Central bankers continue to dial back rate cut expectations
- German Ifo business sentiment data which were in line with analyst expectations.
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- German Ifo business sentiment data which were in line with analyst expectations.
EU mid-market update: Earnings from mega-caps like LVMH and Intel remain in focus; ECB speak sees rate cuts weighted towards back half; FOMC and BOE decisions next week.
- Price action subdued amid a holiday lull leading up to the New Year.
EU mid-market update: Traders look to upcoming jobs report for additional clarity on US economy; Awaiting Hezbollah leader announcement as Israel on 'very very high alert'.
- Little change to macro picture overnight following ECB rate decision. Major earnings continue to come in. Concern over bond yields dissipates slight