Financial News
- Thomas Gillet
The shift of Türkiye’s monetary policy after the general elections last year has reduced risks of a deeper balance-of-payments crisis. If sustained, current policy would improve credit fundamentals.
- Vladimir Zernov
Natural gas remained under pressure despite larger-than-expected inventory draw.
- James Hyerczyk
While housing starts declined, building permits surprised analysts by rising in December, indicating underlying strength in the housing sector.
- Vladimir Zernov
The share of builders cutting home prices declined from 36% in December to 31% in January.
- Bob Mason
UK inflation numbers for December surprised the markets on Wednesday. Despite softer wage growth, the latest figures could leave rates higher for longer.
- Bob Mason
Economic data from China sent mixed signals. Weaker retail sales figures for December suggest a weakening domestic demand environment.
- James Hyerczyk
NY State business activity plunges to -43.7, lowest since May 2020. New orders, shipments down; employment, workweek dip; input prices rise.
- Bob Mason
UK wage growth, job vacancies, and payrolled employee figures could pressure the Bank of England to begin discussing interest rate cuts.
- Ibrahim Ajibade
On Monday, Jan 15, Venezuela announced a decision to phase out its government-backed cryptocurrency, Petro (PTR), just five years after it was first launched in February 2018.
- Bob Mason
A more marked-than-expected decline in wholesale prices could give the ECB more reason to begin discussing interest rate cuts.
- Bob Mason
It is an important week for investors, with the Chinese economy in the spotlight. Central Banks will be in focus as investors digest a full economic calendar.
- Bob Mason
BTC-spot ETF-related news left BTC in negative territory going into Saturday. However, XRP was on the rise amidst XRP-spot ETF-related chatter.
- James Hyerczyk
U.S. PPI falls 0.1% in December with a diesel plunge and core PPI stability, offset by gasoline and service sector hikes.
- Bob Mason
UK services sector output grew in November. However, a lack of growth over three months contributed to the 0.2% contraction over three months.
- Bob Mason
Trade data from China caught investor interest, with an pickup in exports. However, imports remained lackluster, delivering near-term uncertainty.
- Vladimir Zernov
Natural gas prices are trying to rebound after yesterday’s pullback, supported by the bullish EIA report.
- James Hyerczyk
December CPI up 0.3%, annual at 3.4%; Core CPI stable with 0.3% rise; Energy costs down 2%, balancing rising food prices.
- Bob Mason
The Australian trade surplus widened in November. However, a marked fall in imports cast a shadow on a pickup in exports.
- Vladimir Zernov
Gasoline inventories increased by 8 million barrels, compared to analyst expectations of +2.5 million barrels.
- Bob Mason
Softer inflation numbers from Australia could end speculation about an RBA rate hike. However, household spending trends could be pivotal.