German fixed income futures have edged........>

BUNDS: German fixed income futures have edged higher in early dealing this week.

Schatz +0.015, Bobls +0.060, Bunds +0.13.

- The weekend saw ECB's Nowotny (one of the more hawkish ECB members) pointing

to a need for caution when the ECB finally embarks on its hiking cycle.

Elsewhere, Nowotny noted that he is unclear re: the duration of the current

economic volatility in Germany.

- Italy's Tsy minister attempted to play down worries re: recession over the

weekend.

- French President Macron stuck hid central reform agenda in an address made

over the weekend. 

- Also worth noting that political uncertainty is evident in Greece, with the

junior coalition party leaving the government over the weekend, with a

confidence vote in the government now scheduled for this week.

- Final Dec German CPI data is due Wednesday, with various ECB speakers due

throughout the week. The meaningful vote on Brexit will also draw attention, and

is scheduled for Tuesday.