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19 January 2024
526 KB
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- Q4 GDP: A firm performance ahead of slowdown in 2024
- Qualitative data: often volatile, but useful in assessing economic momentum
- Consumer sentiment: a favorable turn?
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18 January 2024
279 KB
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- Bunds made gains at the short end but losses further out as the ECB's account of its December policy meeting noted the intention to push against market rate-cut expectations but the downtrend in euro area construction activity continued.
- Gilts made notable gains even as a UK housing survey offered some signs of stabilisation at the turn of the year, with a notable improvement in sales expectations.
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17 January 2024
331 KB
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- Retail sales: firm in to year-end
- IP: downward drift since the fall; a pickup in auto production offset weakness in manufacturing ex. autos
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17 January 2024
345 KB
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- Bunds made losses even as data confirmed that euro area inflation momentum moderated significantly in December.
- Gilts made big losses as UK inflation exceeded expectations, but nevertheless continued to undershoot the BoE’s projection.
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16 January 2024
271 KB
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- While an ECB survey reported a significant drop in consumer inflation expectations, Bunds made losses as a German survey suggested that investors are more upbeat about the economic outlook.
- Gilts ended the day little changed even as private sector pay growth continued to slow ahead of the BoE’s expectations.
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15 January 2024
268 KB
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- As certain hawkish ECB Governing Council members tried to downplay the prospect of rate cuts before the summer, Bunds made losses even as data reported a fifth drop in euro area IP in six months in November and a decline in German GDP in Q4.
- Gilts made smaller losses on a quiet day for UK economic news.
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12 January 2024
339 KB
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- Bunds opened higher due to events in the Red Sea and subsequently followed USTs to make further gains, even as French consumer spending data beat expectations.
- Despite a rebound in monthly UK GDP in November, Gilts also made gains as economic output continued to trend lower on a three-month basis.
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12 January 2024
535 KB
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- 2024 U.S. economic outlook: sluggish performance with mild contraction possible
- Inflation: additional progress in 2024, but return to two-percent not yet assured
- Monetary policy: pivot contingent on additional easing in inflation
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