Financial News
- James Hyerczyk
US manufacturing faces challenges as spending shifts to services and borrowing costs rise, while business equipment investment may decline again.
- Levon Kameryan
Most Central and Eastern European EU countries (CEE-11) have improved their public-debt profiles in the past decade. Further fiscal consolidation looks difficult but remains crucial to contain debt.
- Thomas Gillet
The government’s decision to force through unpopular pension reform improves the resilience of public finances in the long term but risks further political fragmentation and weaker reform momentum.
- Bob Mason
UK retail sales surged in February, supporting the BoE’s more bullish economic outlook. However, the latest numbers will keep the BoE under pressure.
- Vladimir Zernov
New Home Sales increased by 1.1% month-over-month in February.
- James Hyerczyk
US initial jobless claims fall slightly to 192,000, while the labor market remains strong with 1.9 job openings per unemployed person.
- James Hyerczyk
The Bank of England Monetary Policy Committee voted 7-2 in favor of the 25 basis point increase, bringing the Bank rate to 4.25%.
- Vladimir Zernov
The central bank noted that the U.S. banking system was “sound and resilient”.
- James Hyerczyk
ECB President Christine Lagarde outlines strategy for bringing inflation to target in timely manner.
- Bob Mason
Things just got complicated for the Bank of England, with the UK CPI Report set to test the Bank of England’s commitment to tame inflation.
- Vladimir Zernov
The housing market may have hit bottom after months of decline.
- Julian Zimmermann
UBS’s takeover of Credit Suisse, with the full write-down of Credit Suisse’s AT1 bonds, underscores Switzerland’s financial-sector risks and the degree to which they are mitigated by robust regulation and public finances.
- James Hyerczyk
The German ZEW and the eurozone experienced significant declines in March 2023 due to high uncertainty in the international financial markets.
- Bob Mason
RBA meeting minutes revealed discussions on pausing rates to assess the impact of rate hikes on inflation and the economy, leaving the AUD/USD in the red.
- Vladimir Zernov
Switzerland is reportedly ready to provide as much as $280 billion in support to the troubled banks.
- Bob Mason
German producer price index numbers beat forecasts today, which could make things tricky for the ECB.
- Bob Mason
It was a bullish end to the week for the crypto market. US banking sector troubles drove demand as lawmakers prepare to grill banking regulators.
- Vladimir Zernov
Consumer Sentiment declined for the first time in four months.
- James Hyerczyk
US industrial production remained flat in February, falling short of market expectations for a 0.2% increase.
- Vladimir Zernov
Credit Suisse’s problems did not have any impact on the ECB Interest Rate Decision as the central bank remained focused on inflation.