-
5 March 2021
225 KB
PDF
- Employment: respectable job growth; unemployment inches lower.
- International trade: modest widening in the deficit.
Share
-
5 March 2021
503 KB
PDF
- Bunds largely made further modest losses while data showed that German factory orders and French goods trade grew at the start of the year.
- Gilts made losses while the aforementioned French trade data illustrated the hit to UK exports in January from the end of the Brexit transition.
Share
-
4 March 2021
884 KB
PDF
Share
-
4 March 2021
346 KB
PDF
- Bunds made gains as euro area data confirmed a drop in retail sales at the start of the year, ongoing weakness in construction but continued stability in the labour market.
- Gilts also made gains while UK car registrations fell to their weakest February level since 1959 but construction activity picked up.
Share
-
3 March 2021
382 KB
PDF
- Euro area government bonds followed USTs lower as the February services and composite PMIs were revised up but German car production and sales data disappointed.
- Gilts made losses as the UK Government announced near-term fiscal support for the economy before tightening in two years’ time, and gave an environmental objective for the BoE’s monetary policy.
Share
-
3 March 2021
155 KB
PDF
- ISM services: moderate easing from firm readings.
Share
-
2 March 2021
353 KB
PDF
- While ECB Executive Board member Panetta called for action to resist a steepening of the yield curve, the latest German economic data were soft, and Chancellor Merkel was reportedly seeking a further extension of most current German lockdown restrictions, Bunds made only modest gains.
- Gilts made significant gains ahead of tomorrow’s UK Budget statement.
Share
-
1 March 2021
311 KB
PDF
- U.S. economy: on track in Q1.
- Fiscal and monetary support: perhaps excessive.
Share