03 November 2022
Chris Scicluna
,
Emily Nicol
- UST yields higher and USD stronger as Fed Chair Powell signals a higher terminal rate for the fed funds rate, despite the subtle hint of a slower pace of future hikes in the FOMC statement
- BoE expected to raise rates by 75bps amid ongoing concerns about domestically-generated inflation
- Euro area unemployment rate likely to remain at a series low
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02 November 2022
Chris Scicluna
,
Emily Nicol
- German jobless claims set to rise for the fifth consecutive month in October despite record employment level
- UK shop prices increase at the fastest monthly pace since the BRC survey began in 2005 amid ongoing supply-side pressures
- Fed widely expected to raise the FFR target range by 75bps for the fourth consecutive meeting to 3.75-4.00%
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31 October 2022
Chris Scicluna
,
Emily Nicol
- Japanese IP declined in September as autos production went into reverse
- Chinese PMIs disappointed in October as tight Covid restrictions continued to weigh on activity
- German retail sales beat expectations in September but downwards trend still in play
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28 October 2022
Emily Nicol
,
Chris Scicluna
- Tokyo core inflation surges to highest rate since 1989 due to higher prices of processed food and services
- Initial estimates of inflation in October in the euro area member states are decidedly mixed, with big upside surprises in France and Germany’s largest state
- Contrary to expectations of a contraction, German GDP grew 0.3%Q/Q in Q3; French and Spanish GDP slowed to 0.2%Q/Q in Q3
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27 October 2022
Chris Scicluna
,
Emily Nicol
- German consumer confidence improves very slightly, although remains close to historically weak levels
- CBI distributive trades survey likely to signal ongoing weakness in UK retail sales at the start of Q4
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