Reply To: Traders Market Weekly: Short Squeezes and Bond Markets

#51321
Truman
Participant

The British economy expanded slightly in November despite expectations for a contraction. Bank of England policymaker Mann said that more needs to be done on rates and there is no risk of overtightening yet.
British Chancellor of the Exchequer Hunt said that the plan to cut inflation by half in 2023 should remain in place. European Central Bank policymaker Kazaks said that rates should be raised into restrictive territory and that he does not expect rate cuts to take place before the end of the year.
Eurozone’s November Industrial Production 1.0% m/m (expected 0.5%; last -1.9%); 2.0% yr/yr (expected 0.5%; last 3.4%). November trade deficit EUR11.70 bln (expected deficit EUR21.10 bln; last deficit of EUR27.00 bln)
Germany’s 2022 GDP 1.9% (expected 1.8%; last 2.6%)
U.K.’s November GDP 0.1% m/m (expected -0.3%; last 0.5%); 0.2% yr/yr (expected 0.3%; last 1.5%). November Industrial Production -0.2% m/m (expected -0.3%; last -0.1%); -5.1% yr/yr (expected -3.0%; last -4.7%). November Manufacturing Production -0.5% m/m (expected -0.2%; last 0.7%); -5.9% yr/yr (expected -4.8%; last -5.7%). November Construction Output 0.0% m/m (expected -0.3%; last 0.4%); 4.0% yr/yr (expected 5.4%; last 5.9%). November trade deficit GBP15.62 bln (expected deficit GBP14.90 bln; last deficit GBP12.26 bln)
France’s December CPI -0.1% m/m, as expected (last 0.3%); 5.9% yr/yr, as expected (last 6.2%)
Italy’s November Industrial Production -0.3% m/m (expected 0.3%; last -1.1%); -3.7% yr/yr (last -1.6%)
Spain’s December CPI 0.2% m/m (expected 0.3%; last -0.1%); 5.7% yr/yr (expected 5.8%; last 6.8%)