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27 August 2020
377 KB
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- After ECB Chief Economist Lane stated that the performance of the euro area economy over the summer had been broadly as expected and the Governing Council stood ready to add stimulus, Bunds were relatively immune to the significant weakening in USTs that followed Powell’s Jackson Hole speech.
- Gilts were dragged lower by USTs despite some weak UK car production figures.
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27 August 2020
243 KB
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- Powell at Jackson Hole: the Philips curve has died, or is at least in a coma
- Q2 GDP: inconsequential upward revision
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26 August 2020
151 KB
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- Durable goods orders: brisk advance led by motor vehicles
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25 August 2020
377 KB
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- Bunds and other euro area government bonds made significant losses as the latest German ifo survey signalled ongoing economic recovery.
- Gilts also followed USTs lower despite a weaker-than-expected UK retail sector survey.
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25 August 2020
239 KB
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- New home sales: vigorous
- Consumer confidence: a surprising drop
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21 August 2020
681 KB
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- Bunds made modest gains as the flash euro area PMIs fell short of expectations and signalled a loss of recovery momentum.
- Gilts also made gains even as the UK’s composite PMI rose to a seven-year high and the level of retail sales returned back above the pre-pandemic peak.
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21 August 2020
713 KB
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- The housing market: recovering briskly
- Covid: hitting essentially all economies, although wide variation in degree
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20 August 2020
358 KB
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- Bunds made gains as concerns about coronavirus infections continued to mount, while the ECB’s account suggested that the Governing Council would be in a better position to reassess the policy stance next month.
- Gilts also made modest gains on a quiet day for UK economic releases.
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