The German bunds rose during European session Tuesday amid a muted trading day that witnessed data of little economic significance. Investors will now be eyeing the country’s manufacturing PMI for the month of September, scheduled to be released on September 21 by 07:30GMT for further direction in the debt market.
The German 10-year bond yields, which move inversely to its price, slipped nearly 1 basis point to 0.449 percent, the yield on 30-year note slumped nearly 2 basis points to 1.089 percent and the yield on short-term 2-year traded tad lower at -0.544 percent by 09:00GMT.
It’s set to be an uneventful day in the major economies today. In the euro area, Italian industrial sales and orders figures for July are the only new economic data of note – recent hard data and surveys are already indicative of rising risks that Q3 will bring a third consecutive quarterly contraction in Italy’s manufacturing output, Daiwa Capital Markets reported.
Further, ECB President Draghi’s speech this morning in Paris avoided discussion of monetary policy, focussing exclusively on banking supervision issues. His speech tomorrow in Berlin, ostensibly on reforms to strengthen the euro area, might be of more interest to markets, the report added.
Meanwhile, the German DAX rose 0.54 percent to 12,159.46 by 09:10GMT, while at 09:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at 28.66 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex


Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty
Russia Stocks End Flat as Energy Shares Support MOEX Index
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns
South Korea Warns Weak Won Could Push Inflation Higher in 2025
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations
U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness 



