The Cboe Volatility Index (VIX) rose to 37 on Wednesday, the biggest one-day move since the market crash in March. According to Bloomberg, VIX's futures curve flipped to "backwardation," implying that investors expect more volatility in the near-term. The bulk of VIX’S Wednesday gain came in after-hours trading when Tesla Inc., Apple Inc., and Facebook Inc. all fell after … [Read more...] about VIX Trading Nears November Highs as Fear Grips Stock Markets
Forex News
Euro Area and the EU Record Decline in Economic Sentiment and Employment Expectations
Both the economic sentiment and employment expectations in the Euro area and EU fell in January 2021, according to the European Commission press release. Economic Sentiment Indicator (ESI) fell by 0.9 points to 91.5 in the euro area in January 2021. The Economic Sentiment Indicator edged lower by 0.6 points to 91.2 in the European Union.The Employment Expectations … [Read more...] about Euro Area and the EU Record Decline in Economic Sentiment and Employment Expectations
EUR/GBP: Drastic Green Bonds Purchases May Disadvantage the Euro
The ECB is set on divesting from fossil fuel resources.Green bond purchases by European banks reached €20 billion in 2021.London-based banks have to increase their investment in Europe to continue operations. The euro fell 4.37% against the British pound from its 4-month high of 0.9255. The pair traded at a low 0.8851 on January 27, 2021, amid the news that the European … [Read more...] about EUR/GBP: Drastic Green Bonds Purchases May Disadvantage the Euro
Consumer Confidence Tops Expectations to Rise 2.2% in January-The Conference Board
U.S consumer confidence index rose to 89.3 in January, up from December’s 87.1, and above expected 89, according to the Conference Board press release. The increase was fueled by optimism about the outlook of the economy and job market in light of fiscal aid and coronavirus vaccines distribution. The gauge of expectations rose to a three-month high of 92.5, while a … [Read more...] about Consumer Confidence Tops Expectations to Rise 2.2% in January-The Conference Board
ECB Intensifies Scrutiny of Top Banks on Potential Loan Default Risks
The European Central Bank will increase scrutiny of credit risk preparedness by banks on potential loan defaults brought by the pandemic, according to Bloomberg. ECB officials and national watchdogs are pushing lenders to give additional information on their corporate lending in 2020. ECB Supervisory Board Chairman Andrea Enria has severely warned of an increase in banks' … [Read more...] about ECB Intensifies Scrutiny of Top Banks on Potential Loan Default Risks
