November 2022

Sunset Wednesday, November 30, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • European inflation eased a little more than expected from 10.6% to 10% in November vs 10.4% expected. The downside surprise wasn’t really one after several national readings flagging the possibility of this to Read more…

Wednesday, 30 November 2022 Please  click here  to read the PDF version Markets •          First releases of EMU November CPI in several EMU members states fueled the debate whether or not EMU inflation has reached its peak. Spanish headline inflation dropped faster than expected (HICP -0.5% M/M and 6.6% Y/Y, Read more…

Sunset Tuesday, November 29, 2022 Daily Market Overview Click here to read the PDF-version of this report.   Markets • Have we seen the peak in headline (EMU) inflation? No, if we follow yesterday’s guidance by ECB Lagarde. Yes, if we look at today’s market reaction following some national inflation readings. Spanish inflation Read more…

Tuesday, 29 November 2022 Please  click here  to read the PDF version Markets •          In the absence of important eco data, the new China Corona outbreaks and central bank speak were the main drivers for trading yesterday. In the end, it turned out to be a risk-off session with US Read more…

Sunset Monday, November 28, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets •  Chinese mass protests over President Xi Jingping’s zero Covid-policy dominate today’s headlines. The rare civil unrest was triggered by a deadly apartment fire where pandemic control barriers etc hampered civil services to extinguish the Read more…

Monday, 28 November 2022 Please  click here  to read the PDF version Markets •          On Friday, US and European bond markets showed a divergent picture as US markets reopened after the Thanksgiving Holiday. US Treasuries continued to outperform. A disappointing US PMI released earlier last week only reinforced the view Read more…

Sunset Friday, November 25, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets •          The Thanksgiving interludium on global markets today continued. In this respect, today’s moves shouldn’t be overinterpreted. Still, especially EMU interest rates tentatively decoupled from recent markets dynamics. The jury is still out, but Read more…

Friday, 25 November 2022 Please  click here  to read the PDF version Markets •          Yesterday’s session was a short one with the US absent for Thanksgiving. European stock markets closed with gains between 0.4-0.8%. European/German bonds advanced in a catch-up move with a late-session UST rally the day before. ECB’s Read more…