The Economy A special commentary on Germany’s Constitutional Court ECB decision. Unemployment spikes in the US and Canada. The BoE is watchfully on hold. German and Italian industrial production plunges. Wages for part time employees take a hit in Japan. The RBA on hold but expands eligible collateral for repo operations.
The Market A risk-on week despite some nasty macro data. Broad equity gains on reopening expectations. Bond yields widen a little. The dollar creeps a bit higher. A big gain for oil.