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EUR Market Wrap

CREDIT PRE-MARKET
  • Bunds closed just off intraday richest levels at 1-3bps richer as markets digest the afternoon’s data -the ISM survey consisted of a stronger than expected headline reading and a slight moderation in prices paid expansion.
  • Main/XO closed -1bp/-5bp while €IG/€HY was +1bp/flat with Energy and Fins lagging slightly though they remain the best performers MoM.
  • SXXP ended +0.8% while SPX was +1.2%. Notable €IG movers included ASML +8%, Mobico +4%.
  • Asian equities are mixed but broadly higher in what our DM team describes as a quieter week for HK/Chinese markets. Stoxx 50 futures are +0.4%. Up today:


GMT/Local

Impact

Country

Event

0545/0745

**

CH

Unemployment

0600/0800

**

DE

Manufacturing Orders

0700/0900

**

ES

Industrial Production

0730/0930

**

EU

S&P Global Final Eurozone Construction PMI

0800/1000

*

IT

Retail Sales

0830/0930

**

UK

S&P Global/CIPS Construction PMI

0830/0930

UK

BOE's Decision Maker Panel Data

0900/1100

**

EU

Retail Sales

1215/1415

***

EU

ECB Deposit Rate

1215/1415

***

EU

ECB Main Refi Rate

1215/1415

***

EU

ECB Marginal Lending Rate

1230/0830

***

US

Jobless Claims

1230/0830

**

US

WASDE Weekly Import/Export

1230/0830

**

US

Trade Balance

1230/0830

**

US

Non-Farm Productivity (f)

1230/0830

**

CA

International Merchandise Trade (Trade Balance)

1245/1445

EU

ECB Monetary Policy Press Conference

1400/1000

*

CA

Ivey PMI

1415/1615

EU

ECB's Lagarde presents monpol decision on podcast

1430/1030

**

US

Natural Gas Stocks

1530/1130

**

US

US Bill 04 Week Treasury Auction Result

1530/1130

*

US

US Bill 08 Week Treasury Auction Result

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