The German government bonds slumped Thursday after investors have shrugged-off the decline in the country’s industrial production for the month of July, besides, the European Central Bank’s (ECB) monetary policy decision, due by 11:45GMT, which will add further direction to the debt market.
The German 10-year bond yields, which moves inversely to its price, jumped nearly 2 basis points to 0.35 percent, the yield on the 30-year note climbed 1-1/2 basis points to 1.12 percent and the yield on short-term 2-year traded 1 basis point higher at -0.72 percent by 08:45GMT.
Following yesterday’s weaker-than-expected German factory orders data, this morning’s industrial production figures from the largest euro area member state were also softer than anticipated. Having fallen by 1.1 percent m/m in June, production was unchanged in July. However, the weakness that month was concentrated mainly in the energy sector, while manufacturers saw output grow by 0.3 percent m/m and construction sector activity rose by 0.5 percent m/m after two consecutive months of declines.
Meanwhile, the German DAX traded 0.88 percent higher at 12,320.50 by 09:10 GMT, while at 09:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at -16.91 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
Australia’s December Trade Surplus Expands but Falls Short of Expectations
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 



