Financial News
- Bob Mason
While service sector activity accelerated in February, the manufacturing sector continued to contract despite return to output growth.
- Vladimir Zernov
The report had little impact on EUR/USD dynamics. The European currency is mostly flat against the U.S. dollar in today’s trading session.
- Bob Mason
US mortgage rates increased for a second consecutive week to hit mortgage applications. The latest round of US stats has reignited Fed Fear.
- Vladimir Zernov
According to a recent Reuters report, the company has already entered into discussions with ad agencies.
- James Hyerczyk
Shares of Deere are up 3% ahead of the cash market opening after the company exceeded expectations on the top and bottom lines in its latest quarter.
- Bob Mason
UK retail sales beat expectations in January. However, the numbers are unlikely to force the BoE to continue hiking rates at an aggressive pace.
- Vladimir Zernov
U.S. dollar moved towards multi-week highs as traders bet on a more hawkish Fed.
- James Hyerczyk
The U.S. producer price index (PPI) rose 0.7% in January, topping a Dow Jones consensus forecast for a 0.4% increase.
- Bob Mason
It was a busy start to the European session. While trade data drew interest, the ECB Economic Bulletin was key this morning.
- Vladimir Zernov
The surprising EIA report put additional pressure on oil markets. WTI oil is testing the $78 level.
- James Hyerczyk
Advance retail sales for the month increased 3%, compared to a 1.9% forecast. Manufacturing activity in New York contracted at a slower pace.
- Carolane De Palmas
This coming Friday, the 17th of February at 7:00 AM GMT, Hermès is due to report its fourth quarter and full-year 2022 earnings results.
- Bob Mason
UK inflation softened by more than expected in January, which should give the BoE relief after Tuesdays wage growth figures.
- Vladimir Zernov
Traders bet that the company will continue to grow at a robust pace.
- James Hyerczyk
The consumer price index, which measures a broad basket of common goods and services, rose 0.5% in Jan., which translated to an annual gain of 6.4%.
- Bob Mason
UK wage growth raises further questions over BoE policy goals, with private sector wage growth up 7.3% in the December quarter.
- James Hyerczyk
“While we have seen modestly lower inflation readings in recent months, overall inflation remains high,” Fed Governor Michelle W. Bowman
- Bob Mason
US Mortgage Rates rose for the first time in five weeks, according to Freddie Mac numbers, with the January Jobs Report raising bets of a hawkish Fed move.
- Levon Kameryan
Bulgaria, set for another early election, could see a delay in its accession to the euro area beyond 2024 due to the combination of a lack of a stable government and elevated inflation.
- Vladimir Zernov
Rising Inflation Expectations provide Fed with an additional argument to be more hawkish.