Dollar steadier to start the session as risk stays guarded

Bitcoin races higher as firms look to undercut each other on ETF fees

Gold struggles carry over to the new week, down 1% on the day

Switzerland December CPI came in at +1.7% versus the expected +1.5% year-over-year. This indicates a slightly higher inflation rate than anticipated, which could lead to changes in consumer prices.

Eurozone investor confidence for January was reported at -15.8, falling slightly below the expected -15.5. Despite this slight miss, investor confidence remains relatively stable in the Eurozone.

Germany’s trade balance for November exceeded expectations, coming in at €20.4 billion compared to the anticipated €17.9 billion. This suggests strong international trade activity in Germany.

How this will affect you

If you are a consumer in Switzerland, you may experience slightly higher prices as a result of the higher than expected CPI. This could impact your purchasing power and overall cost of living.

Investors in the Eurozone may take note of the slightly lower investor confidence, which could influence market movements and investment decisions in the region.

How this will affect the world

The strong trade balance in Germany may have ripple effects on the global economy, as Germany is a major player in international trade. This could impact global supply chains and economic growth.

The higher inflation rate in Switzerland may also have implications for the global economy, as changes in consumer prices in one country can affect international markets and trading relationships.

Conclusion

Overall, the economic indicators reported for various countries suggest a mix of stability and potential challenges in the global economy. It is important for individuals and businesses to stay informed and adapt to changing economic conditions to mitigate risks and capitalize on opportunities.