European markets remain pensive with big US and European readings lining up
London +0.08%. UK November payrolls changed by 107 thousand from 74 thousand previously
Germany +0.04%. German November CPI +10.0% vs +10.0% YoY
France -0.04%.
European Union Stoxx 600 little changed at the start of the session, with oil and gas inventories rising while utilities fell.
Swiss government predicts slowdown in economy but don’t expect a recession
Upcoming: The overall market mood is now more somber in anticipation of US CPI data coming later in the day.
Monetary policy decisions from the Bank of England, the European Central Bank and the Swiss National Bank.
Pay attention to the final CPI figures for November in Germany; ILO October unemployment rate in the UK; Germany’s ZEW Economic Sentiment Index for December.
In the bond market, the 10-year Treasury yield fell more than one basis point to 3.56%.
Germany’s 10-year yield rose about 2 basis points to 1.95%.
The yield on the UK 10-year bond rose more than 3 basis points to 3.23%.