ECB hikes rates by 50bp
The European Central Bank has hiked interest rates by 50bp and made a quasi-announcement of a further 50bp hike in March...
German labour market starts the year off strongly
Only a small increase in unemployment in January shows that the labour market remains an important source of resilience ...
Eurozone avoids contraction but domestic demand falters
A resilient eurozone economy managed to grow by 0.1% in the fourth quarter, but this likely masks a contraction in house...
China: PMI positively surprises the market
USDCNY fell to around 6.75 after the PMI data release came in better than expected
Surprise from the non-manufact...
German economy falls into winter recession
So much for reliable statistics! The German economy contracted in the fourth quarter of 2022 after the first tentative s...
Pressure on BOJ Grows
Market movers today
In the US, household spending probably declined in December, with high-frequency indicators s...
Australian dollar shrugs as PPI falls
The Australian dollar is almost unchanged on Friday, trading at 0.7112.
Australia’s PPI slips
Exclusive: Top U.S. Treasury official to warn UAE, Turkey over sanctions evasion
The U.S. Treasury Department's top sanctions official on a trip to Turkey and the Middle East next week will warn countr...
Dollar clings to gains after U.S. data; traders eye Fed next week
The dollar clung to modest gains against the euro on Friday after data showed falling U.S. consumer spending and cooling...
Gold en route to sixth weekly gain; focus shifts to Fed
Gold steadied on Friday with gains capped by a stronger dollar, but the metal was still set for a sixth straight weekly ...
Oil prices settle lower on stronger supply outlook
Oil prices settled lower on Friday, making their weekly finish flat to lower, as indications of strong Russian oil suppl...
Chinese PMIs And Potential Commodity Currency Recovery
With lingering questions on how much of an impact China’s reopening will have on the global economy, there’s likely ...
Will the Fed add a hawkish flavor to a smaller hike?
With some Fed officials corroborating investors’ view of a quarter point increase, Wednesday’s FOMC gathering will l...