Tuesday, 23 May 2023 Please click here to read the PDF version Markets • The Fed’s two biggest hawks yesterday coloured trading which until then turned out to be non-directional. Kashkari from the Minneapolis Fed said it’s a close call between a pause and a hike in June, adding that Read more…
Sunset Monday, May 22, 2023 Daily Market Overview Click here to read the PDF-version of this report. Markets • Markets struggled for direction. A backloaded calendar is at least part of the reason. First up are European, British and US PMI business confidence indicators. They’ll gain much attention as the May edition Read more…
Monday, 22 May 2023 Please click here to read the PDF version Markets • US Treasuries and German Bunds parted ways on Friday after a joint 10 bps surge the day before. Yields in the US still rose between 1.3-4.8 bps with the belly underperforming. They easily overcame a setback Read more…
Wednesday, 17 May 2023 Please click here to read the PDF version Dear reader, There will be no KBC Economics-Markets reports on Thursday, May 18 and Friday, May 19. We resume our publications on Monday, May 22. Markets • US treasuries extended their underperformance against German Bunds yesterday as some Read more…
Sunset Tuesday, May 16, 2023 Daily Market Overview Click here to read the PDF-version of this report. Markets • There was a mild risk-off vibe at the European start this morning. Stocks slid 0.4% and core bond yields eased several bps in the US and Germany. But sentiment improved gradually and equities Read more…
Tuesday, 16 May 2023 Please click here to read the PDF version Markets • Fed speakers show growing divergence on how to proceed with monetary policy. Atlanta Fed Bostic (non-voter) is inclined to pause at the June meeting, but he confirmed that the committee is still out on the issue. Read more…
Sunset Monday, May 15, 2023 Daily Market Overview Click here to read the PDF-version of this report. Markets • There was little hard eco news to guide markets at the start of the week. In its spring forecasts, the European Commission raised its forecasts for EMU growth to 1.1% for 2023 and Read more…
Monday, 15 May 2023 Please click here to read the PDF version Markets • May University of Michigan consumer confidence unexpectedly set the tone for the final WS trading session of last week. The headline indicator fell more than expected, from 63.5 to 57.7, the lowest level since July of Read more…
Sunset Friday, May 12, 2023 Daily Market Overview Click here to read the PDF-version of this report. Markets • UK markets apparently needed some time to let yesterday’s Bank of England meeting outcome sink in. Another 25 bps rate hike was accompanied by similar hawkish guidance that more could follow should inflation be Read more…
Friday, 12 May 2023 Please click here to read the PDF version Markets • A dovish global sentiment dominated trading in the run-up to the Bank of England meeting. The UK central bank as expected raised its policy rate by 0.25% to 4.5%. Two members out of nine still preferred Read more…