Here is what you need to know on Monday, December 5:
US Dollar struggles to find demand to start the week with the US Dollar Index, which lost nearly 1.5% last week, trading at its weakest level since late June below 104.30 in the early European session. S&P Global will release the final November Composite PMI surveys for Germany, the Eurozone, the UK and the US on Monday. Sentix Investors Confidence and Retail Sales data will also be featured in the European economic docket. Finally, market participants will watch the ISM Services PMI from the US closely in the second half of the day.
On Sunday, several cities in China decided to ease coronavirus curbs, helping the risk sentiment improve during Asian trading hours. Urumqi, the capital of the Xinjiang region, said that shopping centres, restaurants and markets will open from Monday. Zhengzhou residents will not be required to show COVID test results to…
