29 September 2022
Emily Nicol
,
Chris Scicluna
- German inflation likely rose in September to a new high due principally to the expiration of the Summer discounting measures but also the ongoing upwards trend in food prices
- But Spanish inflation fell back much more than expected due principally to lower electricity prices
- Commission survey likely to add to evidence of loss of euro area growth momentum at the end of the summer
Share
28 September 2022
Chris Scicluna
,
Emily Nicol
- German and French consumer confidence plunges to record lows; German income expectations also slump to the lowest since the series began in the early 1990s
- US pending home sales could buck the recent downwards trend in August, while goods trade deficit might well worsen amid a rebound in imports of consumer goods
Share
26 September 2022
Chris Scicluna
,
Emily Nicol
- While far more stable than Gilts, Italian spreads widen after right-wing coalition on track for majorities in both houses of parliament
- Japanese flash PMIs flag ongoing challenges
- Flash euro area inflation estimates (due Friday) expected to report that the headline HICP rate jumped in September
Share
23 September 2022
Chris Scicluna
,
Emily Nicol
- The flash euro area PMIs are set to imply contraction in economic activity at the end of Q3
- GfK consumer confidence survey suggests that UK households have never been so downbeat
- UK government set this morning to deliver a mini-budget and present its new growth strategy of unfunded tax cuts
- Sunday’s Italian election to place populist nationalist Meloni at head of right-wing coalition
Share
22 September 2022
Chris Scicluna
,
Emily Nicol
- As expected, the SNB raises rates by 75bps to leave the BoJ the only central bank with a negative policy rate
- BoE set to raise rates today by at least 50bps and confirm the start of active Gilt sales later this month
- Fed hikes by 75bps as expected, but signals a higher terminal fed funds rate than previously suggested, above 4½%
Share