-
6 October 2023
303 KB
PDF
- Longer-dated Bunds followed USTs lower as German factory orders beat expectations.
- Gilts also made losses on a quiet end to the week for UK economic news.
Share
-
6 October 2023
513 KB
PDF
- Employment: strong payroll growth in September, albeit with caveats
- Labor market data keep open the prospect of a hike at the Oct/Nov FOMC meeting
- Wages: hints of moderation
Share
-
5 October 2023
291 KB
PDF
- Bunds made gains as data for German goods trade, and French and Spanish IP, as well as a euro area construction sector survey, were all consistent with weak economic momentum.
- Despite some hints of stickiness in business price and wage expectations, Gilts also made gains as the UK construction PMIs suggested a sudden significant deterioration in conditions in the sector.
Share
-
4 October 2023
310 KB
PDF
- Bunds made gains as euro area retail sales volumes fell further than expected in August and the region’s final services PMIs for September remained consistent with contraction in Q3.
- Gilts also largely made gains despite a sizeable upwards revision to the UK services PMI for September.
Share
-
2 October 2023
279 KB
PDF
- ISM manufacturing: below 50, but improving; prices contained
Share
-
2 October 2023
281 KB
PDF
- Bunds followed USTs lower as euro area unemployment fell to a series low in August.
- Gilts also made significant losses as the Nationwide’s UK house price index stopped falling in September.
Share
-
29 September 2023
398 KB
PDF
- Bunds rallied as the flash estimates of euro area inflation in September surprised on the downside while the latest German retail sales and French consumer spending data were also soft.
- Gilts made somewhat smaller gains as the level of UK GDP was revised up again and UK mortgage approvals fell to a six-month low.
Share
-
28 September 2023
306 KB
PDF
- Bunds made massive losses even as German inflation fell sharply to a two-year low and the Commission’s sentiment indicator slipped further to suggest contraction in euro area GDP in Q3.
- Gilts made even larger losses despite a quiet day for UK economic news.
Share