<p>The Eurostoxx is now down 0.5%, DAX down 0.5%, and CAC 40 down 0.6% on the day. Meanwhile, S&P 500 futures are also struggling and falling to session lows – down 0.4% on the day:</p><p>The selling from last week is continuing, even as bond yields are putting on a more tepid showing so far in […]
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Eurozone January Sentix investor confidence -15.8 vs -15.5 expected
<ul><li>Prior -16.8</li><li>Expectations -8.8</li><li>Prior -9.8</li></ul><p>Euro area investor sentiment improves for a third straight month to its highest level since last May. The expectations reading has also improved to its highest since February last year. However, any signs of a strong re
SNB total sight deposits w.e. 5 January CHF 468.8 bn vs CHF 462.9 bn prior
<ul><li>Domestic sight deposits CHF 457.1 bn vs CHF 453.2 bn prior</li></ul><p>That's a modest rise in Swiss sight deposits in the last week but the overall levels are still much lower than before. The SNB has just pivoted to a neutral monetary policy stance, so I'd expect sight deposits to not follow too muc
Market Outlook for the Week of 8-12 January
<p dir="ltr">Last week the U.S. jobs report surprised to the upside which could indicate the Fed won't be in a hurry to cut rates. The U.S. economy added 216K jobs in December compared with the 175K analyst expectation. The unemployment rate remained unchanged and the average hourly earnings rose slightly by 0.4%.</p><
Dollar steadier to start the session as risk stays guarded
<p>The greenback is in a decent spot as the session gets underway, maintaining a slight lead against most of the major currencies bloc. USD/JPY has pared losses from 144.30 to 144.55 now while the dollar is trading to the highs for the day against the likes of the aussie and kiwi. AUD/USD is down 0.4% […]
European equities lightly changed at the open
<ul><li>Eurostoxx -0.1%</li><li>Germany DAX +0.1%</li><li>France CAC 40 -0.1%</li><li>UK FTSE -0.3%</li><li>Spain IBEX -0.1%</li><li>Italy FTSE MIB flat</li></ul><p>US futures are also lightly lower at the balance with S&P 500 futures and Nasdaq future
FX option expiries for 8 January 10am New York cut
<p>There aren't any major expiries to take note of for the day. As such, trading sentiment will continue to revolve around the same theme from last week. The risk mood is one key driver to be wary about but also bond yields, as the latter will still play a role in impacting the dollar – […]
Switzerland December CPI +1.7% vs +1.5% y/y expected
<ul><li>Prior +1.4%</li><li>Core CPI +1.5% y/y</li><li>Prior +1.4%</li></ul><p>Both the headline and core annual inflation readings nudged a little higher in December, so that will keep the SNB guarded to loosen monetary policy any time soon. But with consumer prices holding below 2%, that will
Germany November trade balance €20.4 billion vs €17.9 billion expected
<ul><li>Prior €17.8 billion</li></ul><p>The trade surplus in Germany grew in November, largely due to a surge in exports (+3.7%) on the month and that helped to overshadow a notable increase in imports (+1.9%) as well.</p> This article was written by Justin Low at www.forexlive.com.
Germany November industrial orders +0.3% vs +1.0% m/m expected
<ul><li>Prior -3.7%; revised to -3.8%</li></ul><p>This series has been a bit of a volatile one in recent months due to one-off factors but appears to be normalising a little towards the year-end. Domestic orders were up 1.4% on the month while foreign orders declined by 0.4%. Looking at the breakdown:</p><ul&g