Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
The German bunds slipped during European session on Friday as investors cashed in profits after debt prices rose a week high. Also, higher than expected October business expectations pushed out traders from safe-haven buying.
The German 10-year bond yield, which move inversely to its price, surged 2 basis points to -0.389 percent, the yield on 30-year note also gained 2 basis points to 0.100 percent while the yield on short-term 2-year traded nearly flat at -0.662 percent by 11:07GMT.
On the other hand, UK PM Boris Johnson announced yesterday that, if the EU grants a three-month Brexit extension, his government will submit a motion on Monday, 28 October for a general election on 12 December. The GBP came under some pressure, core government bonds were a tad higher early today while investors retained a cautious stance on risk assets, Eurobank noted.
On the data front, IFO business expectations index to 91.5 for October, up from previous month’s 90.9 and market consensus of 91.0.
Next week, investors would focus on the Federal Reserve monetary policy decision where it is widely expected to lower its fed funds rate to 1.50-1.75 percent – its third cut third year.
Meanwhile, the German DAX remained tad 0.12 percent lower at 12,856.81 by 11:10GMT.
