URR News and Press, Morgan Stanley ZC SP REDEEM 30/04/2020 USD 40 From 06/28/21

Important economic events of this week: Quarter and month-end adjustments, Japan's Tankan survey, the eurozone's preliminary June CPI, the US employment report, and an OPEC+ meeting. Last week, the S&P 500 and NASDAQ rose to new record highs. The gap between consumer and produ...

With the economic recovery undeniably ramping up, we ask managers for their thoughts on valuations in the markets. While lockdowns were protracted affairs for so many of us, the economic recovery has been astoundingly rapid in many parts of the world. Regardless of the shift in to...

The Fed finds itself between a rock and a hard place: either it keeps inflating or the whole confidence-based valuation of financial assets collapses. Either it raises interest rates or the dollar collapses. The lessons from the past have taught us that central bankers only notice a b...

Tokyo CPI defied expectations and did not show another month of deflation. All three measures, headline, core, and another measure that excludes fresh food and energy, rose to zero from deflation. The BOE sees the economy accelerating to 5.5% growth this quarter, well above the 4.3% p...

After the NASDAQ set a record high yesterday, Asia Pacific markets turned in a mixed performance. Although US inventories continue to be drawn down, OPEC+ meets next week, and Russia is pushing for a boost in production. The Bank of England meets, but not one expects new moves. ...

Japan's preliminary PMI underscores the toll of the formal state of emergency and the slow vaccine rollout. The flash EMU composite June PMI reached a 15-year high of 59.2. The US flash PMI is expected to soften a little, but the reading is expected to be strong. For further...

The dollar is at a three-day high around JPY110.50 near midday in Europe after staging an impressive recovery after falling to almost JPY109.70 yesterday. Hungary is expected to become the first EU country to lift rates, followed by the Czech Republic tomorrow. Fed Chair Powell re...

The longer a period of elevated inflation - or at least fear of elevated inflation - persists, the higher the risk that a perceived transitory phenomenon could become permanent. We still believe this period will be transitory, but the transition period looks longer and wobblier than p...

The dollar is one of the key variables in financial markets. Its moves up or down are indicative of the relative performance of many different asset classes and trends. With the recent rally this past week in the dollar, it is important for investors to understand why such a move matt...

Firms have turned to the European repo market amid an increase in volatility in the financial markets, which has encouraged participants to review their approach to risk. The increased use of European repo led the BrokerTec platform to post some significant milestones in May 2021. ...