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Market Update

Eurozone Economic Sentiment Improves in July

Economic sentiment in the Eurozone rose more than expected in July to 82.3 points from a revised reading of 75.8 in June, according to data by the European Commission. The improvement comes amid the easing of lockdowns and preventive measures against the coronavirus disease (COVID-19). The industry sentiment recorded -16.2 …

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US 10-year Yield Posting Record Low

The yield on 10-year (inflation-adjusted) US Treasury bonds fell to a new low of -0.95% on Wednesday after the Federal Reserve reiterated its interest-rate keep plan to its lowest levels in the foreseeable future. Jerome Powell, Chairman of the Federal Reserve, said that monetary policy will remain accommodative until the …

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China to Support Export Businesses

China plans to boost exports by providing trade-oriented companies with capital and market support, Citing the weekly State Council meeting held Wednesday, the People’s Daily reported this Thursday. Initiatives aim to attract foreign investment through a strengthened political environment and the expansion of the services trade sector. The government stressed …

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Austrian Economy Shrank by 10.7% in Q2

Wifo said on Thursday that the Austrian economy shrank by 10.7% in the second quarter, marking the largest contraction since World War II as the Corona pandemic hit domestic and foreign demand. Wifo, which is complies data for the government, said that the hardest hit sectors are retail, hotels, restaurants, …

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US Treasury Yields Mixed Following Fed’s Statement

The US Treasury yields showed mixed movements on Wednesday, following the Federal Reserve’s decision to maintain interest rates near zero, with the monetary policy statement vowing to maintain the current interest range until economic recovery is achieved. The benchmark 10-year Treasury bond yield declined 0.5 basis point (bps) to 0.576%. …

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