Daily Macro markets update 13/01/2025
📊 Market Report: 🔮 In our last report, we wrote a scenario that seems to have come true almost like a prophecy. The three factors that we pointed to as indications that labour market data would be strong have been confirmed. The US bond has made a significant advance, taking the yield on the 10 […]
Daily Macro markets update 10/01/2025
📈 Market Report. 🕒 The market is nervously awaiting today’s US employment data. According to Reuters median projections, the unemployment rate is expected to remain at 4.2% in December, while employment is expected to increase by 160,000. However, three factors are driving fears that an overly strong labour market will hold back the Fed’s rate […]
Daily Macro markets update 09/01/2025
📉 Market Report. 🇬🇧 British government bond prices fell sharply for a second day, pushing 10-year yields to their highest since August 2008 and 30-year yields to a new 26-year high. Sterling tumbled more than 1.2% against the U.S. dollar, hitting its lowest level since April. The rise in yields reflects reduced expectations of Bank […]
Daily Macro markets update 08/01/2025
📈 Market Report. 📉 According to Reuters, markets expect cuts of 99 bp for Europe in 2025, while in the case of the US, the cut is estimated to be only 37.5 bp. Here is the bearish EURUSD relationship that we have been announcing for months. Now this data confirms our suspicions. 📊 Benchmark 10-year […]
Daily Macro markets update 07/01/2025
📈 Market Report. 🇩🇪 German annual inflation rose more than expected in December, reaching 2.9% compared to the forecast of 2.6%. Spain is also adding to the upturn in inflation. From 1.5% in September to the current 2.8% in December. The inflation problem has not been solved, and inflation is likely to remain similarly high […]
Daily Macro markets update 20/12/2024
📊 Market Report. 💷 The Bank of England’s Monetary Policy Committee voted 6-3 to keep interest rates at 4.75%, a decision that was larger than expected due to disagreement among policymakers on how to respond to a slowing economy and high inflation pressures. Governor Andrew Bailey emphasized the need for a gradual approach to rate […]
Daily Macro markets update 19/12/2024
📈 Market Report. 🇦🇷 Argentina’s economy experienced a 3.9% growth in Q3, marking its first quarter of growth since entering recession late last year. The positive data fueled a 7.3% gain in the Merval stock index, which has more than doubled in value due to President Javier Milei’s reforms. Despite BBVA estimations of a 4% […]
Daily Macro markets update 18/12/2024
🌍 Market Report. 🇨🇭 Not even Switzerland has been spared from the economic downturn in Europe. The Swiss government has adjusted its economic growth forecast for 2025 downward to 1.5%. The previously expected growth was around 2% for 2025. Some of the factors cited for the lower growth outlook include ongoing global economic uncertainty and […]
Daily Macro markets update 17/12/2024
📉 Market Report. 🇩🇪 The German parliament rejected a vote of confidence in Chancellor Olaf Scholz and his government, paving the way for early elections on 23 February. Scholz has proposed measures that could pass with opposition support, such as tax cuts and an increase in child benefits. The debate has intensified campaigning for the […]
Daily Macro markets update 16/12/2024
📈 Market Report. 📅 This week will start with PMI data, but the highlight will be the interest rate announcement from the Federal Reserve and the Bank of England. 🗣️ Robert Kaplan, the former president of the Dallas Fed and vice chairman of Goldman Sachs, stated that inflation already “looks a little stuck.” On the […]
