LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)

Feb-16 06:18
Date Time Country Event
16-Feb 0915 EU ECB Panetta Discussion at Centre for European Reform
16-Feb 1500 EU ECB Lane Dow Lecture at NIES London
16-Feb 1945 EU ECB de Guindos Students Discussion
17-Feb 0700 DE PPI
17-Feb 0745 FR HICP (f)
17-Feb 0900 EU EZ Current Account
20-Feb 0700 DE PPI
20-Feb 1000 EU Construction Production
20-Feb 1500 EU Consumer Confidence Indicator (p)
21-Feb 0745 FR Retail Sales
21-Feb 0815 FR S&P Global Services/Manufacturing PMI (p)
21-Feb 0830 DE S&P Global Services PMI (p)
21-Feb 0900 EU S&P Global Services PMI (p)
21-Feb 1000 DE ZEW Current Conditions / Expectations Index

Historical bullets

LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)

Jan-17 06:18
Date Time Country Event
17-Jan ---- EU ECB de Guindos at ECOFIN Meeting
17-Jan 0700 DE HICP (f)
17-Jan 0900 IT HICP (f)
17-Jan 1000 DE ZEW Survey
18-Jan 1000 EU HICP (f) / Construction Production
19-Jan 1000 EU EZ Current Account
19-Jan 1030 EU ECB Lagarde Panellist at World Economic Forum
19-Jan 1700 EU ECB Schnabel in Finanzwende Webinar
20-Jan 0700 DE PPI
20-Jan 0745 FR Retail Sales
20-Jan 1000 EU ECB Lagarde Panellist at World Economic Forum
20-Jan 1530 EU ECB Elderson Into at European Fin. Services Roundtable
23-Jan 1430 EU ECB Panetta Intro at ECON Hearing
23-Jan 1745 EU ECB Lagarde Speech at Deutsche Boerse

EUROSTOXX50 TECHS: (H3) Northbound

Jan-17 06:11
  • RES 4: 4269.50 2.236 proj of the Sep 29 - Oct 4 rise from Dec 20 low
  • RES 3: 4230.50 High Feb 10, 2022 (cont)
  • RES 2: 4215.00 2.00 proj of the Sep 29 - Oct 4 rise from Dec 20 low
  • RES 1: 4191.00 Intraday high
  • PRICE: 4153.00 @ 05:55 GMT Jan 17
  • SUP 1: 4043.00 High Dec 13
  • SUP 2: 3998.70/3893.90 20- and 50-day EMA values
  • SUP 3: 3753.00 Low Dec 20 and the bear trigger
  • SUP 4: 3697.00 Low Nov 10

EUROSTOXX 50 futures bullish conditions remain intact and the contract traded to a fresh trend high Monday. Futures have recently cleared resistance at 4043.00, the Dec 13 high and a bull trigger. The break represents a key short-term positive development and paves the way for gains towards 4215.00 next, a Fibonacci projection. MA studies are in a bull-mode condition, reinforcing the bull theme. Initial firm support is at 3998.70.

US TSYS: Yields Firm As Curve Bear Steepens

Jan-17 06:08

TYH3 deals at 114-20, -0-04+, in the middle of its 0-08+ Asia-Pac range on volume of ~61K.

  • Cash Ysys have bear steepened, running 1-5bps cheaper across the major benchmarks.
  • Tsys were modestly richer in early trade as an offer in USD/JPY pressured the greenback in early dealing aiding the space, after an initial adjustment cheaper, catching up to futures moves after the elongated weekend.
  • Later as Chinese cash markets opened, the USD was bid, U.S. equity futures reversed early gains and Tsys cheapened albeit without any overt headline driver.
  • The cheapening marginally extended as Chinese Q4 GDP was firmer than expected, as were monthly economic activity readings.
  • The flow side was highlighted by a block seller in UXY (901 lots).
  • In Europe today national CPI data from Germany provides the highlight. Further out we have Empire Manufacturing as well as CPI data from Canada. Elsewhere, Fedspeak from NY President Williams is on the wires late in today's NY session.