In Europe, sovereign yields ended mostly flat, with peripheral spreads narrowing a bit as the German inflation data for November came in higher than expected, with a 2.6% increase yoy, while Italian and French inflation surprised to the downside. Stock indices ended mixed after a choppy session.
In commodities markets, Brent prices edged lower but rose in early Monday trading, since yesterday’s OPEC’s meeting rose concerns on future supply. Gold rallied and now is trading over $4200 / ounce. This week, investors will be attentive to Eurozone inflation figures that are released on Tuesday.