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  16/08/2017
 
  Euro area Q2 GDP of 0.6% qoq confirmed
 
  14/08/2017
 
  Japan's Q2 GDP growth surprised strongly on the upside
 
  11/08/2017
 
  US inflation slightly up in July (1.7%) on higher energy; core inflation stable at 1.7%
 
  10/08/2017
 

 
Tensions between the US and North Korea weighing on financial markets
 
  04/08/2017
 
  US employment increase again above expectations in July. Wages growth slightly up to +2.5% yoy.
  02/08/2017
 
  290 US firms reported: less exciting yearly comparison but still good in absolute terms
 
  28/07/2017
 
  US GDP up by 2.6% in Q2 on stronger consumption and steady investment gowth. Labor costs cool to 2.4% yoy
  28/07/2017
 
  Russian Central Bank kept interest rates on hold, U.S. Congress approved tighter sanctions
 
  27/07/2017
 
  Brazil’s central bank cuts policy rate by 100 bps again, signals lower end-of-easing-cycle rate level
  26/07/2017
 
  The Fed keeps rates unchanged, setting the stage for the balance sheet shrinking
 
  25/07/2017
 
  Firms are reporting supportive Q2 results. Headwinds from a stronger euro should remain contained.
  24/07/2017
 
  July PMIs surprised on the downside
 
  21/07/2017
 
  Greece bond repayment
 
  20/07/2017
 
  Draghi adopted a dovish tone but confirmed ECB tapering discussion in fall
 
  18/07/2017
 
  ECB Bank Lending Survey shows a renewed pickup in firms’ credit demand as lending standards eased further
  17/07/2017
 
  China’s Q2 GDP growth surprised on the upside
 
  14/07/2017
 
  US inflation slumps to 1.6% yoy in June on slower energy; core inflation stable at 1.7%
 
  12/07/2017
 
  Brazil’s Senate approves labor reform, focus shifts to president Temer’s fight for survival
 
  11/07/2017
 
  Monthly equity valuation update per July 2017
 
  11/07/2017
 
  China’s currency reserves stabilized amid easing currency speculation
 
  07/07/2017   US employment much above expectations in June. Wages growth stable at 2.5%
  07/07/2017  
Euro area corporate bond spreads continue to rally, but some caution is appropriate in the medium term
  03/07/2017
 
  BoJ’s Tankan report surprised on the upside
 
  20/06/2017
 
  Portugal’s government bonds benefit from improved rating outlook by Fitch. Leeway for the rally to continue (at least in the short term)
  19/06/2017

 
  Absolute majority of Macron’s party paves the way for swift reforms in France that Macron promised to deliver
 
  16/06/2017
 
  Russian Central Bank reduced repo rate by 25bps, U.S. Senate passed tighter sanctions
 
  16/06/2017
 
  Eurogroup gives the green light to Greek aid disbursement, but debt relief deal remains far away
  15/06/2017
 
  Spanish PM Rajoy comfortably survives no-confidence vote promoted by Podemos
 
  14/06/2017
 
  Fed hikes rates and details plans for balance sheet normalization
 
  14/06/2017
 
  US inflation slump to 1.9% yoy in May on slower energy; inflation wireless communication and cars dampen core inflation (1.7%)
  14/06/2017
 
  Euro area corporate bonds weather strong issuance activity well – no dark clouds in the near term
  13/06/2017
 
  Brazil’s financial markets mildly disappointed as president Temer survives TSE ruling
 
  12/06/2017
 
  M5S scores poorly in Italy’s local elections; likelihood of snap vote falls further
 
  12/06/2017
 
  Macron’s party ahead of an absolute majority in French
 
  09/06/2017
 
  The UK elections’ outcome supports the FTSE 100 but only in the short term; the FTSE 250 looks penalized
  09/06/2017
 
  UK election ends in a hung Parliament
 
  09/06/2017
 
  Italy’s electoral law pact collapses, lowering the likelihood of early elections
 
  08/06/2017
 
  ECB more upbeat on growth and dropping easing bias
 
  08/06/2017
 
  ECB QE purchases in May above schedule – Duration on record low
 
  02/06/2017
 
  US payrolls disappoint, while unemployment rate falls to 16-year low
 
  02/06/2017
 
  Recent strength of long-dated US Treasuries unlikely to prevail going forward
 
  01/06/2017
 

 
ECB signals low systemic stress but flags higher risks on bonds and investment funds liquidity
 
