Financial News
- Bob Mason
German industrial production figures impressed this morning, with a 2 increase beating forecasts of a 0.1% rise. Next up, US jobless claims.
- Vladimir Zernov
The report may put additional pressure on the U.S. dollar as traders bet that Fed will be forced to be more dovish.
- James Hyerczyk
US labor market: Private sector gains, annual pay up, but economy slows.
- Bob Mason
German factory orders impressed this morning in contrast to the PMI numbers. However, orders are still down by 5.7% when compared to February 2022.
- James Hyerczyk
The RBNZ increased its OCR to combat persistent inflation, which has been driven by high demand and recent severe weather events.
- Levon Kameryan
Romania will have to make good on planned pension reform and improved tax collections to hit ambitious budget-deficit reduction targets amid slowing growth and challenging financing conditions.
- Vladimir Zernov
U.S. dollar tested new lows as traders bet on 2023 Fed cuts. Treasury yields declined, providing support to stocks.
- Bob Mason
The German trade surplus narrowed in February. However, rising exports and strong demand from the US and China were bullish signs.
- Bob Mason
The RBA left interest rates at 3.6% this morning, with Board members wanting to assess the effects of 3.5 percentage points on the economy and inflation.
- Vladimir Zernov
SP500 tests new highs as Treasury yields are moving lower after the release of the PMI reports.
- Bob Mason
The China Caixin Manufacturing PMI fell to 50.0 in March to raise concerns over the economic outlook, with global demand weighing.
- Dennis Shen
Poland’s credit ratings face a double challenge, first from the unresolved dispute with the EU over the rule of law, and second from loose monetary policy at odds with runaway inflation.
- James Hyerczyk
Nikola’s struggles ramping up production continue to impact investor confidence
- Vladimir Zernov
Chicago PMI showed that business activity contracted for the seventh month in a row.
- James Hyerczyk
The latest figures on personal income and consumption for February reveal a small uptick in income and a slight decrease in spending.
- Bob Mason
Inflation figures for the euro area will give the ECB some relief. However, core inflation remains elevated, which will be a concern.
- Vladimir Zernov
U.S. dollar is under pressure as traders bet that Fed would be forced to cut rates in 2023.
- James Hyerczyk
US Q4 2022 GDP slows due to export & consumer spending decline. Weekly jobless claims rise slightly.
- Bob Mason
The ECB Economic Bulletin drew plenty of interest today. While ECB Staff project a sharp softening, the ECB comments suggest more work to tackle the CPI.
- Vladimir Zernov
The better-than-expected report may provide additional support to stocks.