German bonds hardly move
Flag of the Federal Republic of Germany. pixabay.com
FRANKFURT (dpa-AFX) – German government bonds barely moved on Thursday in an impulse-free trade. The trend-setting futures contract, the Euro Bund Future, rose at noon
After a flood of economic figures in the middle of the week, Thursday morning was less exciting. Growth figures from Germany confirmed the picture of a solid summer quarter. The prospects for the winter half-year, on the other hand, are considered bleak. Economists cite the new corona wave and the ongoing delivery problems in world trade as the main burden.
Meanwhile, figures from Spain confirmed the high inflation. In October, producer prices rose at a record pace by more than 30 percent compared to the same month last year. The producer prices flow into the cost of living, on which the European Central Bank (ECB) bases its monetary policy for the euro area, of which Spain belongs.
Meanwhile, the national holiday Thanksgiving slows down activity in the USA. No US economic data is expected in the afternoon. In the euro zone, market participants are likely to rummage through the minutes of the latest interest rate meeting of the European Central Bank (ECB) for monetary policy clues. The upcoming interest rate meeting of the ECB in December is considered important because the central bank wants to decide on the future of its corona crisis program Pepp./bgf/jsl/mis
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