Gunther

Industrial metals traded under pressure at the start of the new week, with Copper dropping from a two-month high, amid concerns over China’s economic growth following weak factory activity and profit data, despite Beijing’s recent efforts to boost the economy, ING’s commodity analysts Warren Patters

It was a sell the rumour, buy the fact kind of week, apparently. The fears of Donald Trump imposing massive tariffs on his first day in office did not materialise, and markets cheered. With previous week's US inflation data also still providing solace, equity markets gained, S&P 500 made a new r

Mexican Peso trims gains post-Trump inauguration amid tariff threats against Mexico and Canada. President Sheinbaum commits to defend Mexico's sovereignty, seeks dialogue with heightened US tensions. Mexico's Retail Sales show resilience in November; key inflation and economic activity data expected

UK wage growth rises. However, unemployment ticks up, and payrolls growth declines. UK bond yields remain stable, as market focuses on softening in jobs growth. Trump sets his sights on Canada and Mexico but leaves Europe out of tariff plans for now. Dollar is king as Trump moves back into the White

EU mid-market update: Risk appetite surges while market is laser-focused on Trump transition on Monday; Cool UK retail sales joins recent inflation reading to reinforce case for more BOE rate cuts in 2025. Notes/observations - European markets start the day on a positive note with DAX and FTSE100 hi

Yesterday offered an almost ideal news flow for global investors. First, the British inflation came in softer than expected. The most-watched services inflation eased from 5% to 4.4% last month, to the lowest since March 2022, and led to a much-needed relief in the UK gilt markets. The 10-year gilt

Eurozone’s industrial sector activity showed steady performance in November, the latest data published by Eurostat showed on Wednesday. Industrial output in the old continent came in 0.2% MoM in November, compared to the estimated increase of 0.3% and 0.2% recorded in October. Eurozone Industrial Pr

European Central Bank (ECB) Chief Economist Phillip Lane is speaking at Goldman Sachs' Global Macro conference in Hong Kong on Wednesday. Key quotes Economy is still recovering. Expect investment to pick up this year. Eurozone economic growth 1.1% in 2024, expects a firmer economic recovery in 2025.

S producer prices rose at a slower-than-expected pace in December, easing fears of tighter monetary policy. The PPI rose 0.2% in December, down from 0.4% in the previous month. And while price growth accelerated to 3.3% from 3.0% a year earlier, this was below the average forecast of 3.5%. Core PPI,