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6 February 2024
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- Bunds ended the day a touch higher as the surge in German factory orders in December reflected one-off bulk purchases, while the downtrend in core orders was maintained.
- Following some dovish comments from certain BoE policymakers, Gilts made gains as a UK retail survey suggested a soft start to the year for consumer spending.
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6 February 2024
333 KB
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- Banco Latinoamericano de Comercio Exterior S.A. (Bladex) was incorporated in 1978 following a proposal of 23 central banks and government institutions from Latin America & the Caribbean (Latam).
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5 February 2024
556 KB
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- January employment: robust payroll growth; benchmark revisions had little effect on recent trends
- Household data: suggestive of ongoing tight labor market conditions
- Wage growth: strong, but likely influenced by inclement weather
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5 February 2024
269 KB
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- Bunds followed USTs lower even as German goods export and imports fell sharply and euro area PPI inflation remained firmly in negative territory in December.
- Gilts also made losses, while revised ONS labour force survey results saw a lower than previously estimated UK unemployment rate but also a weaker employment rate.
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1 February 2024
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- Shorter-dated Bunds made losses, while longer-dated Bunds made gains as the flash estimates for euro area inflation edged lower in January to extend the disinflationary trend but unemployment remained at a series low.
- Gilts made gains as the BoE removed the tightening bias from its policy statement, but suggested more evidence was required before cutting rates as it forecast only a gradual return to its inflation target.
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1 February 2024
266 KB
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- FOMC: policy rate maintained at a range of 5.25 to 5.50 percent, but statement abandoned its explicit tightening bias
- Powell's press conference: focused on sustainable return to two percent inflation; path of policy contingent on incoming data; March pivot is not the Committee's "base case"
- Quantitative tightening: currently on track in its current permutation; more in-depth discussion of balance-sheet policy to occur in March
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31 January 2024
344 KB
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- Employment cost index: moderation in compensation costs in Q4
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31 January 2024
291 KB
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- Bunds followed USTs sharply higher as the flash January German and French inflation estimates moderated a touch more than expected, while German retail sales fell to the lowest level since February 2021.
- Gilts also followed the global trend higher, even as the UK Nationwide house price report pointed to further stabilisation at the start of 2024.
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