ING Economic and Financial Analysis Analysis

Switzerland’s Solid Recovery Is Set To Weaken Significantly By ING Economic and Financial Analysis - Mar 03, 2022

Swiss GDP continued to recover in the fourth quarter of 2021, concluding a very strong year. The fundamentals for growth were strong in early 2022, but the war in Ukraine is clouding the outlook. The...

Russian Uncertainty Leads To Drastic Changes In Oil outlook By ING Economic and Financial Analysis - Mar 02, 2022

The importance of Russia to oil markets Russia is a key player in global oil markets. Oil output in 2021 averaged 10.52MMbbls/d, making it the third-largest producer, behind only the US and Saudi...

Fed’s Powell Confirms March Lift-Off By ING Economic and Financial Analysis - Mar 02, 2022

March hike on its way, but no preset pathThe Federal Reserve has released Chair Jerome Powell’s semi-annual testimony to the House Financial Services Committee, and in it, he confirms the...

New Inflation Highs Heap Pressure On The Fed By ING Economic and Financial Analysis - Feb 10, 2022

US consumer price inflation came in a fair bit stronger than expected in January, rising 0.6% month-on-month/7.5% year-on-year with core (ex food and energy) at 0.6%/6.0%. The consensus was for...

FX Daily: More Tightening Coming Through By ING Economic and Financial Analysis - Feb 09, 2022

USD: Some Short-Lived SofteningEquity markets are enjoying a short period of calm as 4Q earnings reports continue to come in. Despite the US 'tech-wreck', other sectors of the equity markets are doing...

FX: Many Drivers, No Clear Direction By ING Economic and Financial Analysis - Feb 08, 2022

USD: Post-NFP Market Environment Should Favor US Dollar Recovery The week in foreign exchange has started with some unconventional moves, as some lingering fragility in US tech stocks (following a...

ECB: One Size Fits Increasingly Well By ING Economic and Financial Analysis - Feb 08, 2022

Inflation rates are diverging more than ever, but mostly due to energy pricesAfter last Thursday, the European Central Bank looks a lot closer to normalizing or tightening policy. What you hear a lot...

The Commodities Feed: Sentiment Remains Bullish By ING Economic and Financial Analysis - Feb 07, 2022

Energy The oil market finished off last week strongly. ICE (NYSE:ICE) Brent managed to settle above US$93/bbl, up around 3.6% over the week. The prompt ICE Brent spread has also continued to see...

EUR/USD Positioning Close To Neutral Before ECB By ING Economic and Financial Analysis - Feb 07, 2022 1

No Recovery In USD Positioning CFTC FX positioning shows that the net aggregate USD positioning versus reported G10 currencies (i.e. G9 excluding NOK and SEK) continued to decline in the week ending...

Guide To Central Banks And The Race To Hike Rates By ING Economic and Financial Analysis - Feb 06, 2022

Several central banks have taken a decidedly more hawkish stance over the past couple of months. Our economists look at what's likely to come next.US Federal ReserveHawkish commentary from Fed Chair...

The Eurozone’s Recovery Is Hitting A Soft Patch By ING Economic and Financial Analysis - Feb 06, 2022

The eurozone recovery is hitting a soft patch on the back of Omicron and high energy prices, but it should gain speed again from the second quarter onwards. The more lasting inflation story is pushing...

U.S. Growth To Rebound As Omicron Caution Fades By ING Economic and Financial Analysis - Feb 06, 2022

The steep fall in mobility and consumer spending in December and January reflects COVID caution and threatens economic contraction in the first quarter. But as the Omicron wave passes, strong...

Hawkish Bank Of England Raises Rates And There’s Surely More To Come By ING Economic and Financial Analysis - Feb 03, 2022

Anything the Fed can do, the Bank of England can do better.That’s the central takeaway from the BoE’s February meeting. Not only did policymakers hike rates to 0.5%, kick-starting the...

Rates Spark: Get Used To Positive Yields By ING Economic and Financial Analysis - Feb 03, 2022

Rates markets are inclined to see the economic glass as half full. Wednesday's Eurozone core CPI could add to the bond market’s torments. Whether or not Lagarde leans against 2022 hike...

Rates Spark: The Inflation Scare Returns By ING Economic and Financial Analysis - Feb 02, 2022

German inflation has given financial markets another headache on top of Fed and Bank of England tightening this year. Core bonds are at the epicenter of the market reaction but stress could quickly...

Eurozone GDP Continued To Grow In Q4 Despite Omicron By ING Economic and Financial Analysis - Feb 01, 2022

The quarterly growth rate of 0.3% proved the resilience of the eurozone economy. While Omicron, inflation, and supply chain disruptions continue to weigh on expansion in the current quarter, we...

Our Guide To Bank Of England’s Quantitative Tightening By ING Economic and Financial Analysis - Feb 01, 2022

For all the recent talk of the Fed and ‘quantitative tightening’, it’s the Bank of England that’s poised to lead the charge on reducing the size of its balance sheet. Starting...