Financial Markets Daily Report 16 enero 2024
Economic data releases, central bank officials’ speeches and political developments were the main drivers of a session where US markets were closed due to Martin L. King’s Day. In Germany, 2023 GDP contracted by 0.3%, consistent with a 0.1% decline in Q4 2023 (which will be released on January 30th).
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- Economic data releases, central bank officials’ speeches and political developments were the main drivers of a session where US markets were closed due to Martin L. King’s Day. In Germany, 2023 GDP contracted by 0.3%, consistent with a 0.1% decline in Q4 2023 (which will be released on January 30th).
- On monetary policy, ECB’s Holzmann said that interest rate cuts expectations are too optimistic and that monetary policy easing in 2024 should not be taken for granted. Finally, on politics, Donald Trump secured a victory in the Iowa primary elections to lead the Republican party in the Presidential elections.
- In this context, yields on sovereign bonds edged up in the euro area, with peripheral spreads ticking up, and stock indices declined modestly. Today the focus will be on Germany’s ZEW survey for January and the China GDP figures, which will be released before the opening of tomorrow’s European trading session.