Page 3 - Services Confidence News Today

- No change to macro narrative over the weekend, following the beat in US nonfarm payrolls on Fri.

- Stocks move higher and bond yields lower as interest rate expectations are further dialed in after Fed Waller yesterday spoke about seeing case for rate cut in several months if inflation takes on course, suggesting a move in H1 2024, alongside a significant drop in German states and Spain’s CPI readings, ahead of Germany’s national reading at 08:00 ET.

EU Mid-Market Update: EU data on falling inflation and declining GDP pivoted bond yields to the downside on expectations of lower interest rates; Isra

- Germany state Sept CPI’s drop significantly compared to prior month. Accordingly, German economic weakness remains in focus with German Economic Ins

EU Mid-Market Update: Euro Zone CPI sees headline reading easing while core hit a fresh record high; focus turns to US jobs data. Notes/Observations -

The data published by the European Commission showed on Tuesday that the Economic Sentiment Indicator (ESI) for the Euro area improved to 93.7 in Nove

-Risk appetite drives forward after Wall Street snap's seven week losing streak. Asia closed 0.5-2.25% higher, Europe starts roughly 0.5-1.0% higher a

EU Mid-Market Update: Euro Area Apr PMI Manufacturing stays in expansion territory; focus on upcoming rate decisions during the week. Notes/Observatio

- EU GDP data showed for the most part the Region held up in Q4 (Beats: France, Spain; Miss: Germany); Results largely viewed as a result of mechanica

- French and German Nov Industrial Production miss expectations while exports grew despite persisting supply bottlenecks. - Euro Zone Dec Preliminary