Oil Prices Fall as Saudi Supply Improves, Middle East Fears Ease 
Asian Stocks Rise After Fed Rate Hike 
Vietnam, U.S. Firms Plan 29 Deals Across Energy, Tech and Aviation 
East Germany Narrows Economic Gap With West but Wealth Divide Persists 
Iran Economic Crisis Forces Afghan Families to Return Home 
US Stock Futures Rally as Markets Digest Fed Rate Hike 
South Korea Producer Prices Rise 0.2% in August 
Gold Prices Rise as Oil and Treasury Yields Fall 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Add as a preferred source on Google
The German bunds jumped on the last trading day of the week after the European Central Bank (ECB) decided to continue its debt-buying operation even beyond September 2018, if required. Also, investors are closely eyeing the eurozone’s consumer price-led inflation index (CPI) for the month of November, scheduled to be released on December 16 by 10:00GMT.
The German 10-year bond yields, which move inversely to its price, plunged nearly 2 basis points to 0.29 percent, the yield on 30-year note slumped nearly 3 basis points to 1.10 percent and the yield on short-term 2-year traded flat at -0.73 percent by 08:40GMT.
After yesterday’s announcements from the Governing Council, which saw the ECB significantly revise up its GDP growth outlook but leave its inflation forecasts little changed, allowing Draghi to strike a dovish tone, it should be a relatively uneventful end to the week for euro-area economic news with the October trade report the most notable among the data releases. Given the narrowing of the German trade surplus that month, we also anticipate a modest decline in the euro area headline balance, from EUR25 billion in September.
Regarding non-standard monetary policy measures, the Governing Council confirmed that from January 2018 it intends to continue to make net asset purchases under the asset purchase programme (APP), at a monthly pace of EUR30 billion, until the end of September 2018, or beyond, if necessary, and in any case until the Governing Council sees a sustained adjustment in the path of inflation consistent with its inflation aim.
Meanwhile, the German DAX traded 0.20 percent down at 13,041.50 by 08:45 GMT, while at 08:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at -51.33 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
