This is what you need to know to trade today Tuesday, December 8:
Stock markets and currencies ended Monday’s session in a mixed fashion amid fresh market rumors about another US stimulus package and alternate news on Brexit negotiations.
The The United Kingdom begins its vaccination campaign today and several countries are expected to follow suit by the end of the month and early 2021. On the same front, the pandemic continues its relentless march, although market participants (and global assets) continue to look beyond the coronavirus crisis. and they anticipate a strong recovery next year.
The ZEW survey will shed more details on economic sentiment in both Germany and the eurozone in general later today, while another revision of third quarter GDP figures of the region will also focus the attention of investors.
Meanwhile, it is expected that the EUR/USD take a cautious stance in the hours ahead of Thursday’s key ECB event. The US dollar remains submerged in bearish territory despite occasional bullish attempts, while the pound sterling continues to suffer from Brexit limbo.
In the field of raw materials, the European crude oil benchmark Brent extends the pullback from recent highs near the $ 50.00 level as investors continue to take in OPEC + ‘s recent decision to gradually increase its oil production starting in January.
The oro It extends the bounce from last week’s lows in the $ 1,760 region and appears to be heading towards the $ 1,900 per ounce level.
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