The German bunds gained during European session Monday after the country’s industrial production for the month of August missed market expectations, albeit improving from the prior reading in July. Investors will now be closely eyeing the trade balance for the similar period, scheduled to be released on October 9 by 06:00GMT.
The German 10-year bond yields, which move inversely to its price, fell nearly 1-1/2 basis points to 0.551 percent, the yield on 30-year note slipped 1 basis point to 1.171 percent and the yield on short-term 2-year traded 1-1/2 basis points lower at -0.554 percent by 08:50GMT.
Production in the manufacturing industry was, according to preliminary data from the Federal Statistical Office (Destatis) price, seasonal and calendar adjusted 0.3 percent lower than the previous month in August 2018. For July 2018, after revision of the preliminary results, a decrease of 1.3 percent compared to June 2018 (provisional value: -1.1 percent).
Industrial production fell by 0.1 percent in August 2018 compared with the previous month. Within the industrial sector, production of capital goods fell by 0.7 percent. In consumer goods, it increased by 1.4 percent. For intermediate goods, it rose by 0.1 percent m/m. Outside of industry, energy production in August 2018 was 1.3 percent higher than in July 2018, with construction output down 1.8 percent.
Meanwhile, the German DAX fell 0.83 percent to 12,011.17 by 08:55GMT, while at 08:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at -66.40 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex


Thailand Inflation Remains Negative for 10th Straight Month in January
Australia’s December Trade Surplus Expands but Falls Short of Expectations
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
China Services PMI Hits Three-Month High as New Orders and Hiring Improve
Dollar Steady as Fed Nomination and Japanese Election Shape Currency Markets
U.S. Stock Futures Edge Lower as Tech and AI Stocks Drag Wall Street Ahead of Key Earnings
Paul Atkins Emphasizes Global Regulatory Cooperation at Fintech Conference
Japan’s Agricultural, Forestry and Fishery Exports Hit Record High in 2025 Despite Tariffs
Trump Extends AGOA Trade Program for Africa Through 2026, Supporting Jobs and U.S.-Africa Trade
Gold Prices Rebound Near Key Levels as U.S.-Iran Tensions Boost Safe-Haven Demand 