  01/06/2017
 
  Proposed electoral law in Italy would likely result in a hung parliament
 
  26/05/2017
 
  OPEC's extension of production cuts does not shake markets
 
  25/05/2017

 
  Market Commentary: FOMC strenghten the case for a June hike, first details on the balance sheet reduction plan
 
  23/05/2017
 
  No disbursement for Greece at Eurogroup meeting as debt relief talks continue
 
  22/05/2017

 
  Mr. Sánchez’s comeback as PSOE leader and Catalonia’s news remind investors of latent political risk in Spain
 
  22/05/2017
 
  Political turmoil in the US increasingly weighs on the size of the fiscal stimulus
 
  19/05/2017

 
  Mexico’s central bank raises rates by 25 bps, giving no clear signal over the end of the hiking cycle
 
  19/05/2017
 
  Brazilian assets tumble as President Temer seen embroiled in political scandal
 
  18/05/2017
 
  Japan's real GDP growth surprised on the upside in Q1 while nominal growth receded
 
  17/05/2017
 
  Firms reported very supportive Q1 results. Q2 should remain a decent reporting season even if market multiples already discount such outcome
  16/05/2017
 
  Euro area corporate bonds likely to withstand somewhat less benign environment – at least in the near term
  15/05/2017
 
  China aims at boosting international support for Silk Road initiative
 
  12/05/2017
 
  US inflation eases to 2.2% yoy in April, Cars dampening core inflation (1.9%)
 
  09/05/2017
 
  Risk of early elections in Croatia rises as HDZ-MOST coalition collapsed for the second time in a year
  08/05/2017
 
  Macron elected as France’s next President
 
  05/05/2017
 
  US unemployment rate hits 10-year low as nonfarm payrolls beat expectations
 
  03/05/2017
 
  Fed keeps June rate hike on the table
 
  03/05/2017
 
  Early agreement sends Greek assets to multi-year highs
 
  03/05/2017
 
  Q1 GDP of 0.5% qoq confirms good start into the year
 
  02/05/2017
 
  After a soft GDP result, UK's manufacturing PMI surprised strongly on the upside
 
  02/05/2017
 
  Renzi regains PD’s leadership after landslide victory in party primaries
 
  02/05/2017

 
  Renewed easing in credit standards supports lending activity in the euro area, but firms’ credit demand momentum softens
 
  02/05/2017
 
  Spanish growth remains strong ahead of PSOE primaries for party leadership
 
  28/04/2017
 
  US GDP up by 0.7% in Q1, dragged by inventories and consumption
 
  27/04/2017
 
  ECB sees less downside risks but sends a clearly dovish message to the markets
 
  26/04/2017
 
  Turkish central bank increased the upper bound of the interest rate corridor
 
  25/04/2017

 
  Italy’s downgrade to BBB by Fitch no surprise – Limited impact on sovereign spreads going forward
 
  24/04/2017
 
  Macron and Le Pen in run-off of French presidential election
 
  21/04/2017

 
  85 US firms have reported results for Q1 2017. Decent growth and positive surprises reassure expectations notwithstanding easy comps
 
  18/04/2017
 
  The US Treasury does not indicate any evidenced of exchange rate manipulation by trade partners, but signal aggressive stance
  18/04/2017
 
  UK PM Theresa May announced snap elections on June 8
 
  18/04/2017
 
  China’s real GDP growth accelerated slightly to 6.9% yoy in Q1 2017
 
  18/04/2017
 
  Turkish voters approved the introduction of the presidential system
 
  13/04/2017
 
  The surge in US business confidence: Trump versus fundamentals
 
  10/04/2017
 
  Stronger profits to support US investment, but headwinds remain
 
  07/07/2017
 
  The Q1 reporting season is approaching. Growth should remain decent but analysts will focus more on guidance
  07/04/2017
 
  US employment much below expectations in March. Wages growth steady at 2.7%.
 
