Quiet weekend and Monday lets theme pivot on upcoming speakers and US CPI later in week
- No change to macro narrative over the weekend, following the beat in US nonfarm payrolls on Fri.
Source: fxstreet.com
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Fed's Waller and ECB's Stournaras talk rate cuts
- 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.
Source: fxstreet.com
EU data on falling inflation and declining GDP pivoted bond yields
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
Source: fxstreet.com
German state CPI readings but higher bond yields as debt concerns and price of Oil adds to worries
- Germany state Sept CPI’s drop significantly compared to prior month. Accordingly, German economic weakness remains in focus with German Economic Ins
Source: fxstreet.com
Eurozone CPI sees headline reading easing while core hit a fresh record high
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 -
Source: fxstreet.com