Broader market developments on Thursday
** Core EU debt rallied from the onset, taking que from a slight risk off bias in equities and firmer USTs overnight, with 10yr Gilts leading the charge having briefly touched a 50-day high of 102.5360
** Bunds appeared capped though by surprisingly firmer M3 money supply/credit loans combo. Light afternoon agenda saw US jobless claims fall 10k as expected, while wholesale inventories beat at 0.9% m/m in Nov vs 0.2% f/c
** EU equities remained narrowly in the red across the board in seasonally thin liquidity
** iTraxx indices are on course for their second consecutive day of widening. Main touches widest level in two weeks
Market Snapshot (15:21)
What to watch for on Friday (New Years Eve)
** Data: Spain reports preliminary CPI figures with the EU Harmonised measure seen picking up to 1.0% in Dec from 0.5% previously, while US releases its latest Chicago PMI (exp 57.0 from 57.6 prev)
** Events: None scheduled
** Supply: None scheduled
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