MNI: UK FINAL JAN MANUF PMI 48.3 (FLASH: 48.2); DEC 47.0

MNI: EUROZONE FINAL JAN MANUF PMI 46.6 (FLASH: 46.1); DEC 45.1

MNI: GERMANY FINAL JAN MANUF PMI 45.0 (FLASH: 44.1); DEC 42.5

MNI BRIEF: Fed's Goolsbee Supports Slowing Rate Cuts

MNI BRIEF: US Dec Core PCE Inflation In Line With Expectations

MNI BRIEF: Fed's Bowman Wants Inflation Progress Before Cuts

MNI: FRANCE FINAL JAN MANUF PMI 45.0 (FLASH: 45.3); DEC 41.9

MNI: ITALY JAN MANUF PMI 46.3 (FCST: 46.9); DEC 46.2

MNI: SPAIN JAN MANUF PMI 50.9 (FCST: 53.5); DEC 53.3

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

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BUNDS: Some Cash led selling interest on the Open

BUNDS
BundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • Some early selling interest, potentially Cash led has pushed the German Bond strip to its session low, albeit still in limited range.
  • The German 10yr Bund saw its best single hourly move since the last US Core PCE and the FOMC, gaining 97 ticks throughout Yesterday's afternoon session.
  • Yesterday's high of 131.63 has held so far today, printed a 131.61 high.
  • Some Technical will look at 131.71 for the next immediate resistance, but better is seen at 131.91, the 23.6% retracement of the massive 690 ticks fall (from the 2nd Dec high).
  • A pullback down to 130.70 would represent a US CPI reversal.
  • The German final CPI was inline, just a 1 tenth higher revision on the MoM reading, the UK Data was a slight miss, but the German strip has seen selling interest on the Cash open.
  • Italy final CPI is the only other release out of Europe, as such, focus today is on the US IJC and Retail Sales.
  • ECB will also release its account of the last meeting.
  • SUPPLY: Spain 5, 12s, 25s.
  • SYNDICATION: Ireland 30yr.
  • SPEAKERS: ECB Panetta.
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  • Some early selling interest, potentially Cash led has pushed the German Bond strip to its session low, albeit still in limited range.
  • The German 10yr Bund saw its best single hourly move since the last US Core PCE and the FOMC, gaining 97 ticks throughout Yesterday's afternoon session.
  • Yesterday's high of 131.63 has held so far today, printed a 131.61 high.
  • Some Technical will look at 131.71 for the next immediate resistance, but better is seen at 131.91, the 23.6% retracement of the massive 690 ticks fall (from the 2nd Dec high).
  • A pullback down to 130.70 would represent a US CPI reversal.
  • The German final CPI was inline, just a 1 tenth higher revision on the MoM reading, the UK Data was a slight miss, but the German strip has seen selling interest on the Cash open.
  • Italy final CPI is the only other release out of Europe, as such, focus today is on the US IJC and Retail Sales.
  • ECB will also release its account of the last meeting.
  • SUPPLY: Spain 5, 12s, 25s.
  • SYNDICATION: Ireland 30yr.
  • SPEAKERS: ECB Panetta.