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30 June 2022
574 KB
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- While French inflation rose to a new multi-decade high and euro area unemployment fell to a new series low, Bunds rallied as German unemployment rose and German retail sales remained soft.
- Gilts also rallied as data confirmed a further consecutive decline in UK real household disposable income and business surveys again pointed to soft momentum in June.
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29 June 2022
160 KB
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- Revised Q1 GDP: modest adjustment overall, but interesting shifts in components
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29 June 2022
494 KB
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- Bunds made large gains as German inflation unexpectedly declined in June, although equivalent data from Spain and Belgium surprised significantly on the upside.
- Gilts also made gains while a UK survey showed shop price inflation rising to the highest since 2008 as food prices jumped.
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28 June 2022
425 KB
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- While German consumer confidence fell to a post-reunification low, Bunds made significant losses as Christine Lagarde emphasised the need for the ECB to proceed with policy normalisation “in a sustained manner”.
- Gilts also made significant losses while Scotland’s First Minister announced plans to hold a new referendum on independence from the UK in October 2023, subject first to a judgement by the UK Supreme Court on its legality.
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28 June 2022
231 KB
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- International trade: improvement in May & Q2, but a still-wide deficit
- Consumer confidence: further deterioration in June
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27 June 2022
1039 KB
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- The EU Parliament could block inclusion of gas and nuclear in EU taxonomy with a simple majority vote, limiting pragmatic options for meeting decarbonisation targets
- Italy’s Banca Monte dei Paschi eyes standalone turnaround on the back of EUR2.5bn capital increase
- Issuer access to primary markets has been hampered by volatile conditions. Nevertheless, SSAs and FIGs managed to place deals in a variety of currencies and payment ranks last week
- Secondary EUR and USD market spreads widened on recession fears as further rate hikes loom
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27 June 2022
151 KB
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- Durable goods orders: nominal bookings advance
- Equipment spending likely drag on GDP growth in Q2
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24 June 2022
571 KB
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- Bunds made losses as Germany’s ifo survey signalled stable business conditions at the end of Q2 but growing expectations of recession ahead.
- Gilts also made losses even though UK retail sales fell to a 14-month low and consumer confidence hit a series low.
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