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Sunrise market commentary KBC Sunrise Monday, July 29, 2024 Please click here to read the PDF version Market Commentary Markets • Core bonds finished higher last Friday. US Treasury yields were unable to build on Thursday’s Q2 GDP intraday rebound. The release of some economic data including personal income & Read more…
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KBC Sunset KBC Sunset Friday, July 26, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • Markets finally took a breather this morning after recent sharp risk-off repositioning especially in equities and interest rates. However, it doesn’t feel as if a sharp, sustained countermove Read more…
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Sunrise market commentary KBC Sunrise Friday, July 26, 2024 Please click here to read the PDF version Market Commentary Markets • The IT-driven risk-off initially supported a classic safe haven run on core bonds yesterday. German yields at some point lost another 5-7 bps. However, equities gradually found a bottom Read more…
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KBC Sunset KBC Sunset Thursday, July 25, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • Risk off quickly spread from the US yesterday to Asian and later European dealings today. Triggered by AI/tech companies on Wall Street yesterday, the equity sell-off broadened in Read more…
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Sunrise market commentary KBC Sunrise Thursday, July 25, 2024 Please click here to read the PDF version Market Commentary Markets • Market focus yesterday initially was on the PMI releases. Later sentiment turned sharply risk-off even as there was no outright link between both storylines. EMU PMI’s (50.1 from 50.9) Read more…
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KBC Sunset KBC Sunset Wednesday, July 24, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • Monthly PMI’s were the headline story on global markets. EMU surveys at least were no happy reading. The composite EMU HCOB PMI declined from 50.9 to 50.1 suggesting Read more…
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Sunrise market commentary KBC Sunrise Wednesday, July 24, 2024 Please click here to read the PDF version Market Commentary Markets • In a session with few important data core bonds remained well bid, Bunds outperforming Treasuries. German yields declined between -11.6 bps (2-y, benchmark change) and -4.5 bps (30-y) in Read more…
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KBC Sunset KBC Sunset Tuesday, July 23, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • Another empty daily calendar left investors to their own devices with central bank meetings in Hungary (-25 bps to 6.75%, as expected) and Turkey (unchanged at 50%, cfr. Read more…
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Sunrise market commentary KBC Sunrise Tuesday, July 23, 2024 Please click here to read the PDF version Market Commentary Markets • US President Biden stepping out of the presidential election race dominated press/market headlines yesterday. Still, the direct impact on global trading was modest after all. For now, the Read more…
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KBC Sunset KBC Sunset Monday, July 22, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • Biden’s dropout from the presidential race grabbed most of the headlines today, if only because there was basically no other news to report. He and many other Democrats Read more…