Markets Are Less On Edge As The Darkest Scenarios Seem Less Likely

Nov. 16, 2022 8:00 AM ETFXA, FXC, CYB, EROTF, ULE, EUO, FXE, FXY, JYNFF, YCL, YCS, FXF, FXB, GBBEF, UUP, USDU, UDN
Marc Chandler profile picture
Marc Chandler
15.4K Followers

Summary

  • The market wants to believe that the more focused zero-Covid efforts are really a pivot, even though Chinese officials deny it and virus cases are surging.
  • The Spanish government has been negotiating with banks for two months about giving some relief to households facing acute difficulty in servicing their mortgages.
  • The softer PPI was seen as a confirmation that US inflation has turned.

Financial technology concept. Fintech. Electronic money. Cryptocurrency. Global finance. Foreign exchange. FOREX.

metamorworks

Overview: The situation in central Europe is still intense but it appears top US, European, and Polish officials are more reluctant than some market participants to attribute the darkest of intentions and paint extreme narratives. The Polish zloty has recovered around 1.3% today

This article was written by

Marc Chandler profile picture
15.4K Followers
Marc Chandler has been covering the global capital markets in one fashion or another for 25 years, working at economic consulting firms and global investment banks. A prolific writer and speaker he appears regularly on CNBC and has spoken for the Foreign Policy Association. In addition to being quoted in the financial press daily, Chandler has been published in the Financial Times, Foreign Affairs, and the Washington Post. In 2009 Chandler was named a Business Visionary by Forbes. Marc's commentary can be found at his blog (www.marctomarket.com) and twitter www.twitter.com/marcmakingsense

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