Reply To: Traders Market Weekly: Embrace the Chaos in 2023

#49708
Truman
Participant

Eurozone’s October Current Account deficit EUR400 mln (last deficit of EUR8.10 bln)
Germany’s November PPI -3.9% m/m (expected -2.5%; last -4.2%); 28.2% yr/yr (expected 30.6%; last 34.5%)
Swiss November trade surplus CHF2.31 bln (last surplus of CHF4.27 bln)
Germany’s PPI decreased for the second consecutive month in November, which slowed the yr/yr growth rate to 28.2% from 34.5%.
European Central Bank policymaker Nagel repeated that additional robust steps on rates need to be taken while policymaker Kazimir said that policy should tighten at a stable pace.