Financial News
- Vladimir Zernov
Manufacturing PMI signaled the biggest upturn in the sector since September 2022.
- James Hyerczyk
HCOB PMI data underscores Germany’s ongoing economic difficulties, with a bleak outlook.
- Bob Mason
The Bank of Japan recently pinned hopes on the Service sector driving wage growth and demand-driven inflation. Back to the drawing board?
- James Hyerczyk
NVIDIA astonishes with $5.15/share earnings, a soaring $22.10B revenue, and $12.29B net income, dominating the AI market.
- Vladimir Zernov
The central bank is worried that premature rate cuts would lead to a second inflation wave.
- Bob Mason
The ASX 200 and Hang Seng Index had mixed fortunes early in the Wednesday session. Property and tech stocks contributed to early gains for the HSI.
- Bob Mason
Service PMIs are in focus for the EUR, GBP, and USD, with the ECB, the Fed, and the PBoC also under the spotlight in the week ahead.
- Bob Mason
BTC returned to the $52,000 handle for the first time since 2021, while Senator Elizabeth Warren and SEC Chair Gary Gensler were under the spotlight.
- Vladimir Zernov
Five-year expectations for business conditions increased to the highest levels since December 2020.
- James Hyerczyk
In January, the producer price index (PPI) increased by 0.3%, surpassing the expected 0.1% rise, indicating complexities in the inflation scenario.
- Bob Mason
UK retail sales data sends yet more mixed signals for the Bank of England to decipher. Softer inflation may not be enough to trigger rate-cut discussions.
- Bob Mason
Coinbase delivered impressive Q4 earnings that were in stark contrast to Q3, highlighting the impact of the recent thawing of the crypto market winter.
- Vladimir Zernov
The absence of positive catalysts may push natural gas prices to new lows.
- James Hyerczyk
January retail sales dropped 0.8%, defying forecasts; Citi’s 0.6% estimate closest. Consumer spending shifts hint at trends.
- Eiko Sievert
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.
- Vladimir Zernov
Oil markets pulled back from session highs as traders reacted to the EIA report.
- Bob Mason
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.
- James Hyerczyk
In January, the Consumer Price Index unexpectedly rose to 0.3%, indicating stronger inflationary pressures in the economy.”
- Bob Mason
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.
- Bob Mason
It is an important week for the global financial markets, with the Australia, euro area, Japanese, and UK economies also under the spotlight.