Birrell

Markets The US yield curve yesterday abruptly swapped a bear steepening move for a flattening one with net daily changes varying between -5.5 (2-yr) to -1.9 bp (30-yr). The intraday rise against the backdrop of an empty eco calendar and relative silence on the trade front lost momentum around the st

Higher German infrastructure spending will boost Europe's economic growth in the coming years — but not enough to outweigh the expected drag from U.S. tariffs, according to Alfred Kammer, director of the European department at the International Monetary Fund. The IMF last week cut its growth outlook

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Market wrap Global equities are extending their winning streak to a fourth straight session — and this one’s got real legs. It’s not just the Fed’s rate-cut flirtation driving the tape higher — Asia's catching tailwinds from a rare double-dose of optimism: a cooler trade war front and Federal Reserv

The Copper price can make up further ground after the Easter break. Recent statements from the ranks of the US government regarding a possible de-escalation of the tariff dispute with China should ensure that the recovery can possibly continue for a while longer, Commerzbank's commodity analyst Cars

USD/CAD gains as the US Dollar strengthens after Treasury Secretary Scott Bessent hinted at a potential de-escalation in trade tensions.The White House also signaled progress in trade talks aimed at easing the broad tariffs introduced earlier this month.The CAD found support from rising crude Oil pr

EURUSD extended declines from a recent four-year high above 1.1473, as markets prepare for Wednesday’s ECB policy meeting. The European Central Bank is expected to cut rates in response to threats posed by US tariffs, falling inflation, and slower growth. Despite President Trump's issuing a 90% paus

The ECB Bank Lending survey, conducted in March, shows tighter credit standards and weaker loan demand from firms in the first quarter of 2025. This translates into weak investment appetite, even ahead of trade and market turmoil. While loan growth has continued to steadily increase on the back of e