Markets US eco data grabbed a lot of attention last week with CPI & PPI inflation and retail sales suggesting that time remains on the Fed’s side for now. The market implied probability of a September rate hike halved from around 50% to 25%. Several attempts from US Treasuries to rally were blocked and eventually […]
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China’s July activity data reinforced widening split between resilient production and weak domestic demand, with all three major readings undershooting expectations. Industrial production slowed from 5.3% to 4.5% y/y, below 4.8% consensus. Manufacturing nevertheless continued Read more…
Gold continues to trade close to multi-month highs following its recent advance, which was supported by the latest US inflation data. July’s CPI broadly matched market expectations, reducing the likelihood of a Federal Reserve rate Read more…