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18 August 2023
315 KB
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- Bunds made gains across the curve as the final euro area inflation data for July confirmed the drop in headline inflation to an 18-month low and that summer holiday-related prices contributed to the stickiness of core inflation.
- Gilts made gains as UK retail sales fell further than expected in July.
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18 August 2023
532 KB
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- Powell on the docket at Jackson Hole
- The housing market: difficulties likely to persist
- Is firm consumer spending about to slow?
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16 August 2023
301 KB
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- Bunds made gains as data confirmed that the pace of decline in euro area industrial production accelerated in Q2 while employment growth moderated.
- Gilts made further losses as UK inflation data for July suggested that core price pressures persist as the services component picked up again.
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15 August 2023
288 KB
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- Retail sales: firm spending with a notable contribution from online shopping
- Results suggest a pickup in Q3 consumer spending from the 1.6 percent pace in Q2
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15 August 2023
279 KB
PDF
- Bunds made losses as the ZEW survey suggested that investors are a touch less downbeat about the German economic outlook even though they have a highly negative assessment of current conditions.
- Gilts made losses as UK pay growth significantly exceeded expectations despite other evidence of a loosening of labour market conditions.
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14 August 2023
407 KB
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- Italy windfall tax softened after announcement caused market volatility
- Primary market activity in the summer break surprised with a number of senior trades among FIGs as well as subordinated trades from high quality Swedish and French issuers
- Secondary market spreads were mostly wider for EUR and USD affected by market moves from the surprise Italian bank tax announcement. The Tier 2 segment remained robust and improving the most, encouraging further issuance
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11 August 2023
310 KB
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- Gilts made big losses as UK GDP growth in Q2 surprised on the upside.
- Bunds followed Gilts lower on a relatively quiet day for euro area economic data.
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11 August 2023
540 KB
PDF
- Inflation: encouraging signs in July
- Housing services: a disinflationary tailwind
- Inflation expectations: well grounded
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