macro economics

KBC Sunset KBC Sunset Tuesday, October 22, 2024 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          Markets initially followed a similar scenario yesterday. Even as there was little in the way of hard economic news, US and EMU yields tried a next step north. Read more…

Sunrise market commentary KBC Sunrise Tuesday, October 22, 2024 Please click here to read the PDF version Market Commentary Markets •          US yields closed this week’s opening session 8.3 bps (2-yr) to 11.3 bps (10-yr) higher. For the US 2-yr yield, it was the highest close since mid-August and above Read more…

KBC Sunset KBC Sunset Monday, October 21, 2024 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          Core bonds are dropping at the start of the week and no one really knows why. It’s obviously not the constructive risk environment. European stocks shed about 1% Read more…

Sunrise market commentary KBC Sunrise Monday, October 21, 2024 Please click here to read the PDF version Market Commentary Markets •          European yields Friday continued a gradual bull steepening in the aftermath of the ECB policy decision. In first post-meeting comments, policymakers evidently held to a data dependent approach. However, Read more…

KBC Sunset KBC Sunset Thursday, October 17, 2024 Daily Market Overview Click here  to read the PDF-version of this report   Markets •          This morning the ‘official’ ONS UK September retail sales for the second consecutive month beat expectations by quite a substantial margin. Headline sales rose by 0.3% M/M and Read more…

Sunrise market commentary KBC Sunrise Friday, October 18, 2024 Please click here to read the PDF version Market Commentary Markets •          Second tier US economic data outgunned yesterday’s ECB meeting. Strong retail sales, lower-than-expected weekly jobless claims and a sharp rebound in the Philly Fed business outlook sparked a test Read more…

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…