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Tuesday, December 10, 2024

European Markets Wrap-Up: Germany November final CPI +2.2% vs +2.2% y/y prelim

Germany November final CPI +2.2% vs +2.2% y/y prelim

Prior +2.0% HICP +2.4% vs +2.4% y/y prelim Prior +2.4% Core annual inflation is seen at 3.0% on the month, and that is slightly higher compared to the 2.9% reading in October. Stagflation much for Eur... 

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China has full confidence in achieving this year's economic target - Xi

China is to continue to play the role of the largest engine of global economic growth There will be no winners in tariff wars, trade wars, tech wars For some context, China's 2024 GDP target is for "g... 

A light one on the data docket in Europe today

The dollar continues to keep steadier in the new week, with a more negative risk mood overnight keeping other major currencies in check. USD/JPY was a modest mover as it climbed back above 151.00, hel... 

RBA's Bullock: I don't know if we're going to be cutting rates in February

Cannot describe an exact scenario on what may lead to us cutting rates in February There are many configurations in the data that might potentially lead us in that direction But honestly don't know if... 

RBA's Bullock: We did not explicitly consider an interest rate cut today

We looked at what we found since the previous meeting And used that to ask the question whether the current policy stance is appropriate or not The discussion was mostly about the economic changes and... 

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Latest Forex Orders

FX option expiries for 10 December 10am New York cut

There are arguably just two to take note of on the day, as highlighted in bold . And they are both for EUR/USD at the 1.0500 and 1.0600 levels, sandwiching the current spot price. That should help kee... 

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