Financial News
- Bob Mason
Investors Eye Eurozone Retail Sales Amidst German Factory Orders Miss; US Jobs Report on Horizon.
- Vladimir Zernov
Natural gas prices moved lower as traders reacted to the EIA report.
- James Hyerczyk
Rising jobless claims to 221,000 and four-week average point to a complex, shifting labor market despite stable unemployment rate.
- Bob Mason
The German services sector returned to expansion in March. However, wage growth trends may force the ECB to tone down the rate cut rhetoric.
- Vladimir Zernov
The services sector has grown in 45 of the last 46 months.
- James Hyerczyk
March’s robust job growth of 184,000 beats forecasts, with steady 5.1% wage growth boosting economic balance and worker confidence.
- James Hyerczyk
Eurostat reports Euro inflation at 2.4%, core CPI down to 2.9%, and steady 6.5% unemployment in February, prompting ECB to ponder rate cuts.
- Bob Mason
China Caixin Services PMI and Composite numbers signaled an improving demand environment, supporting hopes of an improving economic outlook.
- Vladimir Zernov
Gold markets tested historic highs as traders reacted to the report.
- Thomas Gillet
France faces important fiscal, social and political hurdles to finding additional savings in the next four years, challenging the execution of its medium-term fiscal consolidation strategy ahead of 2027 elections.
- Bob Mason
German and Eurozone manufacturing sector activity contracted at a more marked pace in March. Significantly, inflationary pressures subsided.
- Vladimir Zernov
ISM Manufacturing PMI has moved into expansion territory for the first time since September 2022.
- Bob Mason
Insights reveal increased optimism among manufacturers despite employment concerns. Attention now turns to US manufacturing data and Fed speeches.
- Bob Mason
A busy week for the US courts saw SBF receive 25-years, the SEC push for $2 bn from Ripple, and a ruling in the Coinbase case.
- James Hyerczyk
PCE inflation gauge rose 2.8% annually in February as forecast, reflecting stable income and spending trends.
- James Hyerczyk
PCE report impact and inflation rise complicate Fed’s strategy, prompting cautious market optimism and strategic adjustments.
- James Hyerczyk
Anticipated PCE data release may heighten inflation concerns, potentially affecting the Fed’s interest rate strategy and market stability.
- James Hyerczyk
US economy sees robust growth in Q4, driven by consumer spending and business investment amid Federal Reserve’s rate hikes.
- James Hyerczyk
Key US economic data – steady GDP, rising jobless claims, home sales rebound – to sway Fed moves, stocks, rates, dollar, and gold.
- Bob Mason
After the unexpected slump in retail sales, the investor focus shifts to German unemployment data for March and ECB member commentary.