Societe Generale in its early Tuesday economic news summary pointed out:
-- The US dollar is off lows, United States Treasury 10-year steady at 4.62% before auction, ISM, JOLTS. President-elect Trump quashed the Washington Post report of narrow tariffs. 10-year Bund nears 2.50% after German consumer price index accelerates to 11-month high of 2.9%. Implied European Central Bank terminal rate up to 2.15%.
-- Day ahead: Eurozone flash CPI, SocGen forecasts increase to 2.4% year over year, core steady at 2.7%. US ISM services and JOLTS job openings. Federal Reserve speaker Barker, $39 billion UST 10-year auction. ECB one- and three-year CPI expectations, 4.5 billion euros Germany two-year sale.
-- France's HICP edges up to 1.8% year over year in December from 1.7% in November. Services steady at 2.3%, mfg goods slow to -0.4%, energy up to 1.2%, food decelerates to 0.0%.
-- Switzerland's CPI slows to 0.6% year over year in December, HICP cools to 0.4%. The core rate moderates to 0.7%, services drop to 1.6%.
-- Nikkei +2.0%, EUR 10-year IRS unchanged at 2.44%, Brent crude -0.1% at $76.2/barrel, Gold +0.5% at $2,640/oz.
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