News Headline Summary
Markets lacking firm direction with light volumes and little newsflow; few economic data points and major central bank events are due this week, and investors remain cautious around the fiscal cliff and debt ceiling in the US...
Analysis details (14:42)
- EUR/USD trades range-bound heading into the US cross-over, and the USD-Index flat, trading down just 0.03%.
- Bund futures trade above their open of 144.71 at 144.84 last, consolidating after a volatile open.
- In the cash bourses, all are in the red with the exception of the FTSE MIB which outperforms as a correct following the solid sell-off seen last week.
- BTPs also outperform due to redemption flows, IT/GE 10s tighter by 6.5bps whereas Spain wider by 1.5bps.
17 Dec 2012 - 14:37
Subscribe Now to RANsquawk
Click here for a 1 week free trial
RANsquawk provides audio news and commentary for over 15,000
professional traders and brokers worldwide. Services include:
Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
Teams of analysts covering equities, fixed income, FX, energy, and metals markets
Real-time scrolling news service with instant analysis
Daily and weekly pre-market research and calendars
Video updates covering near-term key risk events & primary trading themes
One-to-one chat with our expert analysts