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18 October 2023
325 KB
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- While the broad-based drop in euro area inflation in September was confirmed and construction output remained on track for a drop in Q3, Bunds followed USTs lower.
- Gilts underperformed as UK CPI inflation failed to fall in September.
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17 October 2023
297 KB
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- Bunds followed USTs lower, while a German investor sentiment survey pointed to some stabilisation in the outlook.
- Longer-dated Gilts also made losses as UK labour market figures reported a decline in payrolls and a very gradual moderation in wage pressures.
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13 October 2023
317 KB
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- Bunds followed USTs higher, while euro area industrial production remained on track for a fourth consecutive quarterly decline in Q3 despite an increase in August.
- Gilts also made gains on a quiet day for UK economic releases.
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13 October 2023
515 KB
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- A firm CPI reading in September suggests more work ahead for the Fed
- Financial conditions: signs of tightening for consumers and small businesses
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12 October 2023
289 KB
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- Bunds followed USTs lower even as the account of the Governing Council’s September policy meeting suggested that the ECB tightening cycle is now highly likely to be at an end.
- While UK GDP data for August met expectations to be consistent with stagnation in Q3, and surveys reported a continued tightening of credit conditions and weakening in the housing market, Gilts also made losses.
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11 October 2023
269 KB
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- While an ECB survey reported a pickup in household inflation expectations, Bunds made gains at the longer end of the curve as the Middle East conflict intensified and final German inflation data for September confirmed a significant and broad-based easing of price pressures.
- Gilts outperformed as a survey suggested that UK wage pressures are moderating.
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11 October 2023
196 KB
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- FOMC: September minutes indicated that restrictive policy will be required for some time
- That said, comments by Fed officials this week suggest that recent developments could eliminate the need for additional rate hikes at upcoming meetings
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9 October 2023
257 KB
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- Bunds rallied as risk appetite fell following the attacks by Hamas on Israel, and German industrial production fell for a fourth successive month.
- Gilts also made significant gains on a quiet day for UK economic news.
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