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

#49462
Truman
Participant

Several European Central Bank policymakers have repeated that more rate hikes are on the way.
Germany’s Bundesbank raised its 2023 CPI forecast for Germany to 7.2% from 4.5% while the GDP forecast was cut to -0.5% from +2.4%. The growth outlook for 2024 was trimmed to 1.7% from 1.8% while the CPI forecast was raised to 4.1% from 2.6%.
Eurozone’s November CPI -0.1% m/m, as expected (last 1.5%); 10.1% yr/yr (expected 10.0%; last 10.6%). November Core CPI 0.0% m/m (expected 0.6%; last 0.6%); 5.0% yr/yr, as expected (last 5.0%). October trade deficit EUR26.50 bln (expected deficit of EUR44.50 bln; last deficit of EUR34.50 bln). Flash December Manufacturing PMI 47.8 (expected 47.1; last 47.1) and flash Services PMI 49.1 (expected 48.5; last 48.5)
Germany’s flash December Manufacturing PMI 47.4 (expected 46.3; last 46.2) and flash Services PMI 49.0 (expected 46.3; last 46.1)
U.K.’s November Retail Sales -0.4% m/m (expected 0.3%; last 0.9%); -5.9% yr/yr (expected -5.6%; last -5.9%). November Core Retail Sales -0.3% m/m (expected 0.3%; last 0.7%); -5.9% yr/yr (expected -5.8%; last -6.4%)
France’s flash December Manufacturing PMI 48.9 (expected 48.2; last 48.3) and flash Services PMI 48.1 (expected 49.1; last 49.3)
Italy’s October trade deficit EUR2.12 bln (last deficit of EUR6.51 bln). November CPI 0.5% m/m, as expected (last 0.5%); 11.8% yr/yr, as expected (last 11.8%)