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Steady but not Stable

22nd January 2024

We highlighted last week that the economic data flow could not stay at neutral

  • In the US consumer spending surprises to the upside as does consumer confidence

  • The UK sees an unfortunate spike in inflation

  • Oil risk about balanced, in a complicated market

  • Global bond markets witness a sharp rise in yields in recognition that central bankers are not minded to playing ball on rate cuts yet




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