  05/04/2017
 
  Healthy issuance activity of euro area IG corporate bonds in Q1 – Political tailwind to
 
  29/03/2017
 
  Czech crown - termination of FX commitment nears
 
  24/03/2017
 
  Russian Central Bank reduced the repo rate by 25bps
 
  24/03/2017
 
  Strong take-up at the last ECB’s TLTRO
 
  21/03/2017

 
  Euro area IG corporate bonds - Breaking out of the 4-month old trading range likely, but total returns to remain low going forward
 
  16/03/2017
 
  Turkish central bank widened its interest rate corridor further
 
  16/03/2017
 
  PBoC hiked again its repo rates by 10 bps
 
  16/03/2017
 
  No populist victory in the Netherlands but lengthy government formation ahead
 
  15/03/2017
 
  Fed hikes rate, but leaves projections broadly unchanged
 
  15/03/2017
 
  Strong increase in fuels and food lifts US inflation to 2.7% yoy. Core rate eases at 2.2%
 
  13/03/2017
 
  Final Q4 2016 corporate results confirm strength and show improvement since our mid-February update
  10/03/2017

 
  US employment beats expectations in February. Wage growth at 2.8% yoy paves the way for a rate rise
 
  09/03/2017
 
  ECB maintains its dovish stance
 
  08/03/2017
 
  China's exports disappointed while imports suggest stable growth
 
  07/03/2017
 
  Appetite for euro area IG corporate bonds remains healthy – Performance driven by sovereign yield movements
  03/03/2017
 
  Monthly equity valuation update per March 2017
 
  02/03/2017
 
  Headline inflation soared to 2.0% yoy in February but ECB’s mission not yet accomplished
 
  01/03/2017
 
  Fed officials push up market odds of March rate hike
 
  23/02/2017
 
  Euro area government bond issuance activity well advanced year to date
 
  22/02/2017
 
  Euro area IG corporate bonds remain a haven of stability
 
  21/02/2017
 
  Institutions back to Athens as Eurogroup puts emphasis on structural reforms over austerity
 
  20/02/2017
 
  Renzi puts party leadership at stake hoping for snap elections in September
 
  16/02/2017
 
  Next market concern Netherlands?
 
  14/02/2017
 
  The Q4 2016 reporting season confirms the upward earnings’ cycle also in Europe. Q1 should not disappoint too
  13/02/2017
 
  Japan's GDP benefitted from current rebound in manufacturing cycle
 
  06/02/2017
 
  PBoC signals tighter liquidity
 
  03/02/2017
 
  Russian Central Bank hawkish, FX purchase volumes announced
 
  03/02/2017
 
  US employment beats expectations in January. Wage growth cools
 
  02/02/2017
 
  Record high issuance of euro area IG corporate bonds in January well absorbed by the market
 
  01/02/2017
 
  Fed foregoes hints to rate hike in March, but remains on course for policy normalization
 
  31/01/2017
 
  Energy price induced inflation spike to 1.8% in January while Q4/2016 growth soared to 0.5% qoq
  30/01/2017
 
  Second review still on hold as Greek government resists calls for additional budget cuts
 
  27/01/2017
 
  US GDP up 1.9% in Q4, as temporary factors slows down growth
 
  26/01/2017
 
  Early elections in Italy more likely following Court's ruling on the Italicum
 
  24/01/2017
 
  Turkish central bank widened its interest rate corridor to defend the currency
 
  24/01/2017
 
  January composite PMI hints at a good start into the year
 
  20/01/2017
 
  Relative Value Trade Idea - Sell hedged US IG corporate bond positions, buy euro denominated IG corporate bonds
  19/01/2017
 
  ECB stays on track with QE while maintaing a dovish bias
 
  18/01/2017
 
  Fuels lifted US inflation to 2.2%. Core rate stable at 2.2%
 
  16/01/2017
 
  DBRS cuts Italy’s rating to BBB (high)
 
  12/01/2017
 
  Brazil's central bank accelerates the pace of rate cuts
 
  12/01/2017
 
  The Q4 reporting season is set to confirm the earnings’ recovery after the cyclical bottom experienced in Q1
  11/01/2017
 
  Italy's Constitutional Court rejects referendum petition on the heart of the Jobs Act
 
  06/01/2017
 
  US labor market data support further Fed key rate hikes in 2017
 
  06/01/2017
 
  Gross issuance of corporate bonds to moderate slightly in 2017, net issuance of financials to slide into negative territory
  04/01/2017
 
  December headline inflation of 1.1% at highest level since September 2013 as energy prices became inflationary again
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