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20 May 2022
297 KB
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- Consumers: cutting back on food and gasoline; active elsewhere
- Supply chains: new disruptions, but narrowly based
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19 May 2022
416 KB
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- As Governing Council members stated their preference for “gradual normalisation”, Bunds followed USTs higher even as the account of the ECB’s latest policy meeting underscored the likelihood of a first ECB rate hike in July and further hikes thereafter.
- Gilts were little changed as a UK industrial survey was more upbeat than expected.
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18 May 2022
154 KB
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- Housing starts: single-family activity fell, but multi-family surged.
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18 May 2022
495 KB
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- Longer-dated Bunds made gains, as the final estimates of euro area inflation in April was revised down slightly but still confirmed a broadening of price pressures with headline and core measures at series highs.
- Longer-dated Gilts also made modest gains as UK inflation avoided an upside surprise, albeit rising to a four-decade high amid increased prices of energy, food and core items.
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17 May 2022
488 KB
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- Bunds made sizeable losses as euro area GDP was revised higher in Q1, and was accompanied by solid employment growth.
- Gilts also made large losses as the UK labour market tightened further and labour earnings accelerated despite weakening economic growth.
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17 May 2022
232 KB
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- Retail sales: vehicle sales jump; a solid performance excluding autos and gasoline
- Industrial production: broad-based gains
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13 May 2022
576 KB
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- As several ECB policymakers again made the case for tighter monetary policy, Bunds reversed a sizeable share of yesterday’s gains despite confirmation of a big drop in euro area industrial output in March.
- Gilts also made sizeable losses as UK unit labour cost growth at the end of last year appeared to be above the BoE’s comfort zone.
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13 May 2022
300 KB
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- Consumer inflation: hints of easing in April, but the underlying rate remains brisk
- Recession risks: economists are hopeful for a soft landing
- The federal budget: a revenue surge in April
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