Summary: The Euro reversed its overnight gain, sinking 0.47% to 1.1290 from 1.1347 as cases of the new Omicron variant spread to more countries in Europe. Market perceptions of a growing divide between the cautious ECB and vigilant US Fed as inflation rises also weighed on the shared currency. While bond yields were lower, the differential between the US (1.48%) and German (-0.36%) 10-year rates widened. The Dollar Index, which measures the value of the Greenback against a basket of 6 major currencies where the Euro has the biggest weight, rallied 0.36% to 96.25 (95.90).

All around the world the economic data remains quite the mixed bag. Though some trends are becoming clearer. Europe and China are in the midst of distinct slowing phases.

For Europe, there is a closer light at tunnel's end, that being when reasonable natural herd immunity is achieved to whatever variant crops up.

• 55% increase in job vacancies posted compared to pre-pandemic
• The North the fastest growing region in UK – representing 17% of all job vacancies posted this year
• Within accounting sector, tax roles increased by +30%
• Banking & Financial Services role up 30% on 2019 – despite Executive Management roles declining by -20%
• 23% increase in job vacancies within legal sector -
• 62% increase in job vacancies within technology – with further growth anticipated for new year

Commenting on the market reaction to US YoY CPI hitting 6.8% in November, Caleb Thibodeau – Senior Associate, Global Capital Markets for Validus Risk Management, said: “Although in-line with expectations, today’s CPI figure marks another push higher to new 30-year highs. This is sure to continue grabbing economic and political attention, with increases in prices seen in every category versus last month including services, goods, energy and food.

Integrated API between TradeHelp and Fineon Exchange will enable both AI-powered platforms to provide better trade finance and funding opportunities to commodity trading companies and all service providers.

Commenting on highest US inflation in 40 years, Dan Boardman-Weston, CIO at BRI Wealth Management, said: “US inflation came in at 6.8%, up from 6.2% in October and in line with forecasts. The reading which is the highest level in nearly 40 years comes as little surprise to the market due to the ongoing supply chain issues, robust consumer demand and base effects from last year kicking in. This is likely to add further pressure to the Fed to quicken the withdrawal of quantitative easing and raise interest rates sooner than expected.

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Look into the next generation for MRM to create a mature, holistic framework alongside the latest developments in automation and ML model explainability

Sber and 500 Global, previously known as 500 Startups, is launching its fourth batch of  Sber500, an international accelerator for technology startups. This year’s program will have  increased coverage of 50 teams. The deadline for entries is February 7, 2022. https://sberbank-500.ru/en 

Over half of those surveyed (55%) think that the UK is being pushed to go cashless with nearly 30% of respondents having already been refused when trying to pay with cash

New research from Cardtronics, the UK’s largest ATM provider, finds that over 55% of over 300,000 people participating in our poll believe they are being forced to go cashless against their will. 

Juni, the financial companion for ecommerce entrepreneurs, has today gone live with an integration with Xero, the global small business platform. Starting today, through Xero, small business owners and their advisors have access to real-time financial data any time, anywhere and on any device.