Reply To: Traders Market Weekly: Big Tech Earnings and Global PMI


Major European indices trade well below their flat lines amid renewed concerns about growth.
European Central Bank policymaker Knot said that the central bank plans to implement multiple 50-bps rate hikes and that he sees no signs of a slowdown in underlying inflation.
EU Economic Commissioner Gentiloni said that the bloc is currently in a contraction that is likely to last two quarters.
Norway’s central bank left its policy rate at 2.75% but signaled a rate hike in March.
Eurozone’s November Current Account surplus EUR13.60 bln (expected deficit of EUR11.60 bln; last deficit of EUR4.50 bln)
Swiss December PPI -0.7% m/m (last -0.5%); 3.2% yr/yr (last 3.8%)
Spain’s November trade deficit EUR3.31 bln (last deficit of EUR6.85 bln)