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18 November 2022
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- Economic forecasters: hoping for a soft landing
- Inflation expectations: still contained in the long run; creeping up in the short run
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17 November 2022
475 KB
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- Despite a slight downwards revision to euro area inflation in October, Bunds followed the global trend lower.
- Gilts also made losses as the UK government’s fiscal update suggested that the lion’s share of its planned fiscal consolidation will be back-loaded to after the next election.
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16 November 2022
490 KB
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- Bunds made large gains while Bank of France Governor Villeroy noted that while further tightening was likely, jumbo rate hikes will not become the norm.
- Gilts also rallied, even as UK inflation beat expectations jumping to its highest rate since 1982.
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16 November 2022
233 KB
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- Retail sales: solid activity
- Industrial production: stalling
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15 November 2022
490 KB
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- Longer-dated Bunds followed USTs higher, as data confirmed that euro area GDP and employment growth slowed in Q3, but Germany’s ZEW investor survey surprised on the upside in November.
- Gilts also made gains despite UK data suggesting a very tight labour market amid rising inactivity and an acceleration in underlying wage growth.
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11 November 2022
810 KB
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- Bunds reversed much of yesterday’s gains as the German government approved additional net issuance in 2023 and October’s CPI inflation data confirmed a post-reunification high.
- Gilts also made losses as UK Q3 GDP beat expectations, but nevertheless still confirmed contraction for the first quarter in six.
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10 November 2022
151 KB
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- CPI: cooling in some hot areas
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8 November 2022
410 KB
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- Bunds followed USTs higher, even as the German government announced plans to more than double its net issuance in 2023 to €45bn.
- Shorter-dated Gilts made losses as BoE Chief Economist Pill reiterated that further monetary tightening was required with ‘risks in the UK economy tilted towards more inflation’.
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