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Markets ECB’s Lagarde made a strong case yesterday when promoting a bigger, international role for the euro while that of the US dollar is gradually waning. Her long-term call needs to see the remaining stumbling blocks resolved first, including fragmented capital markets. It also means the short-term impact of an otherwise interesting speech is limited. […]

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06/02/2024

ISM Data Points to a Stronger Than Expected US Service Sector

In focus today Focus in the euro area is on retail sales for December. Private households are still cautious with spending despite the strong labour market and large savings from the previous years. We expect private consumption to improve during 2024 as real income rises, but the December 2023 print will likely show muted retail […]
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Can Rate Cuts and Geopolitics Propel Gold to Fresh Record Highs?

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