Podcast: Pivotal levels across markets as Q2 earnings season on tap
Today a look at so many assets perched near interesting levels, including the S&P500 Index, several USD pairs, oil and more, and whether the start of the earning season this week sees the market able to continue bulling higher on the perceived support of liquidity, or taking a more cautious stance.
Market Quick Take - July 13, 2020
Last week ended on a positive note despite the ongoing drumbeat of worrisome news on the resurgence of Covid19 cases, particularly in the US. The broader US and other international equity markets joined the high-flying Nasdaq100 with strong showings on Friday, taking the German DAX and S&P500 within striking distance of the post-Covid19 outbreak highs from early June. Equity futures around the world are on a strong footing to start the week ahead of the start of an interesting earnings season.
EBC Preview : The calm before the storm
We are onside with consensus in expecting no change in monetary policy this week. Now the German court challenge has been defused, the ECB can focus on the future of its bond purchases. Technical discussions should concern the likely slowdown in the path of bond purchases this summer, further flexibility in the PSPP parameters, and early talks about the Strategy Review that is due next year, especially regarding climate change. The ECB is likely to remain on alert as the second economic wave of the COVID-19, characterized by business restructuring and permanent closures, is about to hit the Eurozone and fragilize the banking sector.