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Focus turns to Global prelim PMIs

BUNDS
  • Bund remains under pressure, following one of the most Hawkish ECB yesterday.
  • Support moves up to 137.90, but better is seen towards 137.71 61.8% retracement of the Nov 8 - Dec 7 bull cycle.
  • Resistance moves down to 139.13 initially.
  • Main focus to end the year will be on Global prelim Services PMIs, as well as the final EU CPI reading.
  • Some focus on Quadruple witching which will likely provide some Volatility in Equities.
  • SUPPLY: Belgium 2045 and 2066.
  • SPEAKERS: ECB Holzmann, Centeno, Knot, while Fed’s Daly discusses Inflation and the Economy.

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