FRANKFURT (dpa-AFX) – German government bonds fell noticeably on Friday. On the market, the friendly mood on the stock markets was given as one reason. At noon, the trend-setting futures contract Euro-Bund-Future fell by 0.57 percent to 137.06 points. The yield on ten-year Bunds was 2.26 percent.
Money and credit data from the euro zone indicated in the morning to a rather weak economic momentum. The monetary aggregates M1 and M3 grew much more slowly in December than in the previous month, and lending to private households and companies was also weaker. The data is somewhat at odds with recent economic indicators, which have pointed to an economic pick-up.
Meanwhile, Spain was the first of the four large euro countries to present growth figures for the final quarter of 2022. Growth was quite solid at 0.2 percent quarter-on-quarter. The experts at Pantheon Macroeconomics assume that the Iberians have grown faster than the other three major economies of Germany, France and Italy. According to a preliminary estimate, the Federal Statistical Office assumes stagnation for Germany, which will publish its figures next week.
In the US, some noteworthy economic numbers are on the agenda for the afternoon. Among other things, the inflation measure PCE, preferred by the US Federal Reserve, is published. In addition, the University of Michigan announces its consumer climate, which also contains information on consumer inflation expectations./bgf/jsl/mis
