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26 October 2023
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- While the ECB left interest rates unchanged, Bunds made gains as President Lagarde’s tone in her post-meeting press conference was more dovish than of late, acknowledging that recent hikes are being increasingly felt in the real economy.
- Gilts also made gains as a survey suggested that UK retail sales were weak at the start of Q4.
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26 October 2023
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- Black Sea Trade and Development Bank
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26 October 2023
289 KB
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- Q3 GDP: robust growth led by consumer spending and inventory investment
- Inflation gauges: firm increase in the GDP price index, but moderate advance in the core PCE index
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25 October 2023
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- Bunds followed USTs lower as a German business survey defied expectations of a further decline but remained consistent with unfavourable conditions, while lending to euro area firms and households continued to slow.
- Gilts also made losses on a day bereft of top-tier UK data.
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24 October 2023
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- Bunds made gains as the flash euro area PMIs flagged rising recession risks, German consumer confidence fell amid deteriorating income expectations and the ECB bank lending survey signalled a larger than expected decline in loan demand.
- Gilts also made gains as the flash UK PMIs remained consistent with modest contraction at the start of Q4, while employment declined over the summer.
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20 October 2023
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- Bunds made gains as German producer price inflation fell to a new record low and German exports to non-EU countries posted the steepest annual drop for more than three years.
- Gilts also made more modest gains as UK retail sales fell further than expected in Q3 and consumer confidence deteriorated at the start of Q4.
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20 October 2023
536 KB
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- Q3 GDP: strong performance anticipated
- Consumer spending, net exports, and inventory investment to drive firm headline
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19 October 2023
257 KB
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- Bunds ended the day little changed, while a French survey reported a broad-based deterioration business sentiment at the start of Q4.
- Despite a quiet day for UK economic news, longer-dated Gilts made modest losses.
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