30 September 2022
Chris Scicluna
,
Emily Nicol
- UK external current account improves in Q2 but deficit remains very large by historical standards
- French inflation in September undershoots expectations, but Dutch inflation skyrockets
- Japanese IP beat expectations in August as the impact of easing supply chain disruption eased
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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
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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
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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
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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
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