Daily digest market movers: Euro pares back losses

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  • The main economic event this Tuesday will be the US JOLTS Jobs Openings report for October. Expectations are for 7.48 million job openings against the previous 7.443 million, ahead of the retail-intensive Christmas Holiday period.
  • Spanish Unemployment in November fell by around 16,000 people, coming from the 26,800 uptick in joblessness seen the previous month. 
  • European equities are rallying, with the German Dax hitting 20,000 points for the first time ever. 
  • European Central Bank (ECB) Executive Board member Piero Cipollone said on Tuesday that Europe is growing much less than it could, with upcoming US tariffs possibly lowering the growth outlook even more. This opens the door for larger rate cuts from the ECB, Bloomberg reports. 

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