Financial News
- James Hyerczyk
Advance retail sales for the month increased 3%, compared to a 1.9% forecast. Manufacturing activity in New York contracted at a slower pace.
- Carolane De Palmas
This coming Friday, the 17th of February at 7:00 AM GMT, Hermès is due to report its fourth quarter and full-year 2022 earnings results.
- Bob Mason
UK inflation softened by more than expected in January, which should give the BoE relief after Tuesdays wage growth figures.
- Vladimir Zernov
Traders bet that the company will continue to grow at a robust pace.
- James Hyerczyk
The consumer price index, which measures a broad basket of common goods and services, rose 0.5% in Jan., which translated to an annual gain of 6.4%.
- Bob Mason
UK wage growth raises further questions over BoE policy goals, with private sector wage growth up 7.3% in the December quarter.
- James Hyerczyk
“While we have seen modestly lower inflation readings in recent months, overall inflation remains high,” Fed Governor Michelle W. Bowman
- Bob Mason
US Mortgage Rates rose for the first time in five weeks, according to Freddie Mac numbers, with the January Jobs Report raising bets of a hawkish Fed move.
- Levon Kameryan
Bulgaria, set for another early election, could see a delay in its accession to the euro area beyond 2024 due to the combination of a lack of a stable government and elevated inflation.
- Vladimir Zernov
Rising Inflation Expectations provide Fed with an additional argument to be more hawkish.
- Bob Mason
It was a busy start to the UK session, with UK economic data easing immediate fears of a UK recession. BoE chatter is up next.
- Vladimir Zernov
Credit Suisse stock declined towards multi-decade lows amid worries about the company’s financial health.
- James Hyerczyk
Claims have remained low despite high-profile layoffs in the technology industry as well as the interest rate-sensitive finance and housing sectors.
- Bob Mason
Prelim German inflation figures for January may have eased pressure on the ECB to deliver more than a 50-basis point rate hike in March.
- Vladimir Zernov
The price of oil was volatile after the release of the EIA report, but there were no major moves.
- James Hyerczyk
Williams said that the labor market is still very strong and that the central bank still has more work to do on interest rates.
- Bob Mason
Stats from Italy came in ahead of forecasts, with retail sales seeing a modest decline relative to neighboring member states.
- Vladimir Zernov
Powell was less hawkish than expected, which was bearish for the U.S. dollar and bullish for riskier assets.
- Bob Mason
German industrial production fell by more than expected today, aligned with recent manufacturing PMI surveys. However, factory orders gave hope.
- Vladimir Zernov
USD/CAD traders stay focused on the general strength of the U.S. dollar.