The German bunds remained narrowly mixed during European session Monday after the Eurozone’s consumer price inflation (CPI) for the month of November disappointed market investors, while the rise in trade balance offset the market pessimism.
The German 10-year bond yields, which move inversely to its price, hovered around 0.252 percent, the yield on 30-year note fell remained tad higher at 0.888 percent and the yield on short-term 2-year slipped 1/2 basis point to -0.611 percent by 10:15GMT.
The euro area annual inflation rate was 1.9 percent in November 2018, down from 2.2 percent in October. A year earlier, the rate was 1.5 percent. European Union annual inflation was 2.0 percent in November 2018, down from 2.2 percent in October. A year earlier, the rate was 1.8 percent, according to figures published by Eurostat, the statistical office of the European Union.
Further, the first estimate for euro area (EA19) exports of goods to the rest of the world in October 2018 was EUR209.7 billion, an increase of 11.4 percent compared with October 2017 (EUR188.3 billion).
Imports from the rest of the world stood at EUR195.8 billion, a rise of 14.8 percent compared with October 2017 (EUR170.5 billion). As a result, the euro area recorded a EUR14.0 billion surplus in trade in goods with the rest of the world in October 2018, compared with EUR17.8 billion in October 2017.
Meanwhile, the German DAX rose 0.11 percent to 10,876.61 by 10:20GMT, while at 10:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at -21.28 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex


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