Euro and Dollar in Focus as Market Awaits US Data Release
Friday, 16 February 2024, 12:35
Headlines:
- Dollar holds steady so far, more US data to follow later
- ECB's Schnabel: We must be cautious not to adjust policy stance prematurely
- ECB's Villeroy: There is still the question of exact timing for rate cut
- BOJ's Ueda: Reaffirms focus on the outcome of spring wage negotiations
- BOJ's Ueda: Expects real wages to gradually turn positive
- UK January retail sales: +3.4% vs +1.5% m/m expected
- Germany January wholesale price index: +0.1% vs -0.6% m/m prior
- France January final CPI: +3.1% vs +3.1% y/y prelim
Markets:
- NZD leads, JPY lags on the day
- European equities higher; S&P 500 futures up 0.2%
- US 10-year yields up 2.4 bps to 4.263%
- Gold up 0.2% to $2,007.53
- WTI crude down 0.6% to $77.57
- Bitcoin up 1.7% to $52,250
It was a quiet session for FX but stocks are continuing to rise. European equities hit record highs with the US futures also on the rise. Major currencies remain stable but tech shares boost optimism. Stay tuned for US data updates to end the week.
In non-market news, Russian opposition leader Alexey Navalny reportedly died in prison, sparking tensions. 2021 statements by US president Biden highlighted potential consequences if confirmed.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.