Reply To: Traders Market Weekly: Santa Brought Coal in 2022

#49262
Truman
Participant

Germany’s ZEW Economic Sentiment survey improved to its best level since turning negative in March.
A temporary stabilization in energy markets was credited for the improved outlook.
Lufthansa raised its guidance due to a rebound in bookings. Germany’ Engineering Federation reiterated its forecast for 2022 production growth of 1.0% and a 2.0% decline in 2023.
Switzerland maintained its 2022 growth forecast at 2.0% but the outlook for 2023 was trimmed to 1.0% from 1.1%.
Eurozone’s December ZEW Economic Sentiment -23.6 (expected -25.7; last -38.7)
Germany’s December ZEW Economic Sentiment -23.3 (expected -26.4; last -36.7) and ZEW Current Conditions -61.4 (expected -57.0; last -64.5). November CPI -0.5% m/m, as expected (last 0.9%); 10.0% yr/yr, as expected (last 10.4%)
U.K.’s October three month employment change 27,000 (expected -17,000; last -52,000). October Average Earnings Index + Bonus 6.1% yr/yr (expected 6.2%; last 6.0%). October Unemployment Rate 3.7%, as expected (last 3.7%). November Claimant Count 30,500 (expected 3,500; last -6,400)
Italy’s October Industrial Production -1.0% m/m (expected -0.4%; last -1.7%); -1.6% yr/yr (expected -0.1%; last -0.5%)