SWITZERLAND DATA: Little Net Change In Labour Market Data Ahead Of SNB
Dec-04 08:01
The Swiss labour market has seen little net move in November after seeing less impact by a softer external sector (than GDP) in Q3. This should support the case for a hold at the upcoming (Dec 11) SNB meeting.
- The seasonally adjusted unemployment rate, as expected, remained at 3.0% in November. It remains on a gradual uptrend since 2023.
- Vacancies meanwhile increased slightly since October, now standing at 36,880 (35,994 September, 36,841 November 2024) in seasonally adjusted terms.
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GILTS: Opening Calls
Nov-04 07:57
Gilt calls, a tight 93.59/93.61.
EQUITIES: EU Cash Opening Calls
Nov-04 07:55
Some attention on the EU Cash Open following the fall in Equity futures led by Tech. US Nasdaq futures is still the worst performer among the Major Indices, down 1.2%.
- Calls: Estox 50: -0.97%, Dax: -1.08%, CAC: -1.09%, FTSE -0.23%, SMI -0.26%.
EFSF ISSUANCE: New 5-year Nov-30 / 2.875% Jan-2035 tap: Guidance
Nov-04 07:54
- New 5-year benchmark
- Guidance: MS+24 bps area
- Maturity: 11 November 2030
- Size: EUR benchmark (MNI expects E2.5-3.5bln)
- ISIN: EU000A2SCAV2
2.875% Jan-2035 tap
- Guidance: MS+42 bps area
- Size: EUR Benchmark (MNI expects (E1.0-2.0bln)
- ISIN: EU000A2SCAS8
For both:
- Settlement: 11 November 2025 (T+5)
- Bookrunners: BNPP / BofA (DM/B&D) / NATWEST
- Timing: Books open, today's business
From market source/ MNI colour
