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Note: August CPI & July wages will be published by the September BoE meeting. September CPI & August wages will be published by the November BoE meeting Markets have reappraised the Bank of...
Energy: China’s crude oil imports slow ICE (NYSE:ICE) Brent slipped from highs yesterday and has been trading weak in the morning session today as the focus shifts back to demand-side...
Energy – Ukrainian drone attacks on Russian oil tankers ICE (NYSE:ICE) Brent settled above US$86/bbl on Friday as tensions in the Black Sea region increased further after Ukraine declared...
USD: CPI and quarterly refunding will be the highlights Friday's release of a mixed US July jobs report was enough to deliver some calm to the US bond market. Recall that the sharp sell-off at the...
Energy – Saudi extends oil output cuts for September Metals – Chinese steel mill inventories fall Agriculture – Ukraine revises up grain crop estimates Energy – Saudi extends...
USD: Time to re-focus on Fed pricing? EUR: Stabilising GBP: A hawkish 25bp hike by the BoE CZK: CNB formally ended the FX intervention regime USD: Time to re-focus on Fed pricing? US bonds remained...
USD: Tracking Treasuries Wednesday's session was all about the US bond market and the sell-off at the long end of the curve. US 30-year Treasury yields were briefly 15bp higher. And far from the...
Energy: European economic data helps sentiment ICE (NYSE:ICE) Brent maintained the positive trend yesterday and settled at a fresh three-month high of US$85.6/bbl on supply-side risks combined with...
Codelco has lowered its copper production guidance for the year due to production disruptions that could tighten the market. Meanwhile, copper inventories at LME and SHFE remain low: Energy: EU gas...
US: Business surveys expected to show a further contraction in manufacturing activityWe now have the best part of two months until the next Federal Reserve meeting, with the market seemingly content...
A 25bp hike looks likely in August Welcome news on UK inflation has taken a fair amount of pressure off the Bank of England to repeat the 50 basis point rate hike it implemented in June. Services...
Energy – Oil marches higher Having struggled to break convincingly above US$80/bbl over the last week or so, Brent settled above US$82/bbl yesterday and in doing so broke above the 200-day...
EUR: PMIs in focus Our colleague, Carsten Brzeski, has just published his preview for this Thursday's European Central Bank (ECB) meeting. Given what could be a mildly hawkish Fed event risk on...
How important is the Black Sea Grain Initiative?The Black Sea Grain Initiative came to fruition in July last year after the UN, Turkey, Ukraine and Russia agreed on the safe passage of vessels...
Easing inflation narrative bolstered by UK CPI printMarkets have pared back their near-term rate hike expectations over the past few days. The final element, which had a significant impact on sterling...
USD: Slowly regaining ground? The round of US data releases was quite mixed yesterday, and as discussed by our US economist in this note, likely supported the case for a pause after a July hike by...
USD: No real benefit from China’s data disappointment This week had started with the question of whether the dollar could still suffer from the residual effect of the disinflation surprise...