Eurozone March Sentix investor confidence -3.1 vs -5.0 expected
Prior 4.2 No surprises there as the index drops off amid the initial impact of the US-Iran conflict. I would expect investor sentiment to worsen further if given the chance to see…
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Germany January industrial orders -11.1% vs -4.5% m/m expected
Prior +7.8%; revised to +6.4% When you exclude large orders, overall factory orders in Germany were just 0.4% lower than in December last year. Once again, it reflects the volatile swings in…
Germany January industrial production -0.5% vs +1.0% m/m expected
Prior -1.9%; revised to -1.0% The drag here also comes after a more positive revision to the December numbers, so keep that in mind. Still, German industrial output was much weaker in…
Japan reportedly calls on oil storage bases to prepare for release of stockpiles
That as the report notes that preparations are now being made in anticipation of a prolonged de facto closure of the Strait of Hormuz. For some context, there are ten national oil…
Japan prime minister Takaichi: Hard to say how Middle East conflict could affect economy
Hard to say how the conflict in the Middle East could affect Japan’s economy Many citizens are worried about rising gasoline prices The government is scrutinising to see what steps it can…
Bahrain’s major oil refinery also reportedly struck by Iranian drone attack
It is being reported by Reuters that there is thick smoke rising from the direction of Bahrain’s Bapco oil refinery. This is one of the oldest and most strategic energy hubs in…
Everything that Trump hates is what is happening in markets
What a scintillating start to the new week this is. Oil prices have surged by well over 20%, poised for its largest one-day gain on record. And we’re talking about prices near…
investingLive Asia-Pacific market news wrap: It’s the largest one-day rise in oil, ever
Trump unhappy about Israel’s Iran fuel strikes – report Iran chooses Khamenei’s son as new Supreme Leader China February CPI +1.3% vs +0.8% expected Japana January current account surplus 941.6B vs 960B…
China February CPI +1.3% vs +0.8% expected
Prior was +0.2% y/y CPI m/m +1.0% vs +0.5% expected Prior m/m CPI was +0.2% PPI y/y -0.9% vs -1.2% expected Prior y/y PPI was -1.4% This is a hot reading and…
Rough day in Japan as the yen falls and the Nikkei plunges
USD/JPY is closing in on the highest levels of the year. The pair is up 80 pips so far today to 158.59, breaking above last week’s peak and trading at the best…
Japana January current account surplus 941.6B vs 960B expected
Prior was 728.8B yen Current account in goods vs 134.9B prior Japan’s current account balance, published monthly by the Ministry of Finance, is one of the broadest measures of the country’s international…
Japana January current account surplus 941.6B vs 960B expected
Prior was 728.8B yen Current account in goods vs 134.9B prior Japan’s current account balance, published monthly by the Ministry of Finance, is one of the broadest measures of the country’s international…