Beyond the Fed, Euro-Area Bonds May Be Driven by Oil Next Week
- Euro area bonds may advance on prospect of subdued inflation
- Oil languishes at 2008 levels, Fed in focus on Dec. 16
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Euro-region sovereign bonds may weather higher U.S. interest rates next week.
While the Federal Reserve’s policy decision is the market’s main focus in coming days, it’s the fall in commodity prices and how that will weigh on the inflation outlook that might drive bonds higher in the euro area.