Quotes from Unicredit Inflation expectations in the euro area reached multi-week highs across all maturities, although momentum is slowing and we think directional movements will now largely depend on future oil-price an…
Inflation expectations in the euro area reached multi-week highs across all maturities, although momentum is slowing and we think directional movements will now largely depend on future oil-price and exchange-rate momentum.
Overall, it appears unlikely that services PMIs will be compelling enough to fuel much price action in EGBs prior to the ECB meeting.
The spillover from the US is also expected to remain moderate for the time being. In USTs, pressure is likely to continue due to upcoming labor market releases.
In this regard, we do not refer solely to Friday's labor market report but also to today's ADP data as well as next Monday's JOLT and NFIC releases. Finally, Greece sells EUR 875mn of 6M bills today.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
