Sunset Thursday, June 23, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Eurozone June PMI’s turned the post-Fed consolidation on interest rate markets into correction. The German yield curve bull steepens with yields sliding by 24 bps at the 5-y tenor to 15 bps at the Read more…
Thursday, 23 June 2022 Please click here to read the PDF version Markets • It was outright risk-off yesterday. The inflation scare traded for recession fears – a pattern we’ve observed before. Fed chair Powell did little to alleviate these concerns. In his testimony before Congress he reiterated a strong Read more…
Wednesday, 25 May 2022 Please click here to read the PDF version Dear reader There will be no KBC Economics-Markets reports on Thursday, May 26 and Friday, May 27. We resume our publications on Monday, May 30. Markets • Of late markets were mainly driven by global sentiment and Read more…
Friday, 29 April 2022 Please click here to read the PDF version Markets • Dollar dominance reflected in new multiyear highs on a trade-weighted basis (DXY 103.93), against the yen (USD/JPY 130.95), against the euro (EUR/USD 1.0472) and against sterling (GBP/USD 1.2412). Fed Chair Powell’s comments last week ignited the Read more…
Friday, 25 March 2022 Please click here to read the PDF version Markets • Wednesday’s ‘classic’ risk-off correction with a setback in equities and a decline in yields proved to be a one-off rather than the start of a new trend. Oil (temporarily?) returning above $120 p/b was a warning Read more…