Market Commentary

KBC Sunset KBC Sunset Thursday, October 17, 2024 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          The ECB’s unanimous back-to-back rate cut brought the deposit rate to 3.25% today. This third rate reduction came earlier than analysts and the ECB itself expected in the Read more…

Sunrise market commentary KBC Sunrise Thursday, October 17, 2024 Please click here to read the PDF version Market Commentary Markets •          Core bonds eked out some gains yesterday ahead of the ECB meeting and US data including retail sales and jobless claims scheduled for release today. Bunds outperformed Treasuries with Read more…

KBC Sunset Wednesday, October 16, 2024 Daily Market Overview Click here  to read the PDF-version of this report Markets •          EUR/GBP spiked from 0.8325 to 0.8375 following September UK inflation numbers, but the euro isn’t strong enough these days to profit from GBP-weakness. Even as UK yields drop 8 bps (30-yr) Read more…

KBC Sunrise Wednesday, October 16, 2024 Please click here to read the PDF version Market Commentary Markets •          Dutch chipmaker ASML sent shockwaves through the broader equity market yesterday. In its earnings report that it accidentally published one day ahead of schedule, Europe’s high-profile tech company cut the outlook for Read more…

KBC Sunset KBC Sunset Tuesday, October 15, 2024 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          The release of labour market data kicked off a triptych of key UK data that should help clarify whether the time is right for the BoE to move Read more…

Sunrise market commentary KBC Sunrise Tuesday, October 15, 2024 Please click here to read the PDF version Market Commentary Markets •          Fed governor Waller was the sole highlight of yesterday’s uninspiring, holiday-thinned (Columbus Day in the US) start of the trading week. The man touted as current chair Powell’s successor Read more…

KBC Sunset KBC Sunset Monday, October 14, 2024 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          Chinese stock markets eventually closed 2% to 3% higher, giving the benefit of the doubt to further steps to support the property sector and hints at greater borrowing Read more…

Sunrise market commentary KBC Sunrise Monday, October 14, 2024 Please click here to read the PDF version Market Commentary Markets •          The US yield curve finished last week with a little steepening. Net daily changes varied between -0.2 bps (2-yr) to +5.2 bps (30-yr), underpinned by second-tier data including decelerating Read more…

KBC Sunset KBC Sunset Friday, October 11, 2024 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          It’s more of the same today in absence of big events. Slightly below-consensus US PPI data only very briefly triggered a bid in US Treasuries which continued their Read more…

Sunrise market commentary KBC Sunrise Friday, October 11, 2024 Please click here to read the PDF version Market Commentary Markets •          US September inflation printed hotter than expected and contained some important hawkish details such as rising food prices and accelerating supercore services inflation (to an annualized 3mMA of around Read more…