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Attention turns to US NFP and AHE

BUNDS
  • A tight overnight range for Bund (22 ticks), and the contract trade close to yesterday's settlement level (settled at 137.21) as the street awaits US NFP and AHE.
  • In terms of technical, the contract trades within two gaps, up to 138.13 to the upside and down to 136.46/136.31 to the downside.
  • The German Factory orders big miss had very little impact on the cash open, and more volumes is going through in the shorter end 2yr Schatz since the cash open.
  • Today, sees French and Spanish IP, EU PPI, as well as Services PMIs out of Europe, but final reading for for France, Germany, EU.
  • All the focus is on the US this afternoon, with range for NFP of 80k/300k, median 195k and whisper of 245k.
  • SPEAKERS: ECB Nagel, Guindos, Lagarde, BoE Pill and Fed Collins.

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