Equities stay on the defensive so far today
Tech is leading the way lower as sentiment is weighed down by the more disappointing earnings reports from Apple and Amazon yesterday. But broader sentiment is also leaning towards the softer side with European indices also down across the board.
A 10 bps rate hike is now fully priced in for July 2022
This comes as euro area bond yields continue to surge higher, with Italian 10-year yields rising to 1.17% – its highest since July 2020. Adding to that, the closely watched gap between 10-year Italian and German yields is now at its widest since
Latest data released by Eurostat – 29 October 2021
The headline reading jumps to a 13-year high and the core reading exceeding 2% just adds to the headache for the ECB even as Lagarde continues to defend the ‚transitory‘ narrative in her press conference yesterday.
Vom Aufschwung der deutschen Wirtschaft ist wenig zu sehen – anders als in der EU insgesamt, zeigen die aktuellen BIP-Zahlen. Die eigene Industrie bremst das Wachstum.
Hohe Energiepreise treiben die Teuerung im Euro-Raum weiter an: Im Oktober liegt die Inflationsrate bei 4,1 Prozent. Energie und Lebensmittel verteuerten sich besonders stark.
Der Microsoft-Gründer erklärt, warum Atomkraft nötig ist, wieso China stärker unter der Klimakrise leiden wird als die USA – und wie der grüne Umbau in Deutschland gelingen kann.
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