Straight from the Desk
Syz the moment
Live feeds, charts, breaking stories, all day long.
- All
- us
- Food for Thoughts
- equities
- Bonds
- technical analysis
- bitcoin
- sp500
- Stocks
- inflation
- China
- macro
- Federal Reserve
- Crypto
- investing
- ETF
- Central banks
- performance
- AI
- gold
- earnings
- Rate
- Real Estate
- markets
- Commodities
- debt
- Treasury
- tech
- yield
- nvidia
- Germany
- Japan
- europe
- bank
- nasdaq
- oil
- fed
- cpi
- warren-buffett
- Forex
- apple
- useful
- interest
- humor
- interest-rates
- market cap
- dollar
- energy
- returns
- GDP
- quotes
- hedge fund
- geopolitics
- magnificent-7
- valuations
- asset
- ECB
- finance
- BOJ
- crudeoil
- india
- sentiment
- Swiss
- highyield
- Volatility
- economy
- options
- recession
- semiconductor
- vix
- growth
- mortgage
- Money Market
- cash
- Positioning
- charts
- exports
- trading
- bubble
- ipo
- tesla
- ESG
- deficit
- price
- sales
- EM
- UK
- assetmanagement
- bearish
- wages
- EV
- Flows
- credit-card
- russia
- saudiarabia
- spending
- Turkey
- cocoa
- futures
- index
- meta
- revenue
- watches
- yen
- EUR
- bankruptcy
- chart
- consumers
- profit
- supply
- unemployment
- Brazil
- Election
- amazon
- car
- copper
- credit-rating
- cryptocurrencies
- currencies
- seasonality
- $nycb
- Asia
- FUNDS
- Renewable
- airlines
- insider
- manufacturing
- spx
- FUND
- africa
- deflation
- investmentgrade
- microsoft
- spy
- taiwan
- yuan
- Alternatives
- SMCI
- SuperBowl
- compounding
- concentration
- debt-ceiling
- france
- jobs
- lvmh
- msci
- pricing-power
- private markets
- productivity
- sec
- smallcaps
- sustainable
- switzerland
- world-economy
- Focus
- charlie-munger
- chatgpt
- dowjones
- economic surprise
- fixed income
- greed
- halvings
- income
- leadership
- liquidity
- luxury
- moneydebasement
- retirement
- russel2000
- sharebuybacks
- silver
- tax
- world
- BOE
- EM Sovereign
- Granolas
- Hong Kong
- Industrial-production
- Market Outlook
- Nikkei
- TIPS
- brics
- ceo
- corporate
- cost-of-living
- dividend
- emerging-markets
- ethereum
- fashion
- gas
- greece
- lending
- monetarypolicy
- opec
- saudiaramco
- snb
- storytelling
- trump
- unicorn
- valentine's-day
- venture capital
- vietnam
- Beware
- CTAs
- Coinbase
- Convexity
- Crypto corner
- Deindustrialization
- GlobalAgg
- Italy
- Marketing
- Nestle
- Precious-Metals
- Rally
- SoftBank
- ToyotaMotor
- UAE
- bankrupt
- behavior
- booking.com
- calls
- childbirth
- cisco
- climate
- coal
- cobalt
- cocacola
- construction
- counterparty-risk
- cta
- demographics
- design
- dragonyear
- elon musk
- eurozone
- fees
- financial-stress
- football
- golf
- hedgeye
- hungary
- imf
- intel
- international-women's-day
- job-cuts
- jpmorgan
- korea
- kpi
- lng
- marriage
UK headline inflation cooled sharply in July to an annual 6.8%, but the core consumer price index remained unchanged, posing a potential headache for the Bank of England
The headline CPI reading was in line with a consensus forecast among economists polled by Reuters, and follows the cooler-than-expected 7.9% figure of June. Despite the decline, UK inflation is still the highest among "advanced" economies (see upper chart below). On a monthly basis, the headline CPI decreased by 0.4% versus a consensus forecast of -0.5%. However, core inflation — which excludes volatile energy, food, alcohol and tobacco prices — stayed 6.9%, unchanged from June and slightly above a consensus forecast of 6.8%.
U.K. inflation cooled significantly in June, coming in below consensus expectations at 7.9% annually
Economists polled by Reuters had projected an annual rise in the headline consumer price index of 8.2%, following May’s hotter-than-expected 8.7% reading, but annualized price rises continue to run well above the Bank of England’s 2% target. On a monthly basis, headline CPI increased by 0.1%, below a consensus forecast of 0.4%. Core inflation — which excludes volatile energy, food, alcohol and tobacco prices — remained sticky at an annualized 6.9%, but fell from a 31-year high of 7.1% in May. Source: CNBC
UK Bond Market Suffers Major Blow on Unforeseen Surge in UK CPI!
The UK bond market witnessed a substantial downturn due to an unexpected surge in Britain's core inflation rate, reaching its highest level in over three decades. This surprising release led to a sharp 25bps rise in the two-year UK Treasury yield. Consequently, market sentiment has shifted, with rate hike expectations now fully priced in for June, and projections even suggesting a potential 50bps increase. As a result, the terminal rate, anticipated for December 2023, is now hovering at almost 5.5%, a significant shift from less than 5% merely two days ago. Source: Bloomberg.
Investing with intelligence
Our latest research, commentary and market outlooks