Businesses expected the US labour market to start showing a solid recovery, but the January report came out weak, with a significant downgrade over the previous two months. To compensate for the shock it was necessary to use «heavy artillery» in the form of Janet Yellen. Treasury Secretary said the...

The market flash mob of retail traders united by WallStreetBets and Robinhood led to cumulative losses for all hedge funds in January of approximately $75 billion, of which $10 billion was in GameStop stock. Among the victims are Citron, Melvin Capital Management, Maplelane Capital, D1 Capital Part...

So … Eurozone EU leaders held a video summit to discuss the situation with the pandemic. New strains of coronavirus amid a shortage of vaccines have led to a discussion about the need to close external and internal borders, but so far they have only agreed to tighten quarantine measures. Today...

Trump's worst show, «Make America Great Again», will close the day after tomorrow, although for some participants this business project has become very profitable. The 45th President of the United States will leave the office and the «three-ring circus» factor will not affect the markets. The US Sen...

Trump tried to play all-in with a minimum of trump cards but immediately lost. Crowd, instigated by president, went to storm the shrine of American democracy, completely shutting off their brains and not realizing consequences of their actions. Those who hooligans in the Capitol on January 6 are now...

We believe that the main market drivers this year will be: Implementation (and re-integration) of international agreements; Change in US tax policy; The pace of economic recovery; Aggressive policy of central banks. Changing Trump's adventurism to Biden's traditional policies sh...

World is undergoing an unprecedented shock. Pandemic has already claimed more than 1.76 million lives and resulted in the loss of tens of millions of jobs. The situation has so far returned to normal only in China and in some countries of Southeast Asia. Mass vaccination has officially begun in the ...

Let's start with the most significant event: USA The leaders of the US Congress nevertheless decided that «better a lean peace than a fat victory» and formalized a compromise on a stimulus package ($900 billion) aimed at eliminating the consequences of the pandemic. Mutual claims were overcom...

Europe The ECB decided to increase the size of the PEPP program by €500 billion (to €1.85 trillion) and extended its validity until March 2022, and reinvestment until the end of 2023. In addition, the terms of lending on TLTRO have become more loyal, the number of auctions and PELTRO operations...

The November report on the US labour market came out worse than forecast (confirmed the baseline scenario), although the drop in unemployment levels partially offset the negative. In terms of the upcoming Fed decision, this report is not bad enough to increase and not good enough to reduce the size ...