The US Federal Reserve's minutes of its previous meeting in early February, issued at the end of trading on Wednesday, showed stronger tightening than expectations in monetary policy, as some members preferred to raise interest rates by 50 basis points before everyone agreed on 25 basis points. The members agreed on the need for an additional increase in interest rates,...
View MoreThe Ifo index measuring confidence in Germany rose to 91.1 in February compared to 90.2 in January's revised reading to match expectations. In detail, the current situation index fell to 93.9, while the expectations index rose to 88.5 from 82.0. On the other hand, figures issued by the Federal Bureau of Statistics, Destatis, showed an increase in the CPI inflation...
View MoreThe Reserve Bank of New Zealand raised interest rates by 50 basis points, to reach 4.75% from 4.25%, as expected at the first bank meeting in 2023, which was held this morning, Wednesday, February 22, bringing interest levels to their highest levels in 14 years. And the interest statement stated that the bank is expected to continue to tighten monetary...
View MoreThe New Zealand Reserve Bank is expected to hold its first meeting this year at the Asian session of the session tomorrow, Wednesday, as expectations indicate that the Central Bank of New Zealand will raise interest rates by 50 basis points to 4.75%. The last meeting of the bank at the end of November of last year raised interest rates...
View MoreThe Consumer Price Index (CPI) in Canada grew by about 5.9% in January on an annual basis, according to figures released moments ago, compared to 5.3% in the December reading, better than expectations that indicated a rise to 5.7%, while the main index, excluding gasoline prices, rose to 5%. On an annual basis of 5.4%, better than expectations, which indicated...
View MoreThe services PMI for the eurozone grew by 53 points in February from 50.8, an eight-month high, while the manufacturing index fell to 48.5 from a two-month low of 48.8. The improvement in the service index came after the index rose in France to 52.8 from 49.9 and the index stabilized in Germany at 51.3 while the German manufacturing index...
View MoreThe US dollar gained for the third week in a row Markets are awaiting the New Zealand Reserve meeting and the Federal Reserve's minutes The Japanese yen is testing 135 levels and waiting for Ueda's comments Separate economic data After the US and British inflation numbers, in addition to the Australian labor market figures and retail figures from the United...
View Moreoil Crude prices are recording declines for the fourth consecutive session, in the longest series of declines in the year 2023, in the middle of the closing session of the week today, Friday, to record weekly losses of more than 4%, affected by the rises of the US dollar and the rise in crude stocks in a way that exceeded...
View MoreThe general index of the US dollar is trading at its highest level since the sixth of January, at 104.40 levels, up by 0.40% this morning, Friday, the 17th of February, in the closing session of the week, heading to record weekly gains of more than 0.70% for the third consecutive week. The US dollar receives support this week from...
View MoreFigures released moments ago by the US Bureau of Labor Statistics showed that the Producer Price Index (PPI) rose by 0.7% in January after declining by 0.5% in December, exceeding expectations for a gain of about 0.4%, while the index rose on an annual basis by 6%. The index excluding food and energy prices increased by 0.6% in January, the...
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