Topic: Daily Market Updates
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Dollar muted on US data surprise
Strong jobs report, but not strong enough. ECB in disbelieve about disinflation, and the pound still benefits from post-CPI boom.
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Signs of distress ignored by policymakers
Will one recession lead to another? How long can the ECB push back against cuts? British home prices fall by most since ‘09.
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A new hawk in town
GBP soars on narrative change, disinflation shifts pressure from ECB to Euro, and Fed’s June meeting is plagued by uncertainty.
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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.