Swiss Franc The Euro has risen by 0.63% to 1.0667 EUR/CHF and USD/CHF, May 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500 gapped higher yesterday, above the recent ceiling and above the 200-day moving average for the first time since early March. The momentum faltered, and it finished below the opening level and near session lows. The spill-over into today’s activity has been minor. The...
Read More »FX Daily, May 20: Fed Funds Futures No Longer Imply Negative Rates
Swiss Franc The Euro has fallen by 0.13% to 1.0592 EUR/CHF and USD/CHF, May 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Another late sell-off of US equities, ostensibly on questions over Moderna’s progress on a vaccine, failed to deter equity gains in the Asia Pacific region. China was a notable exception, but the MSCI Asia Pacific Index rose for the fourth consecutive session. European shares are little...
Read More »FX Daily, May 19: Optimism Burns Eternal
Swiss Franc The Euro has risen by 0.08% to 1.0601 EUR/CHF and USD/CHF, May 19(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Hopes for a vaccine and a German-French proposal to break the logjam at the EU for a joint recovery effort helped propel equities higher yesterday. There was strong follow-through in the Asia Pacific region, where most markets advanced by more than 1% today. However, the bloom came off...
Read More »FX Daily, May 12: Markets Tread Water, Looking for New Focus
Swiss Franc The Euro has risen by 0.02% to 1.0515 EUR/CHF and USD/CHF, May 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Investors seem to be in want of new drivers, leaving the capital markets with little fresh direction. While Japanese and China equities were little changed, several markets in the region, including Australia, Hong Kong, Taiwan, and India, were off more than 1%. European bourses are mostly...
Read More »Cool Video: TD Ameritrade-Stocks, the Dollar and the Trap Laid by the German Court
Here is a nine-minute clip of a chat I had with Ben Lichtenstein at TD Ameritrade. Ben captures futures traders’ energy and breadth of vision. Often in institutional settings, one develops a specialization, but in my experience, futures traders are more likely to look across the markets and asset classes. It is one of the lasting lessons learned early in my career on the floor of the CME. We focus on the S&P 500 and yesterday’s German court decision, which I...
Read More »FX Daily, April 23: Investors Take PMI Crash in Stride
Swiss Franc The Euro has risen by 0.06% to 1.0517 EUR/CHF and USD/CHF, April 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Investors have remained fairly calm in the face of flash April PMI crashes and an increase of virus cases in several European countries. Most equity markets in the Asia Pacific region rose, with the notable exceptions of China and Australia. The Nikkei rose for the first time this...
Read More »Chinas Aufstieg zur digitalen Macht
Die Folgen des Handelsstreits sind weniger dramatisch als angenommen. Doch dieser führt zur zunehmenden Zweiteilung der Welt. We Chat statt Whatsapp, Huawei statt iPhone: China setzt die Politik der digitalen Autarkie fort. Foto: Reuters «Präsident Trumps Strafzölle gegen die wichtigsten Handelspartner haben einen Konflikt mit unabsehbaren Folgen ausgelöst.» Diese Zeile las man vor kurzem in der NZZ. Allgemein dient der Handelsstreit zwischen den USA und China heute...
Read More »European elections – a more diverse but still pro-Europe parliament
Voter turnout for European parliament elections surged across the continent, exceeding 50% for the first time in a quarter century and breaking the downward trend of the last four decades. However, differences in turnout across the EU have been substantial and a more fragmented parliament has emerged.Voter turnout was up for the first time ever and at 51%, higher than in any election since 1994. The results delivered a parliament with a pro-European majority, broadly in line with opinion...
Read More »European elections – a more diverse but still pro-Europe parliament
Voter turnout for European parliament elections surged across the continent, exceeding 50% for the first time in a quarter century and breaking the downward trend of the last four decades. However, differences in turnout across the EU have been substantial and a more fragmented parliament has emerged. Voter turnout was up for the first time ever and at 51%, higher than in any election since 1994. The results delivered...
Read More Ȇber den Wolken muss die Freiheit wohl grenzenlos sein
Photo: Wikimedia Commons (CC 0) Von Dr. Alexander Fink, Universität Leipzig, Senior Fellow des IREF – Institute for Research in Economic and Fiscal Issues und Fabian Kurz, Student der Volkswirtschaftslehre, ehemaliger Praktikant bei Prometheus. 20 Jahre nach der letzten großen Liberalisierung des europäischen Luftverkehrs ist es Zeit, die verbleibenden Wettbewerbshürden für nichteuropäische Anbieter zu beseitigen. Der Zugang zum europäischen Luftverkehr ist für ausländische Anbieter streng...
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