"Do nothing" from ECB leaves the EURUSD supported...Commodity currencies look to recover.
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Next week´s key events USA Next week’s most important US data release is the Nov retail sales report. Nov retail sales (Thu) are expected to increase 0.5%, mainly driven by auto sales. The consensus is looking for a 0.2% rise …
We believe the CPI rose 0.1% month-on-month in November We estimate CPIF inflation at 0.9% y/y The gap to the Riksbank’s forecast thus narrows The November CPI will be released on Thursday, 12 December
The strong decline of German manufacturing orders by 2.2% over the month in October should be seen against the backdrop of a (revised) 3.1% increase in September. Especially capital goods orders are notoriously volatile because of big-ticket items like airplanes …
Upbeat economic figures continue to weigh on bonds. Equity markets still look heavy though. Draghi is not Father Christmas. Could Japanese take a fancy to European bonds? Solid US figures and good Spanish auction. Today is Payrolls day!
The ECB kept rates unchanged and confirmed its forward guidance – key interest rates will remain at the current level or lower for an extended period. The ECB is ready to consider all available conditions, but is not ready to act at this point.
Finnish GDP neither increased nor decreased in Q3 from the previous quarter, but fell by 1.0 % from the year earlier. The change from Q2 was very close to our expectations (anything near zero).
Good morning, Bonds take a beating as expectations of an early Fed move increase German 10-year yield rising to 1.5-month highs Equity markets losing momentum ADP – promises, promises Spain to remain in investment grade category US budget deal inching …