BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
The German bunds rallied during afternoon session of second first trading day of the week Tuesday after the country’s gross domestic product (GDP) for the fourth quarter of 2019, released today, disappointed market investors, with eyes still on the European Central Bank’s (ECB) Governor Christine Lagarde’s speech, due to be delivered on February 26 by 13:30GMT.
The German 10-year bond yield, which move inversely to its price, slumped 3 basis points to -0.512 percent, the long-term 30-year yield plunged 3-1/2 basis points to -0.033 percent and the yield on short-term 2-year suffered 2-1/2 basis points to trade at -0.700 percent by 10:40GMT.
The gross domestic product (GDP) in the fourth quarter of 2019 compared to the third quarter of 2019 - adjusted for price, seasonal and calendar changes - did not increase any further.
As the Federal Statistical Office (Destatis) had already announced in its quick report on February 14, 2020 , there was a swinging start in the first quarter (+0.5 percent) and a decline in the second quarter (-0.2 percent) initially a slight recovery in the third quarter (+0.2 percent). This results in price-adjusted GDP growth of 0.6 percent for the whole of 2019 (also adjusted for calendar changes).
Meanwhile, the German DAX lost 1 percent to 12,892.92 by 10:45GMT.
