Reply To: Traders Market Weekly: Markets Rupture with Soaring yields and Fund Outflows

#44774
Truman
Participant

Eurozone CPI was up a record 10.0% year-over-year in September versus +9.1% in August.
The latest reading is solidifying expectations that the ECB will raise rates by 75 basis points at its October meeting.
The 10-yr UK gilt yield is down 11 basis points to 4.03% following reports that Prime Minister Truss and Finance Minister Kwarteng met with the Office for Budget Responsibility to talk about their fiscal plan.
The OBR is expected to have a first draft of its forecast for the finance minister on Oct. 7, according to CNBC. GBP/USD -0.4% to 1.1072.
Eurozone’s September CPI +1.2% m/m (expected +0.9%; prior +0.6%) and +10.0% yr/yr (expected +9.7%; prior +9.1%); August Unemployment Rate 6.6% (expected 6.6%; prior 6.6%)
Germany’s September Unemployment Rate 5.5% (expected 5.5%; prior 5.5%)
UK’s Q2 GDP revised to +0.2% qtr/qtr (expected -0.1%; prior +0.8%) and +4.4% yr/yr (expected +2.9%; prior +8.7%); September Nationwide HPI 0.0% m/m (expected +0.3%; prior +0.8%) and +9.5% yr/yr (expected +10.0%; prior +10.0%)
Italy’s September CPI +0.3% m/m (expected +0.1%; prior +0.8%) and +8.9% yr/yr (expected +8.7%; prior +8.4%); August Unemployment Rate 7.8% (expected 7.9%; prior 7.9%)
France’s September CPI -0.5% m/m (expected -0.1%; prior +0.5%) and +5.6% yr/yr (expected +5.9%; prior +5.9%); August PPI +2.7% m/m (prior +1.9%); August COnsumer Spending 0.0% m/m (expected -0.1%; prior -0.9%)
Spain’s August Retail Sales 0.0% yr/yr (prior -0.5%)
Switzerland’s August Retail Sales +3.0% yr/yr (prior +3.0%)