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KBC Sunset KBC Sunset Friday, December 13, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • European yields and the euro today gained minor further ground after succeeding an intraday reversal yesterday after the ECB 25 bps cut (to 3.0%). First post-meeting comments from Read more…
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Sunrise market commentary KBC Sunrise Friday, December 13, 2024 Please click here to read the PDF version Market Commentary Markets • The ECB yesterday stuck with its 25 bps easing pace, even though a larger step (50 bps) was briefly discussed. Updated inflation forecasts back the gradual approach. They were Read more…
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KBC Sunset KBC Sunset Thursday, December 12, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • The ECB as expected lowered the policy rates by 25 bps to 3% (deposit). The ECB will no longer reinvest some of the maturing PEPP bonds, allowing for Read more…
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Sunrise market commentary KBC Sunrise Thursday, December 12, 2024 Please click here to read the PDF version Market Commentary Markets • November US CPI data came in bang in line with consensus. Monthly growth of 0.3% for both the headline and the core series resulted in annual readings of respectively Read more…
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KBC Sunset KBC Sunset Wednesday, December 11, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • Today’s November US CPI inflation numbers convinced final doubters that the Fed would stick to the plan set out in the September dot plot and lower rates by Read more…
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Sunrise market commentary KBC Sunrise Wednesday, December 11, 2024 Please click here to read the PDF version Market Commentary Markets • German Bunds outperformed US Treasuries and UK Gilts yesterday as we approach final policy meetings of respective central banks which are set to widen their diverging views. The ECB Read more…
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KBC Sunset KBC Sunset Tuesday, December 10, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • EUR/GBP set a minor YTD low today at 0.8250. The move came as UK Gilts underperformed German Bunds. UK yields currently add 2.1 bps (2-yr) to 4.6 Read more…
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Sunrise market commentary KBC Sunrise Tuesday, December 10, 2024 Please click here to read the PDF version Market Commentary Markets • The Chinese Politburo’s directive changed risk sentiment at the start of European trading from slightly risk-off because of developments in Syria to mildly risk-on given the firm commitment to Read more…
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KBC Sunset KBC Sunset Monday, December 9, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • The Chinese Politburo’s announcement around the end of Asian dealings and the beginning of European ones was quite an opener of the trading week. Led by president Xi Read more…
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Sunrise market commentary KBC Sunrise Monday, December 9, 2024 Please click here to read the PDF version Market Commentary Markets • US November payrolls cemented the case for a 25 bps rate cut by the Fed. That scenario wasn’t completely discounted (70%) ahead of the numbers. While headline payrolls growth Read more…