📆 Friday, January 5
► Global markets displayed mixed sentiments as investors awaited crucial US jobs data (13:30 UTC+0), which is expected to influence the Federal Reserve’s interest rate decisions. European equity futures saw a sharp decline (Stoxx 600 -0.8%), while Asian stocks presented a varied picture. Geopolitical tensions in the Middle East remain a concern for investors, with recent events in Iran raising fears of escalating regional conflict.
► In Europe, the Stoxx 50 futures fell by 0.8%, reflecting a cautious stance among European investors. Today’s focus is on the Eurozone inflation data which shows a slowdown in disinflation (at now 2.9% YoY up from 2.4% YoY in November). The slowing disinflation – very expectable for a December month, reduces the possibility for the ECB to cut rates. Germany reported a significant decrease in retail sales both year-over-year and month-over-month, falling short of market expectations.
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