ECB’s Kazimir: It is important we do not tinker with APP purchases 0 (0)

ECB should not make too long commitments on asset purchasesAPP will be the key instrument in the futureMedium-to-long-term inflation risks skewed to the upsideECB should be wary of premature tighteningI reckon he’s mentioning that they shouldn’t  be tweaking APP purchases yet. Because reading his ot

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Germany December ZEW survey current conditions -7.4 vs 5.0 expected 0 (0)

Prior 12.5
Outlook 29.9 vs 25.3 expected
Prior 31.7

The headline reading turns negative for the first time since June as German economic sentiment deteriorates. Supply bottlenecks, surging inflation pressures, and added virus concerns make for a potent combo in hurting the outlook

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USD/JPY grinds to a one-week high but upside momentum still limited 0 (0)

The grind higher comes amid a more positive risk backdrop as omicron fears are cast aside temporarily. That is also allowing for higher Treasury yields, further buoying yen pairs in general.
Scant data continues to reveal that omicron may be more transmissible than delta but is perhaps less severe.

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