Reply To: Traders Market Weekly: Inflation and Bank Earnings

#50691
Truman
Participant

Sovereign bond yields have come down nicely in response to the inflation data.
The 10-yr German bund yield is down 12 basis points to 2.27%. EUR/USD +0.6% to 1.0609.
Eurozone’s December Services PMI 49.8 (expected 49.1; last 48.5)
Germany’s November Import Price Index -4.5% m/m (expected -1.6%; last -1.2%) and +14.5% yr/yr (expected +18.0%; last +23.5%); December Services PMI 49.2 (expected 49.0; last 46.1)
France’s December CPI -0.1% m/m (expected +0.4%; last +0.3%) and +5.9% yr/yr (expected +6.4%; last +6.2%)
Spain’s December Services PMI 51.6 (expected 50.8; last 51.2)
Italy’s December Services PMI 49.9 (expected 49.5; last 49.5)
UK’s November Mortgage Approvals 46.08K (expected 55.00K; last 57.88K)
Switzerland’s December CPI -0.2% m/m (expected -0.2%; last +0.1%) and +2.8% yr/yr (expected +2.9%; last +3.0%)