Financial News

The ECB remains under pressure after the German economy contracted in Q4, with investors betting on an April ECB interest rate cut.

USD/JPY dipped on speculation about the timeline for a BoJ pivot from negative rates. Concerns about the Chinese economy impacted the Hang Seng.

Manufacturing PMI signaled the biggest upturn in the sector since September 2022.

HCOB PMI data underscores Germany’s ongoing economic difficulties, with a bleak outlook.

The Bank of Japan recently pinned hopes on the Service sector driving wage growth and demand-driven inflation. Back to the drawing board?

NVIDIA astonishes with $5.15/share earnings, a soaring $22.10B revenue, and $12.29B net income, dominating the AI market.

The central bank is worried that premature rate cuts would lead to a second inflation wave.

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.

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.

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.

Five-year expectations for business conditions increased to the highest levels since December 2020.

In January, the producer price index (PPI) increased by 0.3%, surpassing the expected 0.1% rise, indicating complexities in the inflation scenario.

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.

Coinbase delivered impressive Q4 earnings that were in stark contrast to Q3, highlighting the impact of the recent thawing of the crypto market winter.

The absence of positive catalysts may push natural gas prices to new lows.

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.”