Day: 29 October 2020

Euro-Area Economic Sentiment Stagnated in Oct

The recovery in economic sentiment for the euro-area economies, which had been improving steadily since May stalled in October, according to the latest report Thursday from the European Commission. The Economic Sentiment Indicator (ESI) for countries sharing the euro was 90.9 in October, matching the level recorded in September, with the same dynamic seen for […]

ECB Leaves Policy Unchanged; Suggests Dec Easing

The European Central Bank (ECB) made no changes to its monetary policy at its rate-setting meeting on Thursday, but suggested that a package of easing measures could come before year end. Unusually, the Governing Council opened its press release by acknowledging the perilous state of the eurozone economy: “In the current environment of risks clearly […]

ECB Tees Up Dec Easing; Leaves Policy on Hold

The European Central Bank (ECB) Thursday pledged to “recalibrate” its monetary policy by the end of the year, but left the door open to an emergency consultation of its rate-setting body should the economic picture darken ahead of the regularly scheduled December meeting. ECB economists “are already at work” in adjusting forecasts to reflect the […]

Capitolis Continues to Build Team

Capitolis announces the hire of two more staff for its team. Alex Dubost joins as business development director, and Meshi Peer joins as director of engineering. Dubosts was most recently EMEA sales and client relationship director at RESET, previously NEX RESET, now part of CME Group. The company reports that it has added 12 new […]

CMC Markets Joins Gold-i Network

CMC Markets Institutional, which provides liquidity and white labelled trading services, is extending its liquidity distribution through a partnership with Gold-I, the company reports. Brokers, banks and hedge funds using Gold-i’s multi-asset liquidity management platform, Matrix, can now access nearly 10,000 instruments from CMC across a range of asset classes at competitive rates. In addition to […]

FOMC Apt to Stand Pat, But Future Fissures Emerging

The Federal Reserve is about to hold its second Federal Open Market Committee (FOMC) meeting under its new monetary policy framework amid strange and rapidly changing circumstances. No policy change is likely on November 5. In other words, the FOMC will almost certainly leave the federal funds rate in the zero to 25 basis point […]

US Q3 GDP Rebounds by 33%

As expected, the US economy rebounded in the third quarter, with strength in consumption supplemented by rebounds in the fixed investment categories. Third quarter GDP rose by 33.1%, compared with the 30.9% increase expected, the Commerce Department reported Thursday. Still, GDP was down 2.9% from the third quarter of 2019, an indication of the impact […]

Momentum Building: FX Swaps on the Cusp of Change

Is the last bastion of the “traditional” FX market about to be overrun? Talking to market participants and technology providers, Colin Lambert is starting to think that market structure change in FX swaps is, finally, upon us In terms of false starts, the restructuring of the FX swaps market has, over the past decade and […]

P&L Talk Series with Baton Systems

With settlement risk very much on authorities’ agenda, Colin Lambert talks to Alex Knight, head of global sales and EMEA at Baton Systems, about the challenges facing the industry…and the solutions. Colin Lambert: Last year the BIS surprised quite a few people by highlighting the scale of settlement risk in FX markets in its Triennial […]

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