Daily signals

Brent oil is currently trading close to its September lows as fears of reduced demand weigh on prices.

The IFO business climate index for Germany rose from 84.5 to 86.3 points over the course of the month.

The movement of Australia's Purchasing Managers' Index shows that the economy has contracted even more in Q4 due to a drop in demand.

The GBP/USD pair is consolidating early in the week.

Last week, the USD/CAD pair rose by just over 1.5%.

Speaking at the European Banking Congress in Frankfurt on Friday, ECB President Christine Lagarde said, "Inflation in the euro area is far too high" and that "the risk of a recession has increased," though "a recession is unlikely to bring down inflation significantly".

Despite US retail sales moving more optimistically than analysts had expected, the risk appetite in financial markets continues to fall.

Gold is trading up for the third week in a row.

In the past week, the US-based Dow Jones index has risen by nearly 5%.

Investors' risk appetite in financial markets has started to weaken.