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31 March 2022
156 KB
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- PCE inflation: food and energy under pressure; some easing in core.
- Income & consumption: soft in February; Q1 still firm.
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31 March 2022
607 KB
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- Bunds rallied as Chief Economist Lane emphasised that the ECB should be ready to adjust policy in either direction in response to events in Ukraine, French and Italian core inflation remained well-contained, and German and French spending data were relatively soft.
- Despite an upwards revision to UK GDP and further strong house price data, Gilts also made gains as real household disposable income fell for a third consecutive quarter in Q4.
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30 March 2022
143 KB
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- Revised GDP: downward adjustments to consumer spending and net exports.
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30 March 2022
743 KB
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- While ECB President Lagarde acknowledged the risks to the economic outlook from events in Ukraine, euro area government bonds made big losses, particularly at the short end of the curve, as the flash estimates of German and Spanish inflation in March significantly beat expectations.
- Gilts made more moderate losses, despite a rise to a decade high in a measure of UK high-street inflation.
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29 March 2022
416 KB
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- Amid greater optimism for negotiations between Russia and Ukraine, Bunds made sizeable losses – 2Y yields briefly edged above zero for the first time since 2014 – despite a marked deterioration in consumer confidence.
- Gilts also made losses even as the strongest monthly increase in UK consumer credit in five years reflected lower credit card repayments.
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28 March 2022
154 KB
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- International trade in goods: slight improvement in Feb, but still marked slippage in Q1.
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25 March 2022
754 KB
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- Bunds followed Treasuries lower, despite a marked deterioration in German business and Italian consumer confidence in March.
- Gilts also made losses despite some weaker-than-expected UK retail sales and slump in consumer confidence.
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25 March 2022
307 KB
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- Forecast update: avoiding recession.
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