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Speakers and US Michigan in focus

BUNDS
  • The tightest overnight session for Bund, with 15 ticks (152.80/152.95) and 4.5k lots traded.
  • The contract has quickly closed the small overnight gap that was down to 154.70, and printed a 150.64 low, on the cash open, and has bounce to the upper end of the range.
  • Support for Bund moves up to 152.27 and resistance is at 153.17.
  • There's no Tier 1 data out of Europe, we do get Italian final CPI EU Harmonized YoY.
  • On the other side of the Pond, US retail Sales, IP and most of the attention, on Michigan.
  • Bank of Italy Releases the Quarterly Economic Bulletin.
  • SPEAKERS: ECB Rehn, Fed Bostic, Bullard, Daly.

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