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7 December 2021
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- While the ZEW survey suggested that investors have downgraded their assessment of current economic conditions, Bunds made losses as German industrial production jumped the most in 12 months.
- Gilts were little changed as a UK retail survey pointed to strong sales in November.
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6 December 2021
418 KB
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- Bunds made modest losses as German factory orders fell back sharply at the start of Q4 but turnover pointed to a rebound in industrial production.
- While BoE Deputy Governor Broadbent left the door open to a rate hike this month, Gilts made very modest gains.
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3 December 2021
224 KB
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- The labour market: modest job growth, but sharply lower unemployment.
- ISM services: further advance from an already record level.
- Factory orders: downside volatility in aircraft; otherwise.
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3 December 2021
781 KB
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- Longer-dated Bunds made gains as euro area retail sales maintained a broadly sideways trend but German auto production ticked higher.
- Gilts made gains across the curve as BoE external MPC member Michael Saunders acknowledged in an otherwise hawkish speech that Omicron uncertainty might justify not raising rates this month.
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3 December 2021
301 KB
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- Labour force participation: still lagging, but some upside potential.
- Chair Powell’s change of heart.
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2 December 2021
428 KB
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- As Chancellor Merkel, Chancellor-in-waiting Scholz and German regional leaders agreed new restrictions on unvaccinated people, Bunds made gains despite another record reading for euro area producer price inflation and a further fall in joblessness to its lowest since 2008.
- Gilts also largely made modest gains on a quiet day for top-tier UK data releases.
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1 December 2021
153 KB
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- ISM: slight improvement from an elevated level.
- Construction: soft residential; improvement in nonresidential.
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1 December 2021
473 KB
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- While German retail sales fell for the second consecutive month and French new car registrations were the weakest in any November since 1974, Bunds made losses while a Reuters report suggested the ECB might delay to February its decision on its asset purchases beyond March 2022.
- Gilts also made losses as a survey signalled the first positive rate of UK shop price inflation in 2½ years and house prices accelerated again.
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