8:00 - Germany PPI for October:
- YoY: -1.8%, Expected: -1,9%, Previous 1.7%
- MoM: 0.1%, Expected: 0,0%, Previous -0,1%
Improving monthly dynamic shows very minor improvement in business sentiment, that proved to exceed market expectations.
However, still, yearly dynamic is negative and maintains long-term decline trend.
Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall
BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge
EURUSD loses ground ahead of NFP
BREAKING: BoE raises interest rates by 25pbs to 4%⏰