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North American Morning Briefing : Stock Futures Steady Ahead of GDP Report; More Earnings in Focus Too

MARKET WRAPS

Forex/Bonds:

German government bond yields and the euro showed little reaction to weaker-than-expected German Ifo business sentiment index , remaining slightly higher on the.
-January 25, 2024 at 06:21 am EST
- MarketScreener ....

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German jan IFO survey misses as pandemic darkens recovery hopes

1/25/2021 10:42:53 AM GMT
Notes/Observations
- German Jan IFO Survey misses across the board as 2nd wave of pandemic derails optimism
- Italian politics remain in focus; PM Conte could decide to resign in a tactical move to position himself to lead a new government if he’s set to fall short on a key vote mid-week
- US Congress negotiates over the fiscal stimulus amid the worsening pandemic; Some Republicans seek justification for the $1.9Ton price tag
- FOMC rate decision mid-week (1st meeting under the new Biden Administration); little change to policy was expected
Asia:
- China PBoC said to potentially use contingency reserve arrangement (CRA) to stabilize liquidity before Lunar New year ....

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