US retail sales declined -0.4% mom to USD 697.9B, below expectation of 0.2% mom. Ex-auto sales fell -0.1% mom to USD 567.2B, matched expectations. Ex-gasoline sales dropped -0.4% mom to USD 639.5B. Ex-auto, gasoline sales Read more…
Oil prices fell to a three-month low following the release of US inflation data which was in line with expectations. The annual inflation rate of 6% and monthly rate of 0.4% were unsurprising, but the Read more…
According to the Spring 2023 economic forecast released by Germany’s Ifo, the country’s economy is expected to contract by -0.1% in 2023 before growing 1.7% in 2024. Headline inflation is projected to slow slightly to Read more…
The German economy is expected to grow at a faster pace than previously predicted, according to forecasts by the IfW economic institute. The institute raised Germany’s economic growth forecasts for 2023 from 0.3% to 0.5% Read more…
Equities bounce back as traders trim their bets of aggressive tightening by central banks. The FTSE 100 has tumbled to the base of a breakout rally in early January near 7490. This is a critical Read more…
Markets Volatility on especially rate markets remained high yesterday. Markets in the end erased part of the fallout of the SVB and Signature Bank collapse & government deposit bailout. The jury is still out on Read more…
China’s banks lent a record ¥4.9 trillion in January as the economy reopened form lockdowns. And there was some anticipation to see whether the new loans were making their way through the economy to aid Read more…
China’s banks lent a record ¥4.9 trillion in January as the economy reopened form lockdowns. And there was some anticipation to see whether the new loans were making their way through the economy to aid Read more…
China’s economic data for the first two months of 2023 showed mixed results, with industrial production growth falling short of expectations but retail sales and fixed asset investment exceeding them. According to China’s National Bureau Read more…
BoJ has reaffirmed its commitment to continuing with its current monetary easing policy, including yield curve control, to achieve the price stability target, according to the minutes of its meeting in January 17-18. One member Read more…