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16 February 2024
586 KB
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- Inflation in January: ending talk of a Fed pivot in the spring
- Housing starts: signs of revival in single-family housing
- Consumer sentiment: modest improvement tied to views on inflation
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15 February 2024
356 KB
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- Bunds followed USTs lower, while the euro area goods trade surplus rose in Q4 to its highest since Q121 despite a modest narrowing in December.
- Gilts made modest losses even as the UK’s economy slipped into recession in H223 and GDP per capita extended the longest run without growth since at least 1955.
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14 February 2024
303 KB
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- Bunds made gains even as euro area industrial production surprised significantly to the upside and employment growth picked up in Q4 despite flat GDP.
- Gilts made notable gains as UK inflation came in below expectations to move sideways in January, despite a modest uptick in services inflation.
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13 February 2024
277 KB
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- Bunds followed USTs lower, while an investor survey suggested a further deterioration in German economic conditions in Q1, but greater optimism about the coming six months.
- Gilts made more sizeable losses as UK pay growth exceeded expectations, while the unemployment rate fell to an eleven-month low.
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13 February 2024
381 KB
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- CPI: a jump in core spurred by a surge in service prices
- The January CPI reduces further odds of a rate cut before the June FOMC meeting
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9 February 2024
338 KB
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- Euro area govvies made losses as December industrial production surprised on the upside in Italy, Ireland and the Netherlands, while final German inflation estimates confirmed a moderation in goods inflation but a slight uptick in services in January.
- Gilts also made losses on a quiet end to the week for top-tier UK data.
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9 February 2024
595 KB
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- CPI revisions: modest changes; decelerating trend remained intact
- Forecasters’ inflation expectations: anchored at two percent
- The U.S. budget outlook: dire with little hope for near-term course correction
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7 February 2024
252 KB
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- Bunds made modest losses today as comments by ECB Executive Board member Schnabel pushed back on expectations for an early rate cut, even as German IP contracted at an accelerated pace.
- Gilts made losses as BoE Deputy Governor Breeden reiterated the MPC’s message that more evidence of receding inflation was needed before cutting interest rates.
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