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17 November 2023
379 KB
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- While the broad-based decline in euro area inflation in October was confirmed, shorter-dated Bunds followed UST slightly lower.
- Gilts made gains as UK retail sales fell well short of expectations and started Q4 on the backfoot.
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17 November 2023
504 KB
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- Updated Fed call: FOMC likely done hiking rates; no pivot expected until mid-2024
- Key economic data: slowing in inflation and some softening in labor market
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16 November 2023
374 KB
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- Unemployment claims: upward drift in insured unemployment claims
- Industrial production: strike activity weighed on manufacturing
- Housing market index: plunge in November
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15 November 2023
334 KB
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- Retail sales: sluggish start to Q4
- PPI: decline in October led by a drop in energy prices
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15 November 2023
335 KB
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- Bunds followed USTs lower despite some very weak euro area industrial production data, which confirmed a fourth successive quarterly contraction in Q3.
- Gilts also made losses even as UK inflation fell sharply in October to a two-year low below the BoE’s recent projection.
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15 November 2023
323 KB
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- Surge in profitability driven by higher lending income
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14 November 2023
336 KB
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- Bunds followed USTs higher despite signs of ongoing resilience in the euro area’s labour amid weakening economic momentum and signals from a German investor survey of some stabilisation in the outlook.
- Gilts also made gains as UK labour market data signalled a loss of momentum in wage growth and a further decline in job vacancies.
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10 November 2023
373 KB
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- Bunds made losses as ECB President Lagarde noted in an interview that a cut in interest rates was unlikely in the next couple of quarters.
- Gilts made losses as UK GDP data exceeded downbeat expectations, but merely suggested that economy moved sideways in Q3.
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