Deutsche Bank-DBDaily Riksbank becomes second G10 to cut-108125312

DeutscheBankEconomicsDateResearch9May2024DBDailyGlobalRiksbankbecomessecondG10tocutRiksbankbecomessecondG10tocut,BoEtodayPhilOdonaghoeUSA:MBAnewpurchasemortgageapp(May3):Up1.8%fromApr26.EconomistDEU:Industrialproduction(Mar):Down0.4%mom/3.3%yoy.+61-2-8258-1606SWE:Riksbank:Cutsratebyto3.75%;ratecutexpectedtwiceduring2H.PODcast:DB'sMarionMuehlberger,UrsulaWaltherandRobinWinklerdiscusswhatEUelectionsmeanforpolicyprioritiesandtheEUeconomyinthenext5-yearlegislativeterm.15minutes,here.USequitieswerelittlechangedagainonWednesday,S&Pflat.US10yryieldsup4bpsto4.49%.Riksbankcutratesby25bpsasexpected,to3.75%.FollowsSNBtobecometheFigure1:MarketSummarysecondG10centralbanktocutthiscycle.Guidancepointstotwofurther25bpcutsinsecondhalfofthisyear.Equities5187.670.0%FX1.0748-0.01%S&P500515.770.3%EURUSD155.48-0.64%Fed'sCollins:Policyis"moderatelyrestrictive","appropriate"forrisks,FedshouldStoxx6000.5%USDJPY1.2495-0.01%keeprates"steady"untilmoreconfident.FTSE8354.05-1.6%GBPUSD1.37220.18%Nikkei22538202.37-0.8%USDCAD0.6579-0.38%Fed'sCook:RapidgrowthinUSprivatecreditan"emergingvulnerability".CSI300-0.23AUDUSD0.6002-0.10%VIX3630.22NZDUSDECB'sWunsch:Seesa"path:forinitiatingcutsthisyear,costsofremainingtight13.00fortoolong"seemtooutweigh"costofeasingtoosoon.Thereis"roomtocutby50bps"butwhenwilldependondata.DebtCommoditiesUST10UST24.490.0...