ING Economic and Financial Analysis

Your daily roundup of commodities news and ING viewsEnergyThe oil market came under further pressure yesterday. ICE) Brent settled more than 7% lower on the day, which left it to close below...

A 75bp hike by the Fed in July is almost certain. This is also the case in Canada today after New Zealand delivered 50bp this morning. Elsewhere, EUR/USD remains at risk of a break below parityUSD:...

The looming energy crisis in Europe is grabbing investors’ attention but markets cannot dismiss a hawkish Fed. For now, the ingredients are in place for further widening of USD-EUR rates...

Your daily roundup of commodities news and ING viewsEnergy Oil prices have come under a bit of pressure in early morning trading in Asia today. NYMEX WTI is trading down around 1% at the time of...

EUR/USD is trading a touch above parity, having reached a 1.0006 low yesterday. A break below parity looks more likely than a rebound, in our view, and if we do see such a technical break, an...

Recession fears have injected much needed two-way risks in rates markets. Inflation swaps suggest expectations are anchored, but swaptions betray a record low degree of conviction. Together, they...

Have market rates peaked? We are getting close, but are not seeing a conclusive message that the top is in just yet. Inconsistent curve dynamics and the sharpest sell-off in two decades mean the bond...

EnergyThe oil market came under pressure with the rest of the commodities complex yesterday. ICE Brent traded as low as US$107.03/bbl at one stage. Growing fears over a recession have weighed on risk...

High energy prices and interest rates worldwide may push Norges Bank to accelerate the pace of tightening and hike by 50bp today, lifting the krone—which, however, remains vulnerable to the...

UK inflation has edged a touch higher to 9.1%, helped by another chunky rise in food prices, along with another 2% increase in fuel costs.We’d previously tentatively said that inflation looked...

Fed chair Jerome Powell’s testimony, if it confirms recent themes in Fed communication, will likely push rates higher and flatten the yield curve. Despite the growing focus on recession risk,...

The oil market continues to be driven by external influences, reflecting the lack of fresh fundamental catalysts. Oil prices have resumed their sell-off in early morning trading today. A more...

Recession fears are growing as central bankers slow demand to curb inflation. Pro-cyclical currencies are on the back foot and the dollar remains very much in demand. These trends should remain in...

Since the recovery from the financial crisis, nominal wage growth in the eurozone has been sluggish. This is often attributed to weaker trade unions. But wage growth in real terms is higher now than...

Markets ignoring French election results suggests that their fear of monetary tightening supersedes other drivers. The ECB has managed to cap sovereign spreads for now, but questions remain about its...

EnergyThe oil market managed to eke out a small gain yesterday, amid thinner volumes due to the holiday in the US. There is little in the way of strong fundamental catalysts driving the market at the...