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8 March 2024
336 KB
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- January employment: solid but previous data revised notably lower
- Average hourly earnings: moderation after a weather-influenced jump in January
- Other employment data: suggestive of easing in previously tight labor market conditions
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7 March 2024
297 KB
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- Bunds made gains as the ECB revised down significantly its inflation outlook and Lagarde signalled that the June meeting was live for a first rate cut.
- Gilts made losses as a BoE survey reported little improvement in firms’ inflation expectations, while wage growth was also expected to remain above rates consistent with inflation returning to target.
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6 March 2024
284 KB
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- Bunds were little changed on the day as euro area retail sales remained subdued and a construction sector survey remained consistent with contraction.
- Gilts made gains as the UK Chancellor resisted political pressures and announced a relatively modest fiscal easing that should have little impact on the BoE’s forthcoming monetary policy decisions.
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5 March 2024
275 KB
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- Bunds followed USTs higher as euro area producer prices fell again and French industrial production data disappointed.
- Gilts also made gains as a UK retail survey pointed to weak sales in February.
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1 March 2024
385 KB
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- Bunds closed little changed on the day as the flash estimates of euro area headline and core inflation in February surprised slightly on the upside but maintained their downtrends.
- Gilts also ended the day little changed even as the Nationwide UK house price index rose on a year-on-year basis for the first time in 13 months.
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1 March 2024
525 KB
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- Economic activity: on track in Q1, although off the firm pace in 23-Q4
- ISM manufacturing: a disappointing read on the factory sector
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29 February 2024
290 KB
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- Bunds made gains as the flash February inflation estimates from several euro area member states remained consistent with disinflation while data for German retail sales, jobless claims and underlying negotiated wages all in on the soft side.
- Gilts also made gains as data showed that UK households again made a net repayment of their housing debt even as new mortgage approvals continued to recover.
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29 February 2024
387 KB
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- PCE price index: high-side reading in January
- Real consumer spending: likely on track in Q1 despite dip in January
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