Canada-US Trade Talks Gain Momentum Ahead of Aug. 19 Tariff Deadline 
Iran War Escalates as US, Houthis Target Ships Near Key Oil Routes 
US Dollar Slips as Weak Retail Sales Reduce Fed Rate Hike Bets 
France Inflation Rises 2.4% in July as Consumer Prices Increase 
Gold Prices Slip From Two-Month High as Inflation and Fed Outlook Drive Markets 
US Dollar Slips as Softer PPI Data Eases Fed Rate Hike Expectations 
Strait of Hormuz Shipping Near Standstill After New Vessel Attacks 
Gold Prices Slip From 10-Week High as Fed and Hormuz Risks Shape Outlook 
Trump Imposes New Tariffs on Drone Imports Over US Security Concerns 
Trump Imposes New US Tariffs on Drone Imports Over National Security Concerns 
KOSPI Eyes Best Weekly Gain Since June as Samsung, SK Hynix Rally 
Add as a preferred source on Google
The German bunds trended downwards at the start of Monday’s European session amid a silent trading day that witnessed data of little economic significance. Also, investors are awaiting the country’s employment report for the month of March, scheduled for later in the week that will impart detailed direction to the debt market.
The German 10-year bond yields, which move inversely to its price, rose nearly 1 basis point to 0.53 percent, the yield on the 30-year note edged 1 basis point higher to 1.17 percent and the yield on short-term 2-year too traded 1-1/2 basis points lower at -0.57 percent by 08:35GMT.
It’s a low-key start to the week for economic data from the euro area. Indeed, the most notable figures of the day have already been released, with the final estimates of French GDP in Q4 showing an upwards revision to the growth of 0.1ppt from the previous estimate to 0.7 percent q/q, the strongest pace since Q1 2017.
Looking at the major expenditure components, private consumption was a touch weaker than previously thought, growing only 0.2 percent q/q vs 0.3 percent q/q in the preliminary estimate. However, this effect was offset by slightly stronger investment growth (1.2 percent q/q vs 1.1 percent q/q) and a higher contribution from net exports, which was mainly accounted for by weaker imports. The new figures left full-year French GDP in 2017 2 percent higher compared to 2016.
"We expect to see a similar pace this year, despite the fact that quarterly GDP growth rates are likely to moderate in line with the less upbeat economic sentiment surveys seen of late," Daiwa Capital Markets commented in its latest report.
Meanwhile, the German DAX gained 0.70 percent to 11,966.86 by 08:40GMT, while at 08:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at 27.47 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex
Lastly, FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
