ING Economic and Financial Analysis

Oil prices are set to finish this week higher as hopes for an imminent ceasefire between Russia and Ukraine fade. Energy Oil prices moved higher yesterday as the initial enthusiasm over progress...

The EU and the US have just released the so-called 'Framework Agreement', offering more binding details on the arrangement reached four weeks ago in Scotland This framework agreement on “Reciprocal,...

The small increase in the composite PMI from 50.9 to 51.1 indicates that the eurozone economy continues to weather global storms quite well. Improvements in new orders and increased hiring add to a...

The release of the July FOMC minutes failed to move the needle on the US dollar story. What is interesting is the continued strong performance of Chinese assets, with the benchmark CSI 300 equity...

The FOMC minutes seem to be from a different time, pre the payrolls revisions; but can still embolden Powell on Friday. Gilt yields came down on the day of hotter CPI numbers suggesting a possible...

In a quiet week for FX markets, the dovish rate cut from the Reserve Bank of New Zealand overnight shows the importance of spare capacity in the economy as the central bank looks through a short-term...

ICE has decided again not to include the EU bonds in its sovereign indices, sending EU speads wider. In the broader context EU bonds are still part of a considerable smaller AAA-universe since the...

Sterling liquidity conditions have remained broadly stable since the start of this year. A likely slowdown of QT and a strong uptake of liquidity facilities limit the draining of bank reserves. Money...

Liquidity circumstances are ample currently, but bank reserves are primed to fall in the coming months, likely re-tightening conditions. There is value in market repo versus the Fed's reverse repo...

The European Central Bank (ECB) easing cycle could end soon, which has helped bring down volatility of some money market spreads. The balance sheet continues to shrink, and while still a long...

Yesterday’s summit in Washington resulted in a clearer roadmap for peace talks and some openness about security guarantees from the US. But the euro was offered as news flowed, perhaps on the view...

US Treasuries traded heavily on Monday, on a day of complexities and different crosswinds that make interpretation tough. Bunds remain a good, safe asset to hide for any US-driven turmoil, which can...

Oil prices are lower this morning following Trump-Zelensky talks, with focus now turning to a possible meeting between the Ukrainian leader and Russian President Putin Energy – Oil Markets Look Ahead...

Despite the Western press describing Friday’s meeting as a ’failure’, financial markets are continuing to trade like there could be some – still undetermined – path to peace. Benign conditions look...

Oil opened lower this morning amid reduced concerns over tougher sanctions against Russia following the Trump-Putin summitEnergyIt’s unsurprising to see oil trading lower this morning following...

In our latest live webinar, our team followed up this week’s all-important inflation release by sharing their thoughts on the Federal Reserve’s rate cut trajectory, the consensus in...