Financial News

January retail sales dropped 0.8%, defying forecasts; Citi’s 0.6% estimate closest. Consumer spending shifts hint at trends.

Germany’s energy-intensive industries, low investment, ageing population and weak growth, rather than high government debt, represent challenges to its AAA credit rating – hence the need to reform the debt brake.

Oil markets pulled back from session highs as traders reacted to the EIA report.

The UK CPI declined by 0.6% in January month-on-month, which may enable to BoE to begin talks about rate cuts. The labor market remains a bugbear.

In January, the Consumer Price Index unexpectedly rose to 0.3%, indicating stronger inflationary pressures in the economy.”

The UK unemployment rate fell from 3.9% to 3.8% in December, overshadowing a fall in wage growth. The latest numbers may test bets on a BoE rate cut.

It is an important week for the global financial markets, with the Australia, euro area, Japanese, and UK economies also under the spotlight.

The BTC-spot ETF market fueled a broad-based crypto rally, with BTC eyeing $50,000. However, SEC cases against Coinbase and Ripple remain focal points.

BLS revises December CPI to 0.2%, November to 0.2%, showing persistent inflation; December’s core CPI steady at 0.3%.

Mild weather leads to light demand for natural gas, and market sentiment remains bearish.

Unemployment claims fall, insured rate drops to 1.2%, but rising moving averages reveal labor market complexity, impacting investor sentiment.

China consumer prices declined at a more marked rate year-over-year. However, a softer rate of decline in producer prices could signal a shift in demand.

Disney’s fiscal first-quarter earnings outshine forecasts, with an aggressive cost-reduction plan contributing to a 20% EPS growth expectation.

Crude inventories increased by 5.5 million barrels, exceeding analyst expectations.

German industrial production fell by more-than-expected in December. However, recent German factory orders limited the impact on the EUR/USD.

Eli Lilly shines in Q4 as Zepbound and Mounjaro exceed forecasts, boosting market leadership.

RBA Governor Michele Bullock discussed the importance of bringing inflation to the target range during the press conference and viewed risks as balanced.

The services sector has grown in 43 of the last 44 months.

McDonald’s (MCD) surpasses EPS forecasts in Q4, despite falling short in global revenue projections due to Middle Eastern conflicts.

The German trade surplus widened to €22.2 billion in December. However, a marked decline in imports and exports signaled weaker demand backdrop.