Eurozone Macro Daily(Beta Mode)
Eurozone Daily Economics
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| Euro Stoxx 50 | 6,103.37 | +1.35% |
| DAX | 25,278.21 | +1.12% |
| CAC 40 | 8,429.03 | +0.81% |
| FTSE MIB | 46,361.00 | +1.30% |
| IBEX 35 | 18,197.90 | +1.35% |
| EUR/USD | 1.18 | -0.49% |
| EUR/GBP | 0.87 | +0.07% |
| Brent Crude | 70.46 | +0.16% |
| Gold | 5,014.90 | +0.57% |
| Germany 10Y Bund | 2.81% | -0.27% |
| France 10Y OAT | 3.53% | -0.84% |
| Italy 10Y BTP | 3.49% | -1.69% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
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Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| Consumer Confidence Index | -23 | - | 00:30 |
| Headline Unemployment Rate | 4 | - | 00:30 |
| Trade Balance | -5,680m | - | 04:00 |
| Producer Price Index Year-over-Year | -2.50 | -2.10 | 02:00 |
| HCOB Composite PMI Flash | 49.10 | 49.60 | 03:15 |
| HCOB Manufacturing PMI Flash | 51.20 | 51.40 | 03:15 |
| HCOB Services PMI Flash | 48.40 | 49.10 | 03:15 |
| HCOB Manufacturing PMI Flash | 49.10 | 49.60 | 03:30 |
| HCOB Composite PMI Flash | 52.10 | 52.20 | 03:30 |
| HCOB Services PMI Flash | 52.40 | 52.20 | 03:30 |
- Eurozone equities climbed broadly, with the Euro Stoxx 50 up 1.35% amid positive sentiment, while bond yields fell across core markets.
- No major data releases yesterday, but currency markets saw EUR/USD weaken 0.49% on dollar strength.
- Broader themes included narrowing mortgage rate gaps with Eurozone averages and UK growth lagging behind.
Yesterday's Recap
Eurozone markets lacked significant data releases on February 18, allowing sentiment to drive gains in equities across major indices. Germany's DAX advanced 1.12% to 25,278.21, buoyed by manufacturing optimism and tech sector rebounds, while France's CAC 40 rose 0.81% to 8,429.03 on luxury goods strength.
Italy's FTSE MIB surged 1.30% to 46,361.00, supported by banking gains amid falling BTP yields to 3.49% after a 0.06 percentage point drop. Spain's IBEX 35 climbed 1.35% to 18,197.90, reflecting trade balance anticipation and energy sector stability.
The Netherlands saw correlated moves with the broader region, as components aligned with Euro Stoxx 50's 1.35% rise to 6,103.37. Bond markets rallied, with Germany's 10Y Bund yield dropping 0.01 percentage points to 2.81% and France's OAT yield falling 0.03 percentage points to 3.53%, signaling easing inflation fears.
The Day Ahead
Today's calendar features Dutch consumer confidence at 00:30 ET, expected to reflect ongoing sentiment amid labor market tightness, potentially influencing regional spending outlooks. The Netherlands' headline unemployment rate releases simultaneously, with prior 4% figure suggesting stability but consensus absent, watching for any uptick in services-driven economies.
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