Morning Markets Mover – 23 Januery 2025

Live Market Prices

  • EUR/USD: 1.17478 (latest available spot rate ~06:38 UTC / 07:38 CET)

Other key prices (indicative real-time quotes as of the latest financial data available):

  • IBEX 35: Real-time feed not available via widget; monitor broker/terminal.
  • DAX (Germany): Real-time feed not available via widget.
  • CAC 40 (France): Real-time feed not available via widget.
  • S&P 500 (US): Real-time feed not available via widget.
  • WTI Crude Oil: Real-time feed not available via widget.
  • Gold (spot): Real-time feed not available via widget.

For live prices beyond EUR/USD, use a professional market feed or a trading terminal (Bloomberg, Reuters, TradingView, Google Finance, etc.).

Market Drivers & Key Items for Traders (Bullet Points)

Global Market Sentiment

  • Elevated volatility in U.S. equities has been reported recently, contributing to risk-off flows across asset classes.
    This may pressure European equity futures at open.
  • Goldman Sachs sees global growth near 2.8% in 2026, underpinned by resilient U.S. performance and solid, albeit slower, growth in Europe.
    Implication: Growth-sensitive assets supported; monetary policy expectations shaped accordingly.
  • JPMorgan highlights market polarization due to disparate monetary policies and sector performance (e.g., tech vs. cyclical).
    Implication: Rotation strategies remain relevant.
  • Commodities narrative has bullish elements for metals and energy, supported by supply-side developments.
    Implication: Watch oil and base metals for further directional moves.

Europe & Spain

  • Spain forecasted as a top Eurozone grower; strong consumption and investment cited.
    Implication: Spanish equities and credit assets may attract relative interest.
  • CPI inflation in Spain has eased, reducing immediate ECB tightening pressure.
    Implication: Government bond yields in periphery could compress relative to core.
  • Spanish services PMI remains expansionary though slightly softer than estimates.
    Implication: Reflects ongoing domestic demand strength, monitoring next PMIs is advised.
  • ECB policy stance suggests potential pause; forecasts from large banks show differing paths vs. Fed and BoE.
    Implication: EUR crosses sensitive to diverging monetary expectations.

FX / Rates

  • EUR/USD at ~1.1748 supports moderate risk environment; track U.S. data for directional cues.
  • Diverging central bank expectations (ECB versus Fed) are key to FX volatility.

Commodities / Safe Havens

  • Gold dynamics trending with risk sentiment and real yields; a safe-haven bid could persist on equity weakness.
  • Oil priced on global demand/supply narrative — geopolitical headlines and inventory reports are catalysts.

Today’s Economic & Event Calendar (CET)

  • Spanish & Eurozone PMI data releases likely to influence open and first-half trading.
  • In U.S. session later today, jobless claims / ISM readings could swing global sentiment.
  • No major ECB speeches scheduled early; monitor for later policy commentary.

Trading Insights & Risk Brief

Bullish Signals

  • Spain and Eurozone growth expectations supportive of cyclical asset exposure.
  • Commodity strength boosts energy/materials sectors when risk appetite improves.

Bearish / Risk-Off Signals

  • U.S. equity volatility can spill into Europe at open — key resistance levels on indices may hold.
  • Safe-haven flows may lift gold and sovereign bonds if growth concerns re-intensify.

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