
Cash Persists In A Digital Euro Age — And The ECB Just Told You Why
Frankfurt publishes a payments survey the week it hands out concert tickets. Read the two documents together.
Marcus Brandt ·
NoorSada Bölümü
Markets, economy and monetary policy.
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Finans köşesi — Karim Al-Rashidi, Marcus Brandt, Hassan Al-Mansoori ve Alexei Morozov'un günlük piyasa analizleri.Computed from today's moves across the tracked equity indices.
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Frankfurt publishes a payments survey the week it hands out concert tickets. Read the two documents together.
Marcus Brandt ·

A US cancellation payment to a German utility is a small fiscal signal with a longer half-life than the front end suggests.
Marcus Brandt ·

Two central banks, two fiscal trajectories, one cross rate stuck in a 40-pip range. The boredom is the signal.
Marcus Brandt ·

Sterling outperforms the euro by a third of a percent on a quiet bank holiday tape, and the curve story sits underneath the spot print.
Marcus Brandt ·

The cross is doing nothing. That's the story. Underneath, ring-fence reform and a US troop drawdown are quietly rewriting the gilt-bund basis.
Marcus Brandt ·

Frankfurt rips, London sleepwalks, EUR/GBP unchanged. The bond desk's tell is in what didn't move.
Marcus Brandt ·

Rohöl fällt, Gold klettert auf 4.560 Dollar, und Tadawul zuckt kaum mit den Schultern. Der Markt kalkuliert Geduld ein — vorerst.
Karim Al-Rashidi ·

Cable up 0.52%, EUR/GBP down 0.33%, FTSE lagging DAX by 170bps. The cross is doing the work the curve won't.
Marcus Brandt ·

Sterling outpaced the euro on the downside Friday, but the cross barely moved. Read the bond market, not the headlines.
Marcus Brandt ·

WTI jumps 3.3% on Iran escalation chatter while gold sheds 2.3% — markets are pricing geopolitics, not panic.
Karim Al-Rashidi ·

A 0.22% move in cable's cousin tells you more about ECB-BoE divergence than a 1% wobble in the FTSE ever will.
Marcus Brandt ·

Rohöl springt um 3,45% nach oben, während die beiden größten Exporteure des Golfs offen gegen ihre eigene Geographie absichern. Gold kühlt ab. Der Tadawul zuckt mit den Achseln.
Karim Al-Rashidi ·

USA und China einigen sich auf Kauf von 200 Boeing-Flugzeugen, doch Analysten erwarteten größere Zusagen in breiteren Verhandlungen.
Pierre Dubois ·