Rui MR Pinto

Summary and Comment   The Eurozone economy grew by 0.6% year-on-year (YoY) in the second quarter of 2023, easing from a 1.1% expansion in the previous period but slightly surpassing market consensus of 0.5%, a preliminary estimate showed. It was the weakest pace of growth since the 2020-21 period. We may question this number, as

Summary and Commentary In May, treasury Secretary Janet Yellen said that more mergers among midsize U.S. banks could be necessary after a series of bank failures. And she was right. This week, Banc of California and PacWest merged. Still on the banking theme… The FED, the Federal Deposit Insurance Corporation and the Office of the

Summary and Comment Consumer price inflation in the United Kingdom dropped to 7.9% in June 2023, marking the lowest level since March 2022 and slightly below the market consensus of 8.2%, mainly due to a slump in fuel prices. Additionally, the core rate, which excludes volatile items such as energy and food, eased to 6.9%

Summary and Comments This week’s highlights are on the inflation data all around the world. China’s consumer price inflation (YoY) came out flat (0%) in June 2023, missing market expectations. This was the lowest reading since a deflation in February 2021. Core consumer prices, which exclude prices of food and energy, went up 0.4% YoY,

Summary and Comment   These weeks have been full of economic indicator releases, which are briefly summarized here.  Personal spending in the United States edged up by 0.1 % in May 2023, short of market expectations of a 0.2 % increase and compared to a 0.6 % gain in April. Personal income in the United

Summary and Comment   The week was marked by the halting of the stock market rally, hawkish J. Powell testimony to the Congress, the visit of India’s prime minister to Washington and a diplomatic visit of Antony Blinken to China, shaking hands with President Xi Jinping. Nearly all FOMC participants expect that it will be

Summary and Comment This was a FED week (FOMC meeting and interest rate decision) which was marked by the interest rate pause (kept at 5.25%) and the promise for more rate hikes in the US later in the year. In the EU, reference interest rates rised another 0.25% (25bps). Overall inflation data in the US