Financial News
- Dennis Shen
Scope Ratings’ upgrade of Greece’s Outlook to Positive implies at least a one-in-three probability of an investment-grade rating within 18 months. How will challenging conditions play into prospects?
- Bob Mason
Stats from Germany disappointed today, with consumer confidence up modestly and the German economy weaker than previously expected.
- Vladimir Zernov
Domestic oil production has started to grow as producers ignored recession worries.
- James Hyerczyk
Weekly Jobless Claims figures once again highlighted the tight labor market, while the GDP Price Index indicated stubbornly strong inflation.
- Bob Mason
Euro area inflation softened in January to 8.6%, supporting a 50-basis point rate hike in March. US stats up next along with Fed chatter.
- Vladimir Zernov
The initial market reaction shows that traders are worried that Fed will be more hawkish than previously expected.
- James Hyerczyk
“Let’s be sharp now, let’s get inflation under control in 2023” – Bullard
- Thomas Gillet
Egypt’s shift toward a flexible exchange rate promises multiple benefits but creates difficult trade-offs for the government. Narrow policy options and reduced external support put capacity to service debt at risk.
- Bob Mason
It was a busy morning on the Eurozone economic calendar. As investors await the Fed minutes, inflation and German business sentiment drew interest.
- James Hyerczyk
While the data came in better-than-expected, the manufacturing sector remains in contraction territory.
- Vladimir Zernov
High interest rates put significant pressure on the housing market.
- Dennis Shen
The debt ceiling represents the most meaningful near to medium-term downside risk for the AA ratings of the US. Even last-minute avoidance of technical default may have important rating consequences.
- 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.