Gold has been one of the standout performers during 2020, rising from around $1500 an ounce to a whopping $2075 an ounce in August. However, with the precious metal having broken out of previous all-time…
EUCO Preview: See you Next Month!
[caption id="attachment_364443" align="alignleft" width="300"] EUCO Preview[/caption] Summary: On Friday, European leaders are due to meet to discuss the recovery package "Next Generation EU" presented by the EC in addition to the standard seven-year budget for the…
Chart of the Week : Italy-Germany 10 Year…
As expected, the initial market reaction to the EUCO summit (see our review here) is very negative. This morning, Italy-Germany 10 year bond spread opened wider, and it is testing at the moment of writing…
EUCO Review
[caption id="attachment_365443" align="alignleft" width="300"] EUCO review[/caption] SUMMARY: At today’s meeting, EU leaders endorsed the three safety nets negotiated by the Eurogroup two weeks ago and gave a mandate to the EC to present a proposal…
EUCO Preview: Make It or Break It
[caption id="attachment_365443" align="alignleft" width="300"] EUCO preview[/caption] Summary: On Thursday evening, the EU leaders are due to meet to discuss the package of short-term liquidity proposals agreed by the Eurogroup two weeks ago. In the interim, unresolved…
