URR News and Press, Morgan Stanley ZC SP REDEEM 30/04/2020 USD 40 From 07/14/20

Overview: Turn around Tuesday began yesterday with a key reversal in the high-flying NASDAQ. It soared to new record highs before selling off and settling below the previous low. The S&P 500 saw new four-month highs and then sold-off and ended on its lows with a loss of nearly 1% on the ...

Overview: Equities began the week on a firm note in the Asia Pacific region. The Nikkei gained more than 2%, and the profit-taking seen in China ahead of the weekend was a one-day phenomenon. The Shanghai Composite rose 1.8%, and the Shenzhen Composite surged 3.5%. Taiwan and South Korea mar...

A surge in virus cases and record fatalities in several US states dampened the animal spirits at the end of last week. However, few seem emotionally or materially prepared to resist the official efforts to generate favorable financial conditions to facilitate an economic recovery. Most seem ...

The EUR/JPY currency pair, which expresses the value of the euro in terms of the Japanese yen, has traded with no consistent bias in recent times. Rising in Q4 2019, falling through much of 2020, before spiking through May; most recently the pair is falling. ( Chart created by the author usi...

By Alessio de Longis, CFA, Senior Portfolio Manager, Invesco Investment Solutions By and large, recent global economic data releases have shown signs of stabilization as most economies have begun the reopening process, confirming our Recovery regime initiated in June. Our macro reg...

Overview: Investors continue to clamor into risk assets. Led by Chinese shares, the MSCI Asia Pacific Index pushed higher for the third session this week to new five-month highs. Europe's Dow Jones Stoxx 600 is trying to snap a two-day decline with the help of better-than-expected revenues f...

The EUR/CHF currency pair, which expresses the value of the euro in terms of the Swiss franc, has been traditionally viewed as a risk-on currency pair, owing principally to the Swiss franc's safe-haven characteristics. Switzerland is viewed as a safe haven due to the country's typically positi...

Overview: The S&P 500 rallied 1.6% yesterday to extend the streak to a fifth consecutive session, and the longest of the year and completed the negation of a bearish technical pattern. However, the main feature today is a wave of profit-taking on risk assets. Most equity markets moved lo...

By Daniel Lacalle The measures implemented by governments in the eurozone have one common denominator: a massive increase in debt from governments and the private sector. Loans lead the stimulus packages from Germany to Spain. The objective is to give firms and families some leverage to ...

Overview: A new daily high number of contagions globally has been reported, but the risk-appetites have been stoked. Chinese stocks have been on a tear. The Shanghai Composite rallied 5.7% today to bring the five-day advance to 13.6%. Most other regional markets, including Hong Kong, rallied...