Deutsch Data Disappoints, Mixed Open Expected for Euro Equities
November 20, 2015 6:16 am
German PPI figures released this morning show yet another fall in prices for October, making it the fourth fall in ten months. Though disappointing, the decline was both expected and moderate, so is unlikely to make market waves.
Traders will, however, be waiting for Draghi this morning and the Fed later in the day to glean central bank intentions. The ECB and Fed’s divergent strategies have long been set out, but the extent to which Europe will ease up and the US will tighten is still a matter of debate. Hopefully, a few more clues should appear today.
The slowdown in Chinese production continues to hit metal prices, with most still attempting to recover from multi-year lows. Gold is shedding most of its gains from yesterday this morning as it sees sustained downside action.
Overnight, Asian shares maintained gains, with both the Nikkei and Hang Seng closing 0.10% above open at 19879.81 and 22522.17 respectively.
EUR/USD traded between 1.07400 and 1.07100 throughout the night, but is currently heading to the downside as it pre-empts a fall in European markets.
Cable, likewise, remained steady between 1.53000 and 1.52800, now heading lower.
German PPI figures released this morning show yet another fall in prices for October, making it the fourth fall in ten months. Though disappointing, the decline was both expected and moderate, so is unlikely to make market waves.
Traders will, however, be waiting for Draghi this morning and the Fed later in the day to glean central bank intentions. The ECB and Fed’s divergent strategies have long been set out, but the extent to which Europe will ease up and the US will tighten is still a matter of debate. Hopefully, a few more clues should appear today.
The slowdown in Chinese production continues to hit metal prices, with most still attempting to recover from multi-year lows. Gold is shedding most of its gains from yesterday this morning as it sees sustained downside action.
Overnight, Asian shares maintained gains, with both the Nikkei and Hang Seng closing 0.10% above open at 19879.81 and 22522.17 respectively.
EUR/USD traded between 1.07400 and 1.07100 throughout the night, but is currently heading to the downside as it pre-empts a fall in European markets.
Cable, likewise, remained steady between 1.53000 and 1.52800, now heading lower.
Related Posts: