The euro is having itself a nice day, rising 30 pips to 1.0765 and near a session high. The markets are pricing a 76% chance of a 50 bps hike from the ECB on Feb 2. That’s dipped from earlier this week.
There is not much going on on the FX market today besides the yen and Swiss franc being weaker. Tomorrow’s U.S. CPI report and after that, there is not much to do. Tomorrow’s economic data consist of the EIA’s weekly oil inventory data, which is the only other item on.
Today, bond markets are being bought Headers: Villeroy of the ECB has declared that rates will be pushed higher in the future Bond markets are being bought today Domestic flights are being grounded by a malfunctioning IT bond markets are being bought today Domestic flights are being grounded by a.
A brief overview of what’s going on: The 10-year Treasury yields decreased 6.2 basis points to a rate of 3.561% German bunds experienced a drop of 8.5 basis points to 2.216% Italian bonds saw a dip of 11.6 basis points to 4.095% It is possible to eliminate plagiarism by altering.
The fed chairs expected comments turned out to be a non-event and now everyone is looking forward to tomorrows us cpi data that makes for a quiet day today since no one is sure of anything both usdcad and audusd look like they might break to the upside while usdgbp.
The dollar is holding steady on the balance of things today, as major currencies remain largely unenthusiastic. Yesterday, markets paused to watch Fed chair Powell’s comments, but in the end he provided no major news. That allowed for stocks to recover some ground, as the S&P 500 rose 0.7% as.
Nikkei (gated) with the report: Uniqlo operator Fast Retailing will increase annual pay for full-time employees in Japan by up to around 40% in March The plan affects around 8,400 people, both at Fast Retailing headquarters and at the company’s stores. As an example, starting monthly salaries will increase to.
Japan’s Ministry of Finance financial bureau head Saito with the remarks: Interest rates remain low but the current situation won’t last indefinitely JGB coupon rates will be decided based on prevailing market conditions Striving to extend duration of JGB yields by correcting massive issuance of short-term JGBs FY2020 — This.
What exactly is Services CPI ex Rent and Shelter doing? WTI crude futures settle at $75.12 BofA heatmap on FX drivers and directions for 2023 U.S. Treasury sales of $40 billion of 3 year notes a high yield of 3.977% ECB’s Centeno: We are approaching the end of interest rate.
One of the puzzles of the post-pandemic economy was the persistent gap in the US labor force participation rate, which sits about 1.5 full percentage points below 2019 levels. A new Fed report explains the gap with early retirements spurred by the pandemic. “The increased retired share explains essentially all.
The thought was that the pre-market stocks were lower because of the fear from Fed Powell’s panel discussion (or so it seems). When the comment came out that he would not talk to monetary policy/economy, the fear turned to covering. The indices started to recover before the open and now.
The Fed chairman is speaking today at 9 am ET and the market is cautious. US equities sold off late yesterday and have continued lower in the premarket with S&P 500 futures down 15 points. The US dollar has also turned higher in the past hour and is trading at.