Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review 
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
The German bunds slumped Tuesday after the country’s industrial production as well as trade balance for the month of November beat market expectations, also surpassing the readings in October. Now investors shall be looking forward to the 10-year bund auction, scheduled to be held on January 10 at 10:40GMT.
The German 10-year bond yields, which move inversely to its price, rose 1 basis point to 0.44 percent, the yield on the 30-year note climbed nearly 2 basis points to 1.27 percent and the yield on short-term 2-year traded nearly flat at -0.61 percent by 07:40GMT.
According to preliminary data from the Federal Statistical Office (Destatis) in November 2017, Industrial production increased by 4.3 percent in November 2017 compared to the previous month. Within the industrial sector, production of capital goods increased by 5.7 percent and consumer goods by 3.6 percent. Intermediate goods increased by 3.0 percent m/m. Outside of industry, energy production in November 2017 was 3.1 percent lower than in October 2017, with construction output up 1.5 percent.
Further, goods worth EUR116.5 billion were exported from Germany and goods worth 92.8 billion euros were imported. As reported by the Federal Statistical Office (Destatis) on the basis of preliminary results, German exports were 8.2 percent higher in November 2017 and imports 8.3 percent higher than in November 2016. Calendar and seasonally adjusted exports rose compared to the previous month October 2017 by 4.1 percent and imports by 2.3 percent.
The foreign trade balance closed in November 2017 with a surplus of EUR23.7 billion. In November 2016, the balance in the foreign trade balance was + EUR22.0 billion. Adjusted for the calendar and seasonally adjusted, the foreign trade surplus in November 2017 was EUR22.3 billion.
Meanwhile, the German DAX rose 0.36 percent to 13,367.78 by 10:15 GMT, while at 07:00GMT, the FxWirePro's Hourly Euro Strength Index remained highly bearish at -134.16 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex
Lastly, FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
