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Prior -1.5% This makes it a double whammy in terms of German data alongside the industrial orders here today. Not even Black Friday or Cyber Monday sales were enough to salvage the month, even if retail sales are seen 2.5% higher compared to November last year. This article…

Prior -1.5% The big dip here comes as large-scale orders were toned down again in November, compared to the month before. Incoming orders for other vehicle construction (aircraft, ships, trains, military vehicles) were down 58.4% on the month and that largely contributed to the headline figure we’re seeing.…

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USD/CNY has just touched the upper band (lower band for the yuan currency) of its daily trading range at 7.3325 for today. For some context, the PBOC fixed the pair at 7.1887 today here and it can fluctuate 2% either above or below the fix/midpoint. It’s a rough…

The US ADP roulette and weekly jobless claims (yes, on a Wednesday) will be the main highlights for markets. That of course follows the ISM services PMI and JOLTS job openings data from yesterday. As such, European morning trade is likely to be more of a placeholder somewhat…

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