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23 February 2023
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- Revised GDP: modest downward adjustment, led by softer consumer spending
- Price indexes: faster inflation than previously reported
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23 February 2023
668 KB
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- Despite an upwards revision to the January estimates of euro area inflation, Bunds made gains as ECB dove Panetta judged that the risks to the inflation outlook are now more balanced and thus justify smaller rate hikes.
- Despite typically hawkish commentary from MPC external member Mann, Gilts saw a mix of modest gains and losses as a UK survey offered a gloomy assessment of the outlook for retailers.
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22 February 2023
114 KB
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- FOMC minutes: officials encouraged by recent developments, but still hawkish
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21 February 2023
312 KB
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- Bunds made significant losses as the flash euro area PMIs beat expectations suggesting a rebound in economic activity.
- Despite a weak CBI industrial survey, Gilts made even more substantive losses as the flash UK also surprised significantly on the upside.
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17 February 2023
301 KB
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- Bunds reversed initial losses as hawkish commentary from ECB’s Schnabel was followed by cautions from BoF Governor Villeroy that recent market-implied interest expectations had been excessively volatile.
- Gilts made losses as UK retail sales beat expectations in January, albeit maintaining a downwards trend as households purchasing power continued to be eroded.
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17 February 2023
303 KB
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- Consumer prices: numerous “transitory” changes; still-brisk underlying pace
- Will slow money growth tame inflation?
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16 February 2023
226 KB
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- Housing starts: drops in both multi and single-family activity
- Producer prices: broad-based pressure
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15 February 2023
303 KB
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- Bunds followed USTs lower despite today’s data confirming the further retrenchment in euro area energy-intensive manufacturing production, as well as a slump in goods exports at the end of 2022.
- Gilts made sizeable gains as UK inflation surprised on the downside at the start of 2023, with core inflation down to the lowest rate since June.
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