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Market Update

Germany and Ireland Avoiding New Shutdowns

The German and Irish governments are reportedly trying to avoid a new lockdown, as part of preventive measures against the Coronavirus (COVID-19) pandemic, according to Reuters. As businesses could be hit hard, the move seems to be falling out of favor in Berlin and Dublin. “There must not be a …

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Oil Rises by More than 5%

Oil prices surged on Monday, recovering most of its losses last week, supported by an improved risk appetite after positive news about the health of US President Donald Trump. Brent crude futures for December delivery closed higher by $2.02, or 5.1%, at $41.29 per barrel, after four consecutive daily declines. …

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Evans Sees Inflation Overshoot in Four Years

President of the Federal Reserve Bank of Chicago, Charles Evans, expects an inflation overshoot after more than three years, Bloomberg reported. “I expect inflation to slowly improve, reaching 2% on a persistent basis in 2023 and then moderately overshooting 2% over the following few years.”“We likely have a lot of …

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