Market Commentary

KBC Sunset KBC Sunset Friday, February 14, 2025 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          Weak January US retail sales triggered a rally in US Treasuries going into the long weekend with US markets closed on Monday in celebration of President’s Day. Headline Read more…

Sunrise market commentary KBC Sunrise Friday, February 14, 2025 Please click here to read the PDF version Market Commentary Markets •          US yields easily returned most of Wednesday’s rise incurred after stronger than expected January CPI data. The move is telling on the current market positioning/assessment. The ‘correction’ started after Read more…

KBC Sunset KBC Sunset Thursday, February 13, 2025 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          President Trump once again took center stage today. It started off with a call with Russian president Putin which blindsided both European and Ukrainian officials. Trump and Putin Read more…

Sunrise market commentary KBC Sunrise Thursday, February 13, 2025 Please click here to read the PDF version Market Commentary Markets •          ‘Great progress’, ‘We’re close but not there on inflation’, ‘We don’t get excited about one or two good readings, and we don’t get excited about one or two bad Read more…

KBC Sunset KBC Sunset Wednesday, February 12, 2025 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          Today’s trading session was a long-drawn countdown to the US January inflation data. If anything, the drift in EMU yields still was cautiously north. ECB board member Elderson Read more…

Sunrise market commentary KBC Sunrise Wednesday, February 12, 2025 Please click here to read the PDF version Market Commentary Markets •          Fed Chair Powell’s appearance before the Senate Banking Committee yesterday didn’t yield much clues on (changes in) monetary policy in the Trump 2.0 era. The Fed Chair understandably stuck Read more…

KBC Sunset KBC Sunset Tuesday, February 11, 2025 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          Bear steepening of yield curves is the main – and only -expression of the new step-up in trade threats. US President Trump is preparing universal (except for Australia) Read more…

Sunrise market commentary KBC Sunrise Tuesday, February 11, 2025 Please click here to read the PDF version Market Commentary Markets •          Yesterday US president Trump’s ‘announcement policy’ on tariffs continued to dominate market headlines as the president indicated that he was preparing broad-based tariffs of 25% on steel and aluminum. Read more…

KBC Sunset KBC Sunset Monday, February 10, 2025 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          US President Trump’s latest salvo of tariffs left global markets largely unfazed. It suggests they are either calling his bluff (having Canada and Mexico in mind) or are Read more…

Sunrise market commentary KBC Sunrise Monday, February 10, 2025 Please click here to read the PDF version Market Commentary Markets •          Friday’s US payrolls solidified the Fed view that it can sit back and wait as the US economy is in a good place. Headline US job growth at 143k Read more…