BRAZIL: Services Volume Rises 1.9% Y/y In March
May-14 12:02
* "*BRAZIL MARCH SERVICES VOLUME RISES 0.3% M/M; EST. +0.5%" - BBG * Follows a 0.9% m/m gain in Fe...
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ECB: Weekly ECB Speak Wrap (Mar 24 – Apr 14)
Apr-14 11:57
The following publication provides a summary and analysis of ECB speak in the weeks leading up to and following US President Trump's April 2 reciprocal tariff announcement: 250414 - Weekly ECB Speak Wrap.pdf
- Since US President Trump’s initial reciprocal tariff announcement on April 2, the median Governing Council view appears to have more clearly shifted towards a 25bp cut on April 17.
- The MNI Policy team’s April 4 sources piece provided a much-needed signal amongst the noise, noting that U.S. tariffs were tipping the scales towards a 25bp rate cut, particularly after encouraging inflation data.
GBP: Cable targets the 2025 high
Apr-14 11:53
- Cable is finding some resistance at the 1.3207 level, so far managed a 1.3201 high, this level is not only the April high but also the 2025 high and best traded level since early October.
- The Scandies are still leading in G10, and the SEK and the NOK are printing fresh highs.
- USDSEK made a 9.6053 low (prices are according to Bloomberg) on the 3rd April, its lowest since April 2022.
EQUITIES: Commerzbank Rolling put Option
Apr-14 11:39
CBK (19/06/26) vs (18/12/26) 20p, bought the Dec for 0.90 in 5k.
