Daily digest market movers: Euro pares back losses
- The main economic event this Tuesday will be the US JOLTS Jobs Openings report for October. Expectations are for 7.48 million job openings against the previous 7.443 million, ahead of the retail-intensive Christmas Holiday period.
- Spanish Unemployment in November fell by around 16,000 people, coming from the 26,800 uptick in joblessness seen the previous month.
- European equities are rallying, with the German Dax hitting 20,000 points for the first time ever.
- European Central Bank (ECB) Executive Board member Piero Cipollone said on Tuesday that Europe is growing much less than it could, with upcoming US tariffs possibly lowering the growth outlook even more. This opens the door for larger rate cuts from the ECB, Bloomberg reports.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
If you like, reward to support.
Hot
No comment on record. Start new comment.