AUTOMOTIVE: Nissan (NSANY Ba1[N]/BB[N]/BB+[N]): S&P Downgrade
We flagged this as a real risk when S&P moved to outlook negative in January given it expected a qui...
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MNI: EUROZONE JAN FINAL SRVCS PMI 51.3 (FLASH: 51.4); DEC 51.6
- MNI: EUROZONE JAN FINAL SRVCS PMI 51.3 (FLASH: 51.4); DEC 51.6
- EUROZONE JAN FINAL COMP PMI 50.2 (FLASH: 50.2); DEC 49.6
CROSS ASSET: Yields are pushing lower
Looking at the German 10yr Yield, as mentioned in the Opening Bund comment, risk remains to the upside in Futures, and further momentum will highlight the 2.30% level, printed a 2.309% low in January.
Today, reference 133.40:
- 2.30% = 134.19.
For support, while Yesterday's low is situated at 132.72, initial area of interest comes at 132.34 (Monday's opening gap).
Watch Tnotes here, testing session high, decent buying interest is going through, and while this Week saw a 109.20 high print, the next area of interest comes at 109.29, not a Tech level, but where it was trading at pre 18th December FOMC Hawkish meeting.
USDJPY lis through 153.00, with next support seen at 152.55 61.8% retracement of the Dec 3 - Jan 10 bull leg.
MNI: GERMANY FINAL JAN SRVCS PMI 52.5 (FLASH: 52.5); DEC 51.2
- MNI: GERMANY FINAL JAN SRVCS PMI 52.5 (FLASH: 52.5); DEC 51.2
