Financial News
- 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.
- James Hyerczyk
The 4-week moving average for initial claims was 196,500, which is a decrease of 750 from the previous week’s revised average.
- Bob Mason
Economic data from Australia impressed today, with a sharp rise in full employment bringing the Australian unemployment rate down to 3.5%.
- Vladimir Zernov
Oil traders have mostly ignored EIA data amid a strong sell-off triggered by the potential banking crisis in Europe.
- James Hyerczyk
US Retail sales fell 0.4% in February, in line with expectations but it remains to be seen if is a temporary setback or a more sustained trend.
- Bob Mason
It was a busy morning for the markets, with China stats in focus. However, the numbers failed to impress, leaving the Kiwi in the red.
- Vladimir Zernov
Risk appetite grows as inflation reports met analyst estimates.
- James Hyerczyk
The index for shelter was the largest contributor to the monthly all items increase, accounting for over 70% of the increase.
- James Hyerczyk
The latest ILO Unemployment Rate in the UK remained steady at 3.7% in January, which was lower than the expected 3.8%.