The Fed’s plan to begin unwinding its unprecedented backstop
of corporate debt is rekindling an idea that many have
warned about: that investors are now convinced that the
central bank will bail them out again if needed |
00:01 - 08/06/21 |
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Rising bond yields and a stronger euro give them ammunition
to argue that the ECB must do more to meet its pledge to
keep financing conditions favorable |
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Employment Miss Likely To Keep Fed Patient, And Support The
Cyclical Trade |
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Last week we saw an outperformance of European
stocks.
Chinese
stocks lost some ground again |
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Austrian residential real-estate prices rose at the fastest
pace since 2012 in the first quarter as the market continued
to recover from the impact of the coronavirus pandemic |
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