EGB OPTIONS: Bund put fly buyer

Mar-24 09:54

RXK3 137/135/133p fly, bought for 27.5 in 7k

Historical bullets

GERMAN DATA: IFO Adds to Outlook Sentiment Boost

Feb-22 09:39

GERMANY FEB IFO BUSINESS CLIMATE 91.1 (FCST 91.2); JAN 90.1r

GERMANY FEB IFO CURRENT COND 93.9 (FCST 95.0); JAN 94.1

GERMANY FEB IFO EXPECTATIONS 88.5 (FCST 88.4); JAN 86.4

  • The German IFO survey saw modest improvements in February.
  • The indexes were up one point on the business climate index and up 2.1 points in expectations, largely in line with consensus expectations. Overall, optimistic outlooks are driving improvements.
  • The IFO current assessment was weaker than anticipated, edging down by 0.2 points, highlighting that the economy continues to face significant headwinds.
  • Services was boosted in particular by hospitality and tourism.
  • Manufacturing sentiment was the highest since May 2022, as rebounding expectations outweighed the further weakening in new orders.
  • Easing inflation and lower energy prices (aided by government price caps) are boosting 2023 outlooks. Easing China restrictions should improve export demand for Germany, which has been a key downward driver in factory orders over the past months.

RUSSIA: Putin to Meet China's Wang Yi Today

Feb-22 09:32

Wires reporting that Putin will meet China's State Councillor Wang Yi today. Foreign Minister Sergei Lavrov will also meet with Wang Yi, who is expected to propose a fresh peace deal. European officials familiar with the plan said it is expected to include calls for a cease-fire and for a halt to arms deliveries to Ukraine, Bloomberg reported.

MNI: BAVARIA JAN CPI +0.7% M/M, +8.8% Y/Y

Feb-22 09:26



  • MNI: BAVARIA JAN CPI +0.7% M/M, +8.8% Y/Y