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Sunrise market commentary KBC Sunrise Thursday, September 12, 2024 Please click here to read the PDF version Market Commentary Markets • US yields finished 0.3 bps (30-yr) to 4.6 bps (2-yr) higher yesterday in a volatile session. The (trade-weighted) dollar approaches first resistance at 101.92/102 (101.68 close). EUR/USD came within Read more…
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KBC Sunset KBC Sunset Wednesday, September 11, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • US August inflation is another piece for the Fed’s puzzle next week. Headline CPI rose again and as expected by 0.2% M/M with the Y/Y-figure slowing as anticipated Read more…
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Sunrise market commentary KBC Sunrise Wednesday, September 11, 2024 Please click here to read the PDF version Market Commentary Markets • Momentum changed yesterday from the US opening as core bonds steamed ahead. The move was triggered by another sudden drop in oil prices. Brent crude prices opened around $72/b, Read more…
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KBC Sunset KBC Sunset Tuesday, September 10, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets Spotting significant market moves is like looking for a needle in a haystack today. We give it our best shot anyway by diving into a bumper bond sale taking Read more…
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Sunrise market commentary KBC Sunrise Dinsdag, September 10, 2024 Please click here to read the PDF version Market Commentary Markets • This week’s opening session can be easily classified. Risk sentiment improved somewhat after last week’s beating with key European and US stock markets gaining slightly under/over 1%. That doesn’t Read more…
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KBC Sunset KBC Sunset Monday, September 9, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • Friday’s payrolls were soft but not that weak for markets to be sure that the Fed will start its easing cycle with a 50 bps step next week. Read more…
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Sunrise market commentary KBC Sunrise Monday, September 9, 2024 Please click here to read the PDF version Market Commentary Markets • More volatility: yes. More certainty on the outcome of next week’s Fed meeting: no. Friday’s nonfarm payrolls couldn’t settle the rate cut size debate (25 bps vs 50 bps). Read more…
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KBC Sunset KBC Sunset Friday, September 6, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • August nonfarm payrolls to settle the debate once and for all… Or not. The US economy added 142k jobs in August, compared to 165k consensus. Most other metrics Read more…
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Sunrise market commentary KBC Sunrise Friday, September 6, 2024 Please click here to read the PDF version Market Commentary Markets • The ADP job report yesterday produced the same price action seen in the wake of the US manufacturing ISM and US job openings. A below-consensus 99k for August and Read more…
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KBC Sunset KBC Sunset Thursday, September 5, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • The message from the July Fed meeting and even more from Chair Powell’s Jackson Hole address marked a U-turn in the Fed’s assessment. The focus shifted from taming Read more…