ING Economic and Financial Analysis

Slowdown in economic growth in most European economiesEconomic and geopolitical uncertainties, combined with higher interest rates, are likely to soften economic growth in Europe this year. Both...

The dollar jumped yesterday as investors started to return from the long Christmas break. Markets are unwinding some dovish bets, and questioning stretched equity valuations, ultimately favoring...

Energy – Oil starts the year weaker Metals – Gold starts 2024 on a strong footing Agriculture – Indian sugar output falls Energy – Oil starts the year weaker The oil market...

The Bank of Japan did not give in to market pressure and kept its dovish guidance intact. However, the wording on the economic and inflation outlook paves the way for a hike in the second quarter in...

The Bank of Japan kept its major policy settings unchanged and made no changes to its forward guidance, pushing the yen down against the dollar. But we think the shift in tone is clear and major...

The positive sentiment following the Fed’s comments continued yesterday, with energy and metals trading in green. As for metals, new sanctions by the UK on Russian metals combined with positive...

The dollar is recovering some ground after the pushback from Fed officials against rate-cut bets. However, the dovish Dot Plot may work as an anchor for rates and keep the dollar soft into the end of...

US: Dovish shift in the Fed's policy stance has seen Treasury yields fall sharplyThe dovish shift in the Federal Reserve's policy stance has seen Treasury yields fall sharply and the dollar sell off...

Energy – IEA estimates softer oil demandICE (NYSE:ICE) Brent has been firm this morning after finishing yesterday with gains of more than 3% to US$76.6/bbl on positive broader sentiment in the...

As the dust settles after a furious period for central bank meetings we are left to conclude that European policymakers have chosen to push back more than the Fed when it comes to what the market...

By Benjamin SchroederWhat a week it's been. Central bank anticipation first. Then, evidence of a holiday party at the Fed. Followed by failed attempts from Frankfurt and London to poop that party. But...

Energy – OPEC expects a tighter oil market Metals – Dovish comments from the Fed push gold higher Agriculture – Argentina peso devaluation weighs on grains Energy – OPEC...

In a somewhat surprising move, the Fed has acknowledged recent disinflation trends and poured gasoline on the fire of easing expectations for 2024. The news has understandably been greeted by global...

Chair Powell validates the move from 5% to 4% on the 10yr yield ECB to push back against early cut expectations BoE likely reiterate rates will stay restrictive for an extended period Today’s...

Energy: EIA increases supply estimates for 4Q23 Metals: Peru copper output rises Agriculture: Coffee quality premium shrinks Energy: EIA increases supply estimates for 4Q23Crude oil prices retreated...

By Benjamin SchroederMarket expectations of policy easing for the next year are about to get tested tonight with the Federal Reserve likely to signal that there is still a job to get done. Yesterday's...