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10 August 2022
427 KB
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- Bunds followed USTs higher, while final German national inflation data confirmed a slight easing in July thanks to temporary support measures. A Bank of France survey suggested that output was stable at the start of Q3.
- Longer-dated Gilts also made modest gains on a quiet day for UK economic data releases.
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9 August 2022
349 KB
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5 August 2022
488 KB
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- Bunds followed USTs lower today, while German IP data suggested an underwhelming performance in June. French IP surprised on the upside, but Italian industrial output slumped.
- Gilts also made large losses, after a UK survey pointed to softer job demand in July while suggesting that supply shortages kept starting salaries high.
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5 August 2022
198 KB
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- Employment growth: still robust
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5 August 2022
300 KB
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- (Weak GDP) + (Strong Employment) = Dreadful Productivity
- Recession or No Recession?
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4 August 2022
154 KB
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- International trade: improvement in June and Q2…
- …but only partial offset to slippage in Q1
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4 August 2022
552 KB
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- While the BoE raised Bank Rate by 50bps and increased substantially its near-term inflation forecasts, Gilts made gains as the MPC forecast a recession ahead.
- Bunds also made gains as German factory orders maintained a downwards trend and the construction PMIs signalled a steeper pace of decline.
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3 August 2022
505 KB
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- Bunds followed the global trend lower, while euro area retail sales fell in June to be a drag on GDP growth in Q2 and the final euro area composite PMI remained in contractionary territory despite an upwards revision.
- Gilts also made losses, even as the UK services PMIs signalled a more significant slowdown at the start of Q3 than initially implied.
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