SPEU News and Press, SPDR® Portfolio Europe ETF From 09/06/23

2023-09-06 11:10:00 ET Summary The August jobs report showed that the US economy is slowing, but it’s still in very good condition. Manufacturing new orders in the eurozone fell to one of the lower levels on record in August. As China’s post-pandemic economic reo...

2023-09-06 09:35:00 ET Summary The European Central Bank (ECB) is facing a difficult decision at its upcoming meeting, with mixed macro data and plunging confidence indicators in the eurozone. Arguments for a pause in rate hikes include falling sentiment indicators and weakening d...

2023-09-06 03:15:00 ET Summary We rationalise why US longer tenor rates are rising – basically, the curve is inverted and getting used to discounting structurally higher rates. If so, reversion to a normal curve must mean dis-inversion from the back end. When something ...

2023-09-05 13:55:00 ET Summary Why the Fed may have one more hike up its sleeve. U.S. economic resiliency continues to confuse market watchers. Why the bond market has been getting the outlook for rates wrong. From upcoming central bank meetings to key economic data,...

2023-09-05 13:13:00 ET Summary Global manufacturing output fell for a third straight month in August, signaling a slight easing in the rate of contraction. One factor providing support to production and facilitating the fulfilment of back orders was a further improvement in supply...

2023-09-04 06:28:00 ET Summary U.S. GDP growth has beaten expectations and come in above its long-term trend. Prices rise in the dominant non-housing services parts of the CPI basket remain stubborn. U.S. job openings slumped to their lowest level in two-and-a-half years. ...

2023-09-02 08:45:00 ET Summary The US economy is showing signs of strength, with falling inflation and rising employment, while China's economy continues to struggle. The eurozone is facing challenges from energy prices and China, with little political will to offer new supportive...

2023-09-02 03:40:00 ET Summary The month started with a bang with the US jobs report but the following week is looking a little more subdued, starting with the bank holiday on Monday. Eurozone:  Next week is littered with tier-three events despite the large number of releases...

2023-09-02 00:17:00 ET Summary The service sector, which had been sustaining the Eurozone economies, is reported to be driving the August declines, while the rate of contraction in manufacturing slowed. As a result of the ECB’s monetary tightening – that is, the incr...

2023-09-01 07:00:00 ET Summary Beijing's measures to support the economy and stabilize the yuan are starting to have an impact, with the yuan halting its decline and the CSI 300 index rebounding. The Mexican peso extended losses after the central bank announced it was winding down...