📆 Monday, August 7
► This week, markets will be monitoring Chinese trade balance, inflation data in particular US CPI data for insights on economic trends and the outlook for more (Fed) tightening.
► US inflation data due Thursday is anticipated to show more of the moderate price growth that the Federal Reserve aims to see. It would help to get down recent expectations for more hikes – currently slightly above 40% expect another hike before the end of the year. We believe the Fed is done.
► Short-term German bonds have risen following the Bundesbank's announcement that it will stop paying interest on domestic government deposits from October 1, causing investors to look for higher-yielding options.
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