Market Commentary

Sunrise market commentary KBC Sunrise Tuesday, September 24, 2024 Please click here to read the PDF version Market Commentary Markets •          Horrible European PMI business confidence (September) triggered a textbook bull steepening. German rates dropped between -2.8 (30-yr) and -8.1 (2-yr) bps. The spread between the 10-yr and 2-yr hit Read more…

KBC Sunset KBC Sunset Monday, September 23, 2024 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          Its going from bad to worse with the EMU economy. According to the Flash PMI, activity contracted in September for the first time since February. The headline composite Read more…

Sunrise market commentary KBC Sunrise Monday, September 23, 2024 Please click here to read the PDF version Market Commentary Markets •          Sterling was among the outperformers on currency markets last Friday. The British pound excelled on significantly stronger than expected August retail sales after an already bumper July. EUR/GBP’s downside Read more…

KBC Sunset KBC Sunset Friday, September 20, 2024 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          Main potential market movers already hit the screens this morning before the start of European dealings with the BOJ policy decision and the UK consumer data. The BOJ Read more…

Sunrise market commentary KBC Sunrise Friday, September 20, 2024 Please click here to read the PDF version Market Commentary Markets •          Wednesday’s bumper 50 bps Fed kick-off yesterday resulted in a further steeping of the US curve, with the short end still challenging recent lows. The intraday price dynamics was Read more…

KBC Sunset KBC Sunset Thursday, September 19, 2024 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          The Bank of England left its policy rate unchanged at 5% in a 8-1 majority vote. Swati Dhingra dissented in favour of a 25 bps rate cut, on Read more…

Sunrise market commentary KBC Sunrise Thursday, September 19, 2024 Please click here to read the PDF version Market Commentary Markets •          We’re finally here. The US Fed took a first, bold step in paring back monetary restrictiveness after keeping rates steady for more than a year. The decision to cut Read more…

KBC Sunset KBC Sunset Wednesday, September 18, 2024 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          Focus this morning briefly turned from this evening’s Fed meeting to tomorrow’s BoE policy decision following August UK CPI data. The report was almost exactly in line with Read more…

Sunrise market commentary KBC Sunrise Wednesday, September 18, 2024 Please click here to read the PDF version Market Commentary Markets •          August US retail sales were supposed to provide final input yesterday as investors concluded their positioning going into today’s Fed policy decision. Overall the report was marginally stronger than Read more…

KBC Sunset KBC Sunset Tuesday, September 17, 2024 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          US August retail sales served as some final input for tomorrow’s pivotal Fed meeting in a trading session that was otherwise simply the waiting game part 2. The Read more…