<ul><li>Eurostoxx -0.8%</li><li>Germany DAX -0.7%</li><li>France CAC -0.8%</li><li>UK FTSE -0.6%</li><li>Spain IBEX -0.7%</li><li>Italy FTSE MIB -0.8%</li></ul><p>It's not a good look at the open as European equities are playing catch up in part to the de
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China's major state-owned banks reportedly actively defending the yuan this week
<p>The state banks were seen active in both the onshore and offshore markets, in an attempt to contain the yuan's slide amid a firmer dollar. The sources say that they were seen swapping yuan for the dollar in the onshore swap market before quickly selling those dollars at spot in order to bolster support for […]
UK December Halifax house prices +1.1% vs +0.5% m/m prior
<ul><li>Prior +0.5%</li></ul><p>UK house prices picked up in the final month of the year for a third month running, with the average house price nudging up to £287,105 – its highest since March 2023. On an annual basis, house prices actually were up by 1.7% as the latest increase tips the scales and that's q
Germany November retail sales -2.5% vs -0.1% m/m expected
<ul><li>Prior +1.1%</li></ul><p>Ouch. That's a big miss on German retail sales on the month and it shows that even with the typical Christmas promotions before the December month, it is not enough to bolster activity in November. But keep in mind that October was a good month, so the drop here is in part due to [&
Markets continue to stick to the new year's script for now
<p>10-year Treasury yields are up 3 bps to 4.02% and that threatens a break of the 4% mark, which has held the topside so far this week. But gradually, that has fueled dollar gains and we are seeing that again today with USD/JPY now rising to 145.30 – its highest in over three weeks.</p><p>The dollar […]
USD/JPY nudges above 145.00 to over three-week highs
<p>The pair is now aiming for four straight days of gains since the turn of the year, with the latest push higher today looking to take out the 145.00 mark. Price is now trading to 145.25 – its highest since 13 December – and also pushing past the 61.8 Fib retracement level of the swing […]
Eurozone inflation coming up but all eyes are on US data later today
<p>The dollar continues to be in decent shape to start the new year, as 10-year Treasury yields nudge back up to the 4% mark this week. USD/JPY is the one to watch as it runs up towards a test of the 145.00 level once again, where the post-BOJ gains in December was held back. Can […]
Ex-DHS officials back Johnson’s aggressive border stance in funding fight, say GOP must have ‘clear resolve’
<p>FIRST ON FOX: Conservative former Department of Homeland Security (DHS) officials are backing Speaker Mike Johnson’s aggressive stance on border security when it comes to ongoing negotiations over a supplemental spending agreement — calling on Republicans to have “clear resolve” about the crisis. In a statemen
SpaceX sues US agency that accused it of firing workers critical of Elon Musk By Reuters
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Nike a top pick at Bernstein but Adidas cut on elevated consensus By Investing.com
<p> <br /> </p> <div> <div> <img decoding="async" alt="Nike a top pick at Bernstein but Adidas cut on elevated consensus" id="carouselImage" src="https://i-invdn-com.investing.com/news/LYNXNPEB8N15L_L.jpg" style="visibility:hidden" /><br /> <span>© Reu