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EURGBP, Daily The December Eurozone Preliminary Inflation Estimates continued to record higher above the ECB’s 2% target for the sixth month, at 5% from the 4.9% seen in November, compared with forecasts of 4.7%. Energy prices once again saw an increase of 26% per year. The key Core CPI data…

CME Group’s advanced figures for crude oil futures markets noted open interest rose by around 5.4K contracts at the end of last week, extending the ongoing uptrend. Volume, instead, reversed five consecutive daily builds and shrank by around 190.7K contracts. WTI needs to clear $80.00 to allow for extra gains…

Inflation worries and the Fed’s hawkishness prompted buying in shares like banks that usually perform well in a high interest rate environment, while high-growth stocks were routed. Share markets have made cautious gains so far today as the US jobs report gave the green light to investors to count down…