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Free AccessSome early optimism fading
Some of the early optimism seen in markets is fading somewhat. European equity futures are coming off their highs, Bunds have moved from a low of 174.07 to 174.30 at writing, while Dec-22 Eurodollar futures are 2 ticks off their lows of 98.98. There's been no real news driving the move.
- There is only second tier data due today. We have already had German consumer confidence (a bit soft) and UK public finance data. Later this morning we have Italian PPI and industrial production, UK CBI retail sales and the flash Eurozone consumer confidence indicator.
- Peripheral spreads are generally wider this morning.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.