Market Overview - Page 52

The eurozone’s current account surplus climbed to a six-month high of 31.9bn in December. Analysts, on average, had expected a decline to 20.3 bn from 22.5 bn the previous month. The current level was seen in the eurozone during the.

Gold rallied for the fourth consecutive session to reach $2023, recovering almost all the losses suffered the week before on the back of the inflation report. Gold’s ability to rally suggests continued domestic demand, as some investors are clearly rushing.

Producer prices in Canada fell by 0.1% in January after a cumulative drop of 2.9% in the previous three months. Prices are now 2.9% lower than a year ago, picking up the pace of decline. Looking through all these large swings since.

The Japanese yen is hovering near 150 per dollar, retreating from last week’s four-month highs of 151. The 150-152 area is hazardous for short-term traders, as this is the level from which the Japanese Ministry of Finance intervened in October.

US housing starts plunged 14.8% to 1.331m in January, reversing four months of growth and taking the figure back to last year’s lows. This is in sharp contrast to analysts’ average expectations of 1.450m. The number of building permits issued.

UK retail sales rose by 3.4% in January, mainly recovering from the previous month’s dip but showing very high volatility. Last month’s miss led to talk of a looming recession despite a strong labour market. The new data reduced the.

US retail sales fell 0.8% in January instead of the expected 0.2% decline. Sales excluding autos fell 0.6% instead of the expected 0.2% rise. This drop took sales back to their lowest level since last July. Fuel sales last month.

Oil once again failed to confirm the bullish trend on Wednesday, moving lower under pressure from news of a jump in US inventories. The Department of Energy reported that commercial inventories rose by 12 million barrels last week, bringing the.

The release of last October’s US inflation data was a real blockbuster for the markets, creating powerful one-way movements. Consumer prices rose 0.3% in January, while annual inflation slowed from 3.4% to 3.1% instead of the expected 2.9%. The core.

Oil went on the offensive last week, once again confirming the importance of support at the 200-week moving average. Both robust US economic data and OPEC+ intentions to keep production under control fuelled the rally. All this is on top.

Consumer inflation in Switzerland slowed to an annual rate of 1.3% in January, the lowest since October 2021. This is significantly lower than the 1.7% recorded in the previous month and was expected on average by analysts. The current level.

Economic data continues to be on the Pound’s side, with another set of better-than-expected figures, this time from the labour market. The unemployment rate fell from 4.2% to 3.8% against expectations of 4.0%. A fall in the number of active.