-
21 February 2024
254 KB
PDF
- Bunds followed USTs lower, even as the Commission’s flash consumer confidence survey saw only a modest improvement in February.
- Gilts also made losses as the latest UK public finances data flagged additional fiscal headwind and reinforced expectations that tax cuts will be announced in the Budget next month.
Share
-
20 February 2024
265 KB
PDF
- Bunds followed USTs higher even as the ECB’s measure of negotiated wage growth moderated only slightly in Q4 to be still more than double the long-run average, while euro area construction output unexpectedly rose in December.
- Gilts also made gains on a quiet day for UK economic releases.
Share
-
16 February 2024
586 KB
PDF
- Inflation in January: ending talk of a Fed pivot in the spring
- Housing starts: signs of revival in single-family housing
- Consumer sentiment: modest improvement tied to views on inflation
Share
-
15 February 2024
356 KB
PDF
- Bunds followed USTs lower, while the euro area goods trade surplus rose in Q4 to its highest since Q121 despite a modest narrowing in December.
- Gilts made modest losses even as the UK’s economy slipped into recession in H223 and GDP per capita extended the longest run without growth since at least 1955.
Share
-
14 February 2024
303 KB
PDF
- Bunds made gains even as euro area industrial production surprised significantly to the upside and employment growth picked up in Q4 despite flat GDP.
- Gilts made notable gains as UK inflation came in below expectations to move sideways in January, despite a modest uptick in services inflation.
Share
-
13 February 2024
277 KB
PDF
- Bunds followed USTs lower, while an investor survey suggested a further deterioration in German economic conditions in Q1, but greater optimism about the coming six months.
- Gilts made more sizeable losses as UK pay growth exceeded expectations, while the unemployment rate fell to an eleven-month low.
Share
-
13 February 2024
381 KB
PDF
- CPI: a jump in core spurred by a surge in service prices
- The January CPI reduces further odds of a rate cut before the June FOMC meeting
Share
-
9 February 2024
338 KB
PDF
- Euro area govvies made losses as December industrial production surprised on the upside in Italy, Ireland and the Netherlands, while final German inflation estimates confirmed a moderation in goods inflation but a slight uptick in services in January.
- Gilts also made losses on a quiet end to the week for top-tier UK data.
Share