News
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ECB: Inflation risks skewed to the upside – Nomura
Nomura analysts project that Euro area inflation will hover around the ECB’s 2.0% target until the end of 2027, with GDP growth expected to reach pre-pandemic levels by mid-2026. They foresee potential inflation overshooting in 2028, necessitating rate hikes.
Fxstreet
Thu, Feb 5
Breaking: Bitcoin slips below $70,000 as falling knife scenario in play
Bitcoin (BTC) price dips below $70,000 on Thursday, having corrected nearly 20% for this year. Market momentum turned extremely bearish, with technical indicators pointing to further downside toward the next key support at $65,000.
Fxstreet
Thu, Feb 5
Canada's Carney wins admiration globally but struggles to lower food costs at home
Carney wins global plaudits for standing up to the U.S. Carney's measures provide some relief to the poorest, but won't address high grocery prices, experts sayCanada recorded the highest rate of food inflation among G7 countries in DecemberBy Maria Cheng OTTAWA, Feb 5 (Reuters) - Canadi...Reuters
Thu, Feb 5
Warsh may struggle to lay down new rules of the road for Fed
Warsh's nomination seen as test for Fed's expansive roleHe is seen as advocate of rules but not necessarily of constraintTop Fed job will test Warsh's commitment to principles he has set By Howard Schneider WASHINGTON, Feb 5 (Reuters) - In the 15 years since leaving the Federal Reserv...Reuters
Thu, Feb 5
UK January new car sales rise to best in six years, industry data shows
Feb 5 (Reuters) - British new car sales rose 3.4% in January from a year earlier to their highest level in six years, data from the Society of Motor Manufacturers and Traders showed, pointing to stabilising demand as private purchases picked up and buyers shifted to greener models. New car regist...Reuters
Thu, Feb 5
GBP: Uncertain rate cut timing – Societe Generale
Societe Generale's report provides insights on the British Pound (GBP) as the BoE's next rate cut timing remains uncertain. It suggests that the statement from the BoE will likely reiterate that inflation is projected to fall back towards the target more quickly in the near term.
Fxstreet
Thu, Feb 5
Slump for UK builders eases but price pressures strong, PMI shows
LONDON, Feb 5 (Reuters) - Britain's construction sector showed signs at the start of the year that it might be past the worst of a slump, as recent interest rate cuts and less of a decline in new work raised hopes of a turnaround, a survey showed on Thursday.The S&P Global/CIPS UK constructi...Reuters
Thu, Feb 5
German industrial orders post biggest increase in two years
Orders climbed 7.8% in December, exceeding expectationsExcluding large contracts, orders rose 0.9% in DecemberForeign orders rose 5.6%, driven by non-euro zone demandBy Maria MartinezFeb 5 (Reuters) - German industrial orders rose unexpectedly in December, posting their biggest increase in two years...Reuters
Thu, Feb 5
Euro zone bond yields steady as ECB expected to keep rates on hold
By Sophie Kiderlin LONDON, Feb 5 (Reuters) - Euro zone bond yields were steady on Thursday against a backdrop of fragile global markets and ahead of a European Central Bank interest rate decision which investors widely expect will keep rates unchanged.Germany's 10-year yield DE10YT=RR, the b...Reuters
Thu, Feb 5
GBP: Bank of England uncertainty with disinflation trend – UBS
UBS economist Paul Donovan highlights uncertainty around the Bank of England meeting, contrasting it with a more predictable ECB. He explains that quirks in data collection distorted December inflation, but underlying UK inflation is expected to trend lower.Fxstreet
Thu, Feb 5
German industrial orders rise 7.8% in December
Feb 4 (Reuters) - German industrial orders rose 7.8% in December, when compared with the previous month, on a seasonally and calendar-adjusted basis, the federal statistics office said on Thursday.A Reuters poll of analysts had pointed to a fall of 2.2%.The statistics office publishes more economic ...Reuters
Thu, Feb 5
German Factory Orders jumps by 7.8% MoM in December vs. -2.2% expected
Germany's Factory Orders unexpectedly jumped in December, suggesting that the country’s manufacturing sector activity continues to gain momentum, according to the official data published by the Federal Statistics Office on Thursday.Fxstreet
Thu, Feb 5
