ECB's Lane says there has been some improvement in confidence, but not at pre-war levels, Bloomberg TV; adds that oil price curve sees elevated levels in the years coming, which suggest higher cost for the economy
Newsquawk Staff ·
- Remains focused on data, to see how it has been impacted by lower energy prices.
- July vs September is too narrow a debate. (seemingly suggesting that conversations should be about policy, rather than specific meetings).
- Aims to keep options open by not boxing themselves into a specific meeting.
- CRUDE WRAP: WTI (Z6) SETTLES USD 2.32 HIGHER AT 99.47/BBL; BRENT (Z6) SETTLES USD 4.35 HIGHER AT USD 113.17/BBL
- Money markets no longer full price a Fed rate hike before end of 2026
- ECB's Panetta says real wages rose c. 50% in the US over 30 years while only rising 20% and a few ppts in Germany and Italy respectively, highlighting Europe's weaker growth dynamics
- Turkish TCMB Interest Rate Decision 36% vs. Exp. 36% (Prev. 37%)
- [MARKET ANALYSIS] Core fixed bid on haven allure and with growth implications in focus, however, OATs lag with the spread to Germany over 170bps
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