Key points to watch out for: Federal Reserve meeting: brace for impact This week is undoubtedly one of the busiest on the economic calendar, perhaps the most important for investors. Many banks will make key decisions this week, but the most important will be on Wednesday, March 20, when the Federal Reserve (Fed) meets. There […]
Eurozone Inflation Moderates in February
Headline inflation in the euro area moderated by nearly two-tenths in February on a year-over-year basis, reaching 2.6%. The core rate, which excludes volatile items such as energy, food, alcohol, and tobacco, to provide a clearer measure of long-term inflation trends, fell to 3.1% from 3.3%, its lowest level in two years, according to data from Eurostat, […]
China’s economic growth exceeds expectations
China’s latest economic data for January and February 2024 have exceeded analysts’ estimates. Notably, retail sales rose by 5.5%, surpassing forecasts of 5.2%. Similarly, industrial production grew by 7%, beating forecasts of a 5% increase. Labor market and investments: a mixed picture Fixed asset investment also exceeded expectations, rising by 4.2% compared to analysts’ predictions […]
Daily Technical Analysis: EUR/USD Facing a crucial week
EUR/USD faces perhaps one of the most important key weeks of the economic calendar, as meetings are scheduled for both the euro zone and the United States this week. On the euro (EUR) side, the European Central Bank (ECB) is expected to decide whether or not to lower interest rates. The PMI data to be released […]
Wall Street revaluates Nike’s price target pending results
Next Thursday, March 21, Nike B will release its results in reference to the third fiscal quarter of 2024. Wall Street analysts have renewed their price target for Nike B with a positive outlook, despite negative estimates According to Brand Finance’s 2023 Apparel 50 Annual Report, Nike was named the top sports brand worldwide for the ninth […]
Wholesale inflation rises in February and its impact on the U.S.
Wholesale prices increased at a faster-than-expected pace in February, another reminder that inflation continues to be a growing concern for the U.S. economy. The Producer Price Index, which looks at costs in the supply chain for raw, intermediate, and finished goods, rose 0.6% during the month, the Labor Department’s Bureau of Labor Statistics released Thursday. […]
Dollar Rallies on PPI Expectations, EUR on ECB Expectations
The U.S. dollar (USD) gained value in European market trading on Thursday, maintaining recent strength in anticipation of the release of further clues about U.S. interest rates relative to producer inflation along with retail sales data. The dollar Index (DXY), which tracks the value of the U.S. dollar against a basket of six major currencies, stood […]
Bank of America revises upward positive S&P 500 estimates
The S&P 500 will deliver higher-than-expected earnings in 2024, fueled by steady growth and advances in artificial intelligence, according to analysts at Bank of America Corp. (BAC), recognized as one of Wall Street’s top earnings forecasters. In a recent statement, the financial institution commented that they have raised their S&P 500 earnings per share (EPS) estimate to $250 […]
U.S. Inflation remains high in february data
In February, the Consumer Price Index (CPI) grew grew 0.4% month-over-month and 3.2% annually. The Bureau of Labor Statistics of the Department of Labor reported that the core CPI, which does not include food and energy prices, rose 0.4% in February and 3.8% compared to the same month last year. Although inflation has been falling since […]
Daily Technical Analysis: GBP/USD Uptrend Gains Momentum
The British pound (GBP) aims to reach multi-month highs against the US dollar (USD). This week, alongside recent CPI data showing unexpected inflation persistence in the U.S., pay attention to wage data and further inflation figures. Sterling is likely to reach its highest level in several months against the dollar this week, boosted by positive signals from […]