Region: Europe
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European weakness in the spotlight again
Disinflation is coming to Europe, US yields tumble after 12-day streak, and Chinese data pressures global equities.
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Debt agreement puts spotlight on the Fed again
Markets cheer US debt limit extension, euro now negative year-to-date, and UK shop inflation hits another record.
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Hard to short the dollar at 5% yield
Euro unresponsive to higher yields, yield explosion unable to help the pound, and treasury cash reserves plunge below $50 billion.
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Fed hawk’s letting the dollar fly
Pause, hike, cut. The dynamics of Fed pricing. Mood darkens in Germany and the pound’s bipolar reaction to CPI.
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Sterling soars after inflation surprises higher
Stubborn UK inflation fuels rate-hike bets whilst dollar is steady amid haven demand and hawkish signals. Euro becoming numb to hawkish ECB speak.
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Dollar demand grows as PMIs come into focus
Carry trades in spotlight, GBP/JPY lingers near 7-year high, and PMIs might aggravate EUR woes.