Weekly Market Review 12th of September 2022

Monday 12 September 2022

Weekly market review

  • Markets: German 10-year yields rose 13 basis points after the European Central Bank (ECB) unanimously decided to raise its key rate by 75 basis points.
  • United States: After some choppiness during the summer months, initial jobless claims declined for the fourth straight week, to their lowest since May.
  • Eurozone: As consumer confidence remains very weak, with the final Purchasing Managers’ Index (PMI) surveys for August showing still elevated price pressures.

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