Hints and tips:
...their pallid glow cast a cool, even light over everything so that the objects and artefacts are equally prominent: a pair of scuffed shoes, a framed picture of Makkah (from a smaller, older incarnation minus...
...Yields on the German 10-year Bund fell to minus 0.39 per cent and on the UK 10-year gilt to 0.56 per cent, both five-month lows....
...Real yields, which strip out the effect inflation will have on returns, dropped as low as minus 1.12 per cent for the 10-year Treasury, the lowest since January....
...Hopes for a faster global vaccine rollout were boosted by the news that the jab made by BioNTech/Pfizer can be stored at between minus 15C and minus 25C instead of the minus 60C to minus 80C originally required...
...Last month, the national statistics agency revised its estimate for the second-quarter decline in the German economy from its initial estimate of minus 10.1 per cent to minus 9.7 per cent....
...Pfizer’s Covid-19 vaccine, for example, needs to be stored at minus 70C....
...For comparison, the mRNA vaccines developed by Pfizer/BioNTech and Moderna require much lower temperatures of minus 70C and minus 20C respectively....
...With two-year gilt yields sinking towards a low of minus 0.135 per cent, before bouncing a touch to minus 0.11 per cent, the pound slipped towards $1.2480 at one stage on Tuesday, less than 24 hours after...
...German output has fallen less severely than in other major economies — down 11.5 per cent in the second quarter compared to the end of 2019, compared to minus 17 for Italy and minus 18.9 for France — and...
...The index for current activity was up 27.5 in June, compared with minus 43.1 in May and better than economists’ expectations for another contraction of minus 23....
...She argued that while markets were pricing in a V-shaped recovery for the US economy, “we are expecting something less resilient”, after US jobless claims rose back above 1m last week....
...Under that approach, TD believe there is scope for 10-year real rates declining towards minus 1.5 per cent....
...The stock market has come roaring back in a V-shaped recovery being led front and centre by the tech sector that has remained resilient and we believe tech stocks could still go another 20-30 per cent higher...
...Such an outcome would represent the largest decline in the quarterly EPS estimate since FactSet began tracking this data from the start of 2002, eclipsing the minus 34.3 per cent recorded for the final three...
...Separate data from the research company GfK released on Friday showed that in the first 11 days of June, consumer confidence crawled up 6 points to minus 30....
...ADP dramatically revised its May figure to a gain of 3.07m from an original estimate of minus 2.76m....
...And if it goes into an L-shaped recovery, then [minus] 10 — Armageddon,” he said....
...Commodities certainly like the look of this, but the jury remains out on whether there will be a V-shaped recovery....
...“Looking ahead, higher unemployment, insolvencies and weak external demand are likely to put a cap on the pace of the recovery once the technical V-shaped rebound is behind us,” said Carsten Brzeski, an...
...“This is not a V-shaped recovery,” they said. In South Korea, the PMI fell from 48.7 in February to 44.2 in March, the worst in 11 years....
...More broadly, BCA notes how Europe’s economy is seen contracting more than the US in 2020 via the IMF’s recent forecasts — minus 7.5 per cent versus minus 5.9 per cent “suggesting that slack in Europe will...
...Meggitt, the aerospace and defence group, has won a $73m contract to supply electro-thermal ice protection components to the Bell Boeing V-22 Osprey US military helicopter....
...How many months before a V-shape recovery starts?”...
...That has since been cut to one of minus 1.2 per cent, as plotted here by FactSet....
...At minus 0.15 per cent, the US 10-year real yield has dipped to its lowest level since 2013, and was above 0.2 per cent as recently as November....
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