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Sunrise market commentary KBC Sunrise Wednesday, December 18, 2024 Please click here to read the PDF version Market Commentary Markets • Retail sales for November were solid on face value though the details offered a more balanced picture. That was enough to cap the intraday rise in US yields. Net Read more…
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KBC Sunset KBC Sunset Tuesday, December 17, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • Relative market calm this morning was already disturbed sooner than expected by the publication of the UK labour market data. The unemployment rate remained unchanged at 4.3% and Read more…
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Sunrise market commentary KBC Sunrise Tuesday, December 17, 2024 Please click here to read the PDF version Market Commentary Markets • Yesterday’s PMI releases in Europe and the US confirmed the ongoing divergence in growth on both sides of the Atlantic, cementing market expectations on similar divergence in Fed and Read more…
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KBC Sunset KBC Sunset Monday, December 16, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • Slightly better-than-expected December EMU PMI’s showed business activity decreasing for the second month running. The rate of contraction was slower than in November though (49.5 from 48.3). A Read more…
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Sunrise market commentary KBC Sunrise Monday, December 16, 2024 Please click here to read the PDF version Market Commentary Markets • German and EMU yields on Friday initially only showed minor gains, but finally extended the rebound that gradually developed earlier last week. US yields added 5.4 bps (2-y) to Read more…
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KBC Sunset KBC Sunset Friday, December 13, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • European yields and the euro today gained minor further ground after succeeding an intraday reversal yesterday after the ECB 25 bps cut (to 3.0%). First post-meeting comments from Read more…
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Sunrise market commentary KBC Sunrise Friday, December 13, 2024 Please click here to read the PDF version Market Commentary Markets • The ECB yesterday stuck with its 25 bps easing pace, even though a larger step (50 bps) was briefly discussed. Updated inflation forecasts back the gradual approach. They were Read more…
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KBC Sunset KBC Sunset Thursday, December 12, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • The ECB as expected lowered the policy rates by 25 bps to 3% (deposit). The ECB will no longer reinvest some of the maturing PEPP bonds, allowing for Read more…
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Sunrise market commentary KBC Sunrise Thursday, December 12, 2024 Please click here to read the PDF version Market Commentary Markets • November US CPI data came in bang in line with consensus. Monthly growth of 0.3% for both the headline and the core series resulted in annual readings of respectively Read more…
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KBC Sunset KBC Sunset Wednesday, December 11, 2024 Daily Market Overview Click here to read the PDF-version of this report Markets • Today’s November US CPI inflation numbers convinced final doubters that the Fed would stick to the plan set out in the September dot plot and lower rates by Read more…