Financial News
- Bob Mason
Stats from Italy came in ahead of forecasts, with retail sales seeing a modest decline relative to neighboring member states.
- Vladimir Zernov
Powell was less hawkish than expected, which was bearish for the U.S. dollar and bullish for riskier assets.
- Bob Mason
German industrial production fell by more than expected today, aligned with recent manufacturing PMI surveys. However, factory orders gave hope.
- Vladimir Zernov
USD/CAD traders stay focused on the general strength of the U.S. dollar.
- James Hyerczyk
In a memo to employees, Jeff Clarke, co-chief operating officer said Dell has navigated economic downturns before, and “emerged stronger” as a result.
- Thomas Gillet
African economies’ recoveries are under continued pressure amid a range of external and internal shocks, underlying the need for renewed policy adjustments and better crafted international assistance.
- Bob Mason
Eurozone retail sales figures came in weaker-than-expected in December. However, the numbers are unlikely to deter the ECB from its policy goals.
- Bob Mason
US mortgage rates continued to declined, with the outlook looking rosier for the US housing sector looking rosier as affordability conditions improve.
- Vladimir Zernov
The strong economic data shows that Fed has plenty of room for maneuver.
- James Hyerczyk
Non-Farm Payrolls increased by 517,000 for January, well above the Reuters estimate of 185,000. Unemployment drops to 3.4%.
- Bob Mason
It was a busy start to the European session, with Eurozone private sector PMIs beating forecasts. Later today, the US Jobs Report will garner greater interest.
- Vladimir Zernov
The slowing demand for COVID-19 antibodies and diabetes drugs hurt the company’s topline.
- James Hyerczyk
ECB pledges to “stay the course in raising interest rates significantly at a steady pace.”
- James Hyerczyk
The Monetary Policy Committee (MPC) voted 7-2 in favor of a second consecutive half-point rate hike, taking the main Bank rate to 4%.
- Bob Mason
After a tumultuous 2022 in the digital asset space, investment opportunities have presented themselves in 2023, with Web3 a target for investment funds.
- Alvise Lennkh
Italy began 2023 in a better-than-expected economic and fiscal position but its high public debt, slowing growth and higher interest rates weaken debt sustainability.
- Vladimir Zernov
The Fed signaled that it would continue to raise rates to fight inflation. Trading action is choppy, and market participants are waiting for Jerome Powell’s press conference.
- Vladimir Zernov
ISM Manufacturing PMI declined to the lowest level since May 2020.
- James Hyerczyk
The U.S. private sector labor market fell in January, with companies adding fewer jobs due to weather-related issues, according to ADP.
- Bob Mason
It was a busy morning, with euro area inflation and PMIs drawing interest. However, the Fed Chair Powell press conference will be the main event.