Ok, so it’s Monday and France didn’t elect a fascist. So we’ve got that going for
Category: europe
One Bank Weighs In On The Euro’s “Sell The News” Moment
“The Euro went up a bit, down a bit and ended pretty much where it was last week. It faces two short-term challenges”…
Wall Street Weighs In On Macron Win
“And since we believe a Macron presidency has been embedded in market pricing since then, we do not expect his victory in today’s run-off to have a significant impact on markets from tomorrow.”
European Leaders Cheer Macron’s Victory Over Le Pen
The relief is palpable…
Barclays Tells You What To Expect If Macron Wins
Assuming Macron does indeed carry the day, here are the two possible scenarios and what to expect, according to Barclays…
2 Charts Show How Confident The Market Is In Sunday’s “Sure Thing”
There are a number of different visuals you can look at to see how confident this market truly is, but one of the most straightforward ways to assess the situation is simply to look at…
Guest Post: Another FU?
“The market is way too cavalier about this weekend’s election. In modern history, there has never been a French election without one of the two main parties being in the second round. This is unprecedented. If someone tells you they know how the French electorate will behave, they are deluding themselves.”
Bloodbath: “Nightmarish Picture” For Iron Ore Triggers Metals Mayhem
“Iron ore demand is waning, which, against backdrop of near-record/record inventories and aggressive Chinese and seaborne supply, paints a nightmarish picture”…
Trader: Sunday Will Be The “Final Nail In The Coffin” For Euro Bears
“Those who trade on systemic market risks need to know when their expiry date has passed. It’s time for the euro to enjoy its life out of the limelight and let some other asset be the focus of market worry.”
The Going Rate For Being “A Bloody” Bitch Is Now €100 Billion
Yeah, so it turns out that exiting the European Union is probably going to be
Guest Post: It’s That Time Of Year Again
“I wonder if we aren’t setting up for a buy-the-rumour-sell-the-news reaction.”
“You’re Dismissed”: Here’s How Markets Are Feeling About Sunday’s Big Event
Call it overconfidence if you want, but the “win” for the pollsters in the first
It’s Tuesday And Some Folks In Europe Are Doing Some Manufacturing!
Ok, let’s see… It’s Tuesday and there’s some European PMI data you should note. Because
Euro On Track For Best Week Since June After Inflation Hits ECB Target
Earlier this morning, we noted that Japan tried to release a whole bunch of ostensibly important
Guest Post: “The Chance Of A Melt Up Has Never Been More Intense”
“Yet too many investors mistakenly believe good old fashioned fundamentals still drive financial asset markets. Nothing could be further from the truth. Since the 2008 credit crisis, Central Bank flows have made a mockery of financial pricing theory.”
Euro Jumps On Draghi “Diminished Risks” Remark – Then Gives It All Back
DRAGHI SAYS DOWNSIDE RISKS TO ECONOMY HAVE FURTHER DIMINISHED
Kuroda Shrugs, Twitter Lampoons Sweden, Deutsche Crumbles: Welcome To Thursday
Ok, so as detailed earlier this morning, the first thing you should note about the
ECB Stays Put Following French Election
ECB LEAVES DEPOSIT FACILITY RATE UNCHANGED AT -0.4%
One Analyst Compared US Stocks To European Stocks – Here’s What He Found
So one of the things we (and others) noted going into the first round of
Today’s Word Is “Bigly”: Here Comes Trump’s Terrific, Tremendous, Tax Plan
Today’s word is “bigly.” No wait, “phenomenal.” No wait, “massive.” Yeah, that’s it. “Massive.” All
Trading Trump’s Tax Plan: Buy … Euros?
“Trump’s expected announcement on his long-awaited tax plan Wednesday does little to boost dollar-long appetite, as bets turn clearly euro bullish.”
The ECB Is Getting Really Good At Leaking Shit To Reuters
“Some or all the references to prevailing downside risks to the outlook, to the possibility of further rate cuts or to larger asset purchases may be taken out, the sources said.”
It’s Tuesday And This Market “Sees No Demons”
“With French political risk significantly reduced (even if there’s still a two-week second round campaign to negotiate), an improving global economy, steadier oil prices, and most of all, range-bound US yields and a lack of fear of rapid Fed tightening, investors see few demons and are off in search of yield.”
Trader: “Ok, So What Do We Do Now?”
“What we’ve had so far this week, I know it’s only Tuesday, has been a repricing without the benefit of meaningful price discovery along the way. Gaps during the Asia-Pacific opening are one thing. Ones followed by flat-lined price action suggest order books emptied followed by “So what do we do now?†And if there isn’t a quick follow-through in momentum, the next question will be “What have we done?â€
Warning: “Cliches May Be Boring,” But Nature Does “Abhor A Vacuum”
“Given the large number of gaps that have developed over the weekend because of the French election, traders will no doubt wonder how seriously to take the traditional warning.”
Hellz Yeah! European Stocks Explode, US Set To Rally As Market Celebrates Macron
The final tally was Macron 23.75%, Le Pen 21.53% and to say markets are relieved
Here’s How Wall Street’s Feeling About European Stocks On Monday Morning
So at least for Monday, the verdict is already in on European stocks and how
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