URR News and Press, Morgan Stanley ZC SP REDEEM 30/04/2020 USD 40 From 06/18/20

Overview There is a nervous calm in the capital markets today after a late sell-off in US equities yesterday on the back of concerns about new virus cases in some states and revelations in a new book by former National Security Adviser Bolton. Asia-Pacific equities were mixed, though, of not...

UK Prime Minister Boris Johnson and other high-ranking UK government officials connected on June 15, 2020, via a video call with the leaders of EU institutions, marking the first of multiple top-level Brexit meetings scheduled until the end of July. Prior to the new negotiations on future UK-E...

The EUR/NZD currency pair, which expresses the value of the euro in terms of the New Zealand dollar, is a mostly risk-neutral pair that has been falling since its sharp ascent in March 2020, after the euro gained against almost all major currencies following a market rout in global equities. ...

Overview Investors have not yet completely shaken off the angst that saw equities slide last week. All equity markets in the Asia-Pacific region but Japan edged higher today, including China, India, and South Korea, where political/military tensions are elevated. Europe followed suit, and th...

By Darren Williams and John Taylor COVID-19 is catapulting the world into a new era of central banking - helping governments finance growing debt by capping bond yields near zero. Despite some hurdles, we're confident that this will play out just as powerfully in the euro area as elsewhe...

By Daniel Lacalle The €750 billion stimulus plan announced by the European Commission has been greeted by many macroeconomic analysts and investment banks with euphoria. However, we must be cautious. Why? Many would argue that a swift and decisive response to the crisis with an inje...

Overview: Shortly after the US stock market opened sharply lower, the Federal Reserve announced that its Main Street facility was up and running. US stocks never looked back. After the S&P 500 recouped its full decline, the Fed announced it would begin buying corporate bonds. Up until no...

Overview: The swing in the pendulum of market sentiment toward fear from greed began last week and has carried over into today's activity. Global equities are getting mauled. In the Asia Pacific region, no market was spared as the Nikkei's 3.5% drop, and South Korea's 4.7% fall led the way. ...

The EUR/CAD currency pair, which expresses the value of the euro in terms of the Canadian dollar, is at least primarily a risk-off instrument. I say at least, because the relationship between the euro and global risk sentiment (in financial markets) is subject to change. That is, seemingly on ...

A phase in the markets that began in mid-May ended last week with a dramatic sell-off in stocks and risk-assets in general. The Federal Reserve confirmed what investors already knew. After all, the implied interest rates for the December 2021 Fed funds futures implied a negative yield at the...