Trade report of 12-1
American banks did not have an excellent year in 2023, according to the quarterly figures of Wells Fargo, JP Morgan. Bank of America and Citigroup. Oil prices are just below $80 after escalation of hostilities in the Red Sea today.
Today's calendar showed the GDP from the UK and PPI from the US:
GBP GDP m/m Is: 0.3% Expected: 0.2% Was: -0.3%
USD Core PPI m/m Is: 0.0% Expected: 0.2% Was: 0.0%
USD PPI m/m Is: -0.1% Expected: 0.1% Was: -0.1%
Here we see no change that is negative for expectations.
The news emerging in recent days has the following implications: that global growth is likely to slow this year, but a dovish stance from the Federal Reserve has boosted hopes for the US economy and the prospects for riskier assets, according to the major banks improved.
However, the European Central Bank and the Bank of England sticking to their 'higher-for-longer-rates' stance have clouded expectations for Europe.
The US dollar was mixed against its major trading partners early today – up against the euro and pound, down against the yen and Canadian dollar. – before the producer price data for December, which led to the long holiday. weekend.
Consumer price indexes for December, released on Thursday, showed an acceleration in headline inflation year-on-year, but also a mild slowdown in core interest rates, which are still lower but still high.
Today's calendar showed the GDP from the UK and PPI from the US:
GBP GDP m/m Is: 0.3% Expected: 0.2% Was: -0.3%
USD Core PPI m/m Is: 0.0% Expected: 0.2% Was: 0.0%
USD PPI m/m Is: -0.1% Expected: 0.1% Was: -0.1%
Here we see no change that is negative for expectations.
The news emerging in recent days has the following implications: that global growth is likely to slow this year, but a dovish stance from the Federal Reserve has boosted hopes for the US economy and the prospects for riskier assets, according to the major banks improved.
However, the European Central Bank and the Bank of England sticking to their 'higher-for-longer-rates' stance have clouded expectations for Europe.
The US dollar was mixed against its major trading partners early today – up against the euro and pound, down against the yen and Canadian dollar. – before the producer price data for December, which led to the long holiday. weekend.
Consumer price indexes for December, released on Thursday, showed an acceleration in headline inflation year-on-year, but also a mild slowdown in core interest rates, which are still lower but still high.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.