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13 July 2022
522 KB
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- After strong US CPI data, Bunds followed USTs lower while euro area IP figures beat expectations, a French survey suggested modest GDP growth in Q2, and final German inflation figures for June confirmed the drop caused by temporary policy measures.
- Gilts were little changed as UK GDP data for May beat expectations but the underlying trade deficit reached a new record high.
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12 July 2022
468 KB
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- Bunds made further big gains as investors signalled increased pessimism about the economic outlook amid increased concerns about energy supply.
- Gilts also made sizeable gains as a survey signalled further weakness in UK retail sales in June.
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8 July 2022
198 KB
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- Employment: slowing growth in recent months, but still firm
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8 July 2022
309 KB
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- June employment: easing recession fears; private sector fully recovered (sort of)
- Inflation expectations: high on the Fed’s watch list
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7 July 2022
550 KB
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- Bunds made significant losses as German industrial production rose for a second successive month thanks to stronger autos output, and the account of the ECB’s first June policy meeting made clear that a desire for gradual normalisation should not be interpreted as slow rate hikes in small steps.
- While a BoE survey signalled a further rise in business inflation expectations, Gilts made modest losses as Johnson at last announced his willingness to step down as Prime Minister.
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7 July 2022
154 KB
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- International trade: slight improvement in Q2, but still-wide deficit
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6 July 2022
447 KB
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- Bunds made gains as data for euro area retail sales and German factory orders remained consistent with a downward trend in spending on goods.
- Gilts made losses as two BoE policymakers repeated that rates might be hiked at a faster pace over coming months, while Boris Johnson’s time as Prime Minister finally appeared about to end.
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6 July 2022
224 KB
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- ISM services: moderate growth, but headwinds from labor shortages and elevated prices
- JOLTS: softer job openings and quits, but still elevated
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