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STIR futures are on the backfoot this..........>

STIR
STIR: STIR futures are on the backfoot this morning on the back of positive risk
sentiment. This is partly being driven by a positive session for Asian equities
which have followed through from Friday's positive Chinese credit data; but also
headlines this morning that suggested that Brexit talks between the
Conservatives and Labour are progressing better than expected.
- The short sterling strip is down 0.5-1 tick across the curve, the Euribor
futures strip is within 0.5 ticks of Friday's close and the Eurodollar strip is
down 0.5-2.5 ticks across the curve.
- There are no notable data releases today and central bank speeches are only
scheduled for the NA afternoon session.
- The week ahead will see the Eurozone flash PMIs released on Thursday, US
releases of IP, trade and retail sales on Tues/Wed/Thurs and UK labour market
data tomorrow.

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