Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

German bunds jump ahead of July ZEW economic sentiment data, Eurozone June CPI

The German bunds jumped during European session Monday ahead of the country’s ZEW economic sentiment data for the month of July, scheduled to be released on July 16 by 09:00GMT and eurozone’s consumer price inflation (CPI) for the month of June, due on the following day by 09:00GMT.

The German 10-year bond yields, which move inversely to its price, slumped nearly 2-1/2 basis points to -0.270 percent, the yield on 30-year note also plunged 2-1/2 basis points to 0.363 percent and the yield on short-term 2-year traded tad lower at -0.734 percent by 09:40GMT.

Ahead of next week’s ECB meeting, this week brings a few releases of note including final euro area inflation figures for June on Wednesday. Like the French number (1.4 percent), Friday’s final estimate of Spanish inflation on the EU measure was left unrevised from the flash (0.6 percent y/y, down 0.3ppt principally due to a sharp drop in the transportation component), Daiwa Capital Markets reported.

"Given the upside revision to the German final figure (up 0.2ppt from the flash to 1.5 percent y/y), we expect the euro area’s headline CPI rate to be revised higher from the flash estimate of 1.2 percent y/y, which was unchanged from May. Risks to the preliminary core inflation rate – which increased 0.3ppt to 1.1 percent y/y – are also skewed to the upside," the report added.

Politics-wise, MEPs will vote tomorrow evening whether or not to reject the EU leaders' nomination to be the next head of the European Commission, Ursula von der Leyen.

Meanwhile, the German DAX traded tad -0.11 percent lower at 12,310.08 by 09:45GMT

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 820391820391m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 820391820391m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 832211832211m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 820391820391m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 832211832211m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 820391820391m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 820391820391m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 820391820391m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.