Sunset Friday, March 10, 2023 Daily Market Overview Click here to read the PDF-version of this report. Markets • The developing Silicon Valley Bank story kept markets hostage and determined today’s reaction to the latest US payrolls release. Yesterday’s surprise announcement by SVB that it wanted to raise $2.25bn by issuing shares to Read more…
Friday, 10 March 2023 Please click here to read the PDF version Markets • Yesterday was supposed the be an interlude ahead of today’s payrolls with (higher than expected) US weekly jobless claims (211k from 190k) providing some ‘dovish’ distraction intraday. However, gradually the story of SVB financial, the owner Read more…
Sunset Friday, November 4, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • US October payrolls beat estimates. Job growth came in at 261k thanks to solid gains in education & health, leisure & hospitality and professional services. It followed an upwardly revised 315k in September. Wage Read more…
Sunset Friday, September 2, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • The US economy added 315k (vs 298k expected) jobs in August according to the payrolls report. A 107k downward revision to the previous two months’ data takes some shine off the headline figure. The Read more…
Sunset Friday, August 5, 2022 Daily Market Overview Dear reader, There will be no KBC Economics-Markets reports from Monday, August 8 to Friday, August 12. We resume our publications on Tuesday, August 16. *********************************************************************************************************** Click here to read the PDF-version of this report. Markets • Crushed it! The July US jobs report Read more…
Friday, 5 August 2022 Dear reader, There will be no KBC Economics-Markets reports from Monday, August 8 to Friday, August 12. We resume our publications on Tuesday, August 16. *********************************************************************************************************** Please click here to read the PDF version Markets • The Bank of England policy meeting was widely watched yesterday, Read more…
Friday, 8 July 2022 Please click here to read the PDF version Markets • ‘Reflation’ in the current context probably isn’t the right term. Even so, the risk rebound that started Tuesday in the US, continued. Eco data remain a bit inconclusive (jobless claims, trade data, challenger job cuts), but Read more…
Sunset Friday, June 3, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Trading in the run-up to the US payrolls release had a lot in common with Wednesday, when markets were snoozing until a stronger-than-expected manufacturing ISM brutally woke them up. Today perhaps was even Read more…
Friday, 3 June 2022 Please click here to read the PDF version Dear reader, There will be no KBC Economics-Markets reports on Monday, June 6. We resume our publications on Tuesday, June 7. Markets • The economic calendar yesterday focused on the US, with below-consensus ADP job growth and factory Read more…
Sunset Friday, April 1, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Investors were relatively cautious to place strong directional bets at the start of the new quarter. There was no follow-through price action on yesterday’ risk-off move. Or was it simply an end of Read more…