weak economic fundamentals with all developed economies experiencing the weirdest and highest rate of change in all the indexes’ history. For instance, we saw that US initial claims jumped to 3.28 million in the wee...

Overview: The coronavirus plague upended the world in March. Equities are finishing the month on a firm note. Strong gains in the US yesterday and an unexpectedly strong Chinese PMI (yes, to be taken with the proverbial grain of salt) helped lift most Asia-Pacific and European markets today....

By Chris Turner, Global Head of Markets and Regional Head of Research While monetary and fiscal policy have moved in tandem in the US, coordinated fiscal measures (coronabonds) have still not found enough 'friends' within the EU. Meanwhile, the USD funding concerns may ease further th...

Overview: Risk appetites remain in check as the spread of the coronavirus is leading to more and longer shutdowns. Asia Pacific equities fell with Australia, the notable exception. Its benchmark rallied a record 7%, encouraged by additional stimulus measures. Led by financials, following new...

By Philip Lawlor, managing director, Global Markets Research US investors have been licking their wounds from their overseas returns as the weakness in non-US currencies have significantly affected returns. The chart below, which compares global equity returns since the peak in global equi...

The dollar rallied strongly from March 9 through March 20 or the start of last week on March 23. It has subsequently sold off and done so in dramatic fashion. It is not clear the trigger of the stunning reversal. Some observers attribute it to the Fed's currency swap lines, which were offere...

Overview Officials appear to have persuaded investors that they have put into place measures that will cushion the economic blow and ensure that the financial system continues to function. After seemingly goading officials into action, investors are choosing not to resist. Moreover, there is...

To better understand the economic consequences of the Corona pandemic, I wanted to interview an expert on economic crises. Namely, Tuomas Malinen. Malinen is the CEO and Chief Economist of GnS Economics, a macroeconomic consultancy. He's also an Adjunct Professor of Economics at the Universi...

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...