Tag Archives: inflation

The EUR/GBP pair hit fresh annual highs in the 0.8470s but has since pulled back to consolidate around the 0.8450 area, where it trades broadly flat on the session.The latest remarks from ECB President Christine Lagarde before the EU parliament did not add anything new to her remarks in last …

The Gold Index (XAU/USD) climbs in the North American session, despite US T-bond yields shooting through the roof after the US Nonfarm Payrolls report smashed expectations. XAU/USD is trading at $1,816.Financial markets mood is positive. US Treasury yields move higher in the session, with the 10-year benchmark note rate at …

Eurozone inflation risks are on the rise but price pressures could still subside before becoming entrenched in expectations, European Central Bank President Christine Lagarde said on Monday. Pointing to mounting inflation risks, Lagarde opened the door last week to an interest rate hike later in 2022 and said that a …

German industrial production fell in December, as Europe’s largest economy was hit late last year by supply chain crises, official data showed on Monday. Industrial Production in Germany unexpectedly fell in December, suggesting that the manufacturing sector is not back yet. Eurozone’s economic powerhouse’s industrial output fell by 0.3% MoM, …

Fierce swinging in stocks and a sharp upping of government bond yields are putting the spotlight on next week’s US inflation data, as investors look forward to more volatility across asset markets.A turbulent week in markets ended with a surge in Treasury yields to their highest level in more than …

Treasury yields rose on Thursday as investors remained focused on the upcoming key NFP data. The yield on the benchmark 10-year Treasury note climbed 6 basis points to 1.831%. The yield on the 30-year Treasury bond added 5 basis points to reach 2.152%.Yields move inversely to prices and 1 basis …

European Central Bank policymakers see a policy change at the March meeting if inflation does ease, said sources speaking to Reuters.The sources said that policymakers see a faster pace of tapering of the Asset Purchase Programme (APP) as its first point of call to fight higher inflation. According to the …

According to the final version of IHS Markit’s Services PMI survey, the headline index was 51.2 in January, above the flash estimate for a 50.9 reading. The final Composite PMI came in 51.1 in January, also above the flash reading of 50.8. January US PMI Composite Index (Final): 51.1 vs. …

The European Central Bank opted to leave its deposit rate unchanged at -0.5% on Thursday as unanimously expected. The bank maintained its guidance on interest rates, saying they would remain at present or lower levels until the conditions for a rate hike have been met. The bank also reaffirmed its …

Bank of Canada Governor Tiff Macklem on Wednesday said that there is some uncertainty about how quickly inflation will come down due to the unique nature of the COVID-19 pandemic, which has helped drive up prices. However, Macklem added that the bank is confident that inflation will eventually come down, …