Financial News
- James Hyerczyk
Final demand prices experience decline in March, with goods prices as the main contributor
- Bob Mason
This morning the UK GDP Report drew plenty of interest. With the UK economy stalling in February, the pressure on the BoE to make a move should subside.
- Vladimir Zernov
Fed policy outlook has not changed, and traders expect that Fed will raise the rate by 25 bps at the next meeting in May.
- James Hyerczyk
Core CPI increased 0.4% and YoY core inflation was 5.6%, higher than target.
- James Hyerczyk
Retail sales in the Eurozone continued to struggle, contracting for the fifth consecutive quarter in the first three months of 2023.
- Bob Mason
It was a busy morning, with China’s inflation figures in the spotlight. Softer inflation and a deeper decline in the PPI eased inflationary jitters.
- Vladimir Zernov
U.S. dollar gained ground as Treasury yields tested new highs. Gold settled below the important $2000 level.
- James Hyerczyk
Markets brace for a week of key events, including US inflation data and updates on global economic growth.
- Vladimir Zernov
The American currency is gaining ground as traders bet that Fed will raise the rate by 25 bps at the next meeting.
- James Hyerczyk
US Payrolls rise by 236k in March 2023, while unemployment rate dips to 3.5% and average hourly earnings increase.
- Vladimir Zernov
USD/CAD is trying to settle above the 1.3480 level despite the pullback in Treasury yields.
- James Hyerczyk
Despite initial claims dropping, insured claims hit highest level since December.
- 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.