Financial News
- 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%.
- Vladimir Zernov
Crypto markets rebound as U.S. administration protects depositors at troubled banks.
- James Hyerczyk
Regulators unveil plan to protect depositors at Silicon Valley Bank and Signature Bank, amid contagion fears. Markets respond positively.
- Bob Mason
The crypto market is in for a tough weekend, with USD Coin de-pegging as investors assess the impact of Main Street bank collapses on cryptos.
- Vladimir Zernov
Traders also focus on the problems in the financial sector. Trading in SVB Financial Group stock is halted.
- James Hyerczyk
There was some good news on the inflation side, as average hourly earnings rose 4.6% from a year ago, below the estimate for 4.8%.
- Bob Mason
It was a busy morning, with the UK GDP Report easing immediate fears of an economic recession. Later today, the US Jobs Report will also be key, however.
- Vladimir Zernov
Natural gas stocks decline but remain well above 5-year average, which is bearish for natural gas prices.