Its clear things will get harder before they get better. There are reasons to be hopeful, vaccine roll-out is underway, we will get through this.
Prudent monetary policy this year will be more flexible, targeted, appropriate Monetary policy will provide necessary support for economic recovery
1.UK Manufacturing Production UK Manufacturing Production will be published today. The UK Manufacturing Production is expected to ease to 0.9% in November from 1.7% rise in the previous reading. Additionally, we will focus on monthly GDP figures for further hints on the...
US December import price index +0.9% m/m vs +0.7% expected
US Initial Claims 965K, Exp. 789K
OPEC says US Shale Supply is Now Slightly More Optimistic With Rising Oil Prices, Sees Output Recovering More in H2 2021
- Lowering yields further may have negative side effects - Concerns were voiced over risks related to developments in the exchange rate that might have negative consequences for the inflation outlook
It is possible that the situation will get worse still thanks to the new virus variant German ICU capacity more challenged than ever 10 out of 16 German state hospitals are facing bottlenecks due to virus surge
The poorest annual reading since the global financial crisis The headline is a little better than estimates of a 5.1% and 5.2% decline in economic output for the whole of last year.
Biden is scheduled to unveil plans for trillions of dollars in further COVID-19 stimulus measures later in the day. Investor expectancy that the measures will lead to faster economic recovery lifted U.S. Treasury yields, in turn giving the greenback a boost.
1. ECB Monetary Policy Meeting Accounts It is a detailed record of the ECB Governing Board's most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates 2. US Unemploym...
EIA weekly US crude oil inventories -3248K vs -3000K expected
Crude oil stocks today to be published in the U.S and it is expected to decline by -2.266M this week. If we look at last week data; oil stocks declined by -8.010M barrels. It will be important for oil prices.
Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 0.4% in December from 0.2% in November, the report published by the US Bureau of Labor Statistics showed on Wednesday. On a yearly basis, the CPI edged higher to 1.4% and came in higher than the market expectation of 1.3%.
US December CPI +1.4% y/y vs +1.3% expected
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