Well that’s woken us up a bit hasn’t it. Fed Chairman Powell had been told this was the most important meeting of his career and he duly put his game face on and delivered a much bigger message than most had been expecting. You’ll have had plenty of commentary already on what was said so […]
Another one of those days where a glance at the market (Stoxx 600 +0.11% for its 8th up day in a row and its 18th day with a move of no more than +/- 75 bps) would suggest there was not a great deal going on but scratch a little deeper and you find all […]
I know we’re not allowed to complain about the heat. I know we spent May moaning about how it rained constantly. But boy it’s warm. I kept on going to open the window and realizing it was open already. No better advert for an air conditioned office than today. I actually might go and sleep […]
Only in Britain. Only in Britain would you get the local bakery of the town that is hosting the G7 world summit creating one-off Cornish pasties with names including Merkel’s Minted Lamb, Macrons Minced Veg, Boris’ Stilton and – inside info maybe? – Biden’s Big-Un. All eyes on Carbis Bay in England then and after […]
So that’s as clear as mud then. Something for everyone in today’s US CPI and ECB decision and presentation. If you’re in the “we’re about to overheat and there’s a taper tantrum coming” camp you’d point to the CPI number coming at 5.0% YoY (ests 4.7%) with the MoM also a shade ahead. You’d point […]
“Is that the inflation scare over then?” asked one of our analysts somewhat tongue-in-cheek in a chat today. We’ll know more this time tomorrow but the last 24 hours have certainly seen a shift back towards our macro teams unswerving view that any inflation will be must not say transitory, people are bored of hearing […]
An emotional return to the office today after 15 long months for a Redburn favourite. Colin the Caterpillar reappearing in the kitchen to huge fanfare as one of the team resurrected a much loved tradition to celebrate his birthday. Hard to know if we should be revelling in the return to normality of office life […]
I always hold on a little tight (you don’t get grey hair at 28 without trying really hard) but if there’s a moment when I really really hold on tight it’s Monday mornings. I should know by now they’re going to be quiet. I should know that people are setting themselves for the week. I […]
OK so there we go then – a short week that felt very long in all honesty but progress continues (Stoxx 600 +0.39%) and, despite the soggy weather, it looks like a decent weekend ahead. “Just right” the verdict on the big number of the day/week/month as the Non-Farm Payrolls came in a healthier +559k […]
I blame UEFA. I mean….it’s not a test is it. Two English teams playing in a European final and you’re moving the venue. Just play it at Wembley. Leave those who want to go on holiday to go on holiday. But no. They insist on Porto so all the VIPs can go and sure enough […]