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US Open Preview– Dollar index tumbles to 3-month low; FTSE at fresh record highs
December 29, 2017 11:27 amVideo
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Here are the latest developments in global markets:
Day ahead: German CPI index & Baker Hughes oil rig count gather attention
Looking forward, market moves are expected to be limited in the last trading day of the year, with German preliminary inflation figures and the US Baker Hughes oil rig count being the only to gather attention. German and UK are scheduled to close earlier than usual during today’s trading.
According to forecasts, the German CPI due at 1300 GMT is said to slow down to 1.5% on a yearly basis in December compared to 1.8% seen in November. If true, this would be the lowest level reached since May. On a monthly basis though, the measure is anticipated to climb by 0.2 percentage points to a nine-month high of 0.5%. The harmonized equivalent gauges will also accompany the above data.
In oil markets, the Baker Hughes company will give an indication of the number of active US oil rigs for the week ending December 22. The measure has been trending at two-year highs during 2017.
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