Antonio_Ferlito

Antonio_Ferlito

EU and US futures are stable after the increases in the first half of the month. China and hopes of a mild recession in Europe and the US continue to hold up the markets. In the fourth quarter, China's GDP increased by +2.9% year on year, slowing down from +3.9% in the third quarter but much higher than expected (+1.6%). The seasonally adjusted figure is zero...

Antonio_Ferlito

EU and US futures are consolidating the gains of the beginning of the month. The exuberance was mainly extinguished by the interventions of two members of the Federal Reserve board. Mary Day of the San Francisco Fed and Raphael Bostic of the Atlanta Fed reiterated that the campaign against inflation is proceeding without hesitation, and the minimum target is a...

Antonio_Ferlito

EU and the US are mixed at the beginning of 2023. The EU Futures are performing well, the US Futures are weak. In France, EU harmonized inflation unexpectedly slowed down, in December the increase was 6.7% year on year, from +7.1% in November, the consensus was +7.3%. Consumer prices in Germany also fell more than expected. Based on the data released so far,...

Antonio_Ferlito

Future EU and the US recover after China said it would abandon its quarantine requirements for incoming visitors, further easing border controls to curb COVID-19, which have lasted for three years. China will stop requiring incoming travelers to comply with quarantine starting Jan. 8, the National Health Commission said on Monday. It will also reduce the severity...

Antonio_Ferlito

EU and US futures are recovering after the slide that followed the decision of the central bank of Japan. Surprisingly, the central bank of Japan has revised the tolerance threshold of the ten-year bond yield to 0%-0.5%. Some monetary policy adjustments have been talked about in recent days. Still, most economists expected that the most important announcements...

Antonio_Ferlito

EU and U.S. futures are stable, awaiting today's data on U.S. inflation, which will be decisive for the next movements of the indices. The threat of a recession is getting closer, creating a climate of pessimism in the markets, driven by the many alarms raised by investment banks. Today’s inflation numbers will be the most important macro data of December. A...

Antonio_Ferlito

EU and US futures remain stable, guided by the serene climate of the Chinese markets, where the launch of new support measures in China and other measures concerning the management of the pandemic could be announced shortly. This week the macro agenda revolves around Dec. 8 and 9 with the speech of the president of the ECB and with the US annual PPI, very...