URR News and Press, Morgan Stanley ZC SP REDEEM 30/04/2020 USD 40 From 04/12/20

Official actions have succeeded in stabilizing the capital markets, even as much of the world's economy remains locked down, and the hardships faced by households and businesses intensify. In the middle part of last month, the markets were as dysfunctional as they have ever been. Volatility ...

By Ed Moya The upcoming week will look to see if risk appetite can still be supported on optimism that the coronavirus curve shows signs of flattening and after the Fed's unveiling of $2.3 trillion in programs to help businesses and governments. With the Fed going above and beyond with sti...

The German and French economies , the two largest economies in Europe, are tanking, operating in recessions that will be setting historical standards. European agencies are expecting that Germany's economy will decline in the second quarter by 10 percent. This is the largest decline since t...

Overview In the war against the novel coronavirus, humans are striking back and appear to be gradually getting the upper end, especially in place in Europe, and possibly the US, which has been particularly hard hit. Risk appetites are surging. Nearly all the equity markets are higher today, ...

Macro News Global: While more and more people are rushing into the market to buy the dip as they predict that the emergency facilities announced by central banks will be enough to prevail equities from falling, we are still very cautious in the near to medium term, as fundamentals are ab...

Overview: Reports suggesting that some of the hot spots for the virus contagion appear to be leveling off, and this is helping underpin risk appetites today. The curve seems to be flattening in Italy, Spain, and France. In the US, there are some early signs of leveling off in NY, and now, th...

The US dollar's strength appears to confound fundamental and technical considerations. The cross-currency basis swaps have swung hard from a large dollar premium to a record discount (against the euro, sterling, and yen). No fewer than 10 central banks drew on the currency swap lines with th...

Overview: After US stocks dropped more than 4% yesterday, investor sentiment has improved, apparently sparked by ideas that the pain will force oil producers to find a way to reduce supply. Oil prices have surged, with the May WTI contract rallying around 7%. Asia Pacific equities were mostl...

The EUR/CAD currency pair, which expresses the value of the euro in terms of the Canadian dollar, has consolidated in a rather volatile fashion in recent weeks. The pair has traded between 1.52 and 1.60 through most of March 2020, after surging by about 10% from February 20, 2020 to March 9, 2...

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...