Home Tools Market Update – February 17 – Data Continue to Surprise

Market Update – February 17 – Data Continue to Surprise


Hawkish Bullard and Mester’s policy outlooks (50bps boosts each), in addition to stronger economic reports, added to selling pressures Treasuries And on Stocks. PPI and Jobless claimsIn addition to the bearish CPI, there was also the impact of nonfarm payrolls and retail sales reports. But it increased the USD’s safety and pricing in rate increases.

According to BofA Global Research, 24% of global managers expect a recession now, compared with 77% in November.

  • USD Index spiked to 104.40.
  • GBP – This morning, retail sales volumes Surprisedly, the unexpectedly high 0.5% increase was unexpected In monthly terms, January But overall, there was still low demand from inflation-stricken consumers. GBPUSD – at 200-DMA, i.e. 1.1936 – Next Support: 1.1840.
  • Stocks – In the US, markets plunged in the last hour of trading. US100 (-1.78%), US500 (-1.38%), US30 (Closest: -1.26%). Tesla (-5.69%) NY workers were laid off 4%amp; rOver Full Self-Driving Software, ecalled 362,000 US cars NatWest (+4.97% afterhours and -9% London currently) Revenue increases result in a 33% increase in profit. Allianz (currently +0.55%) A fourth-quarter net profit of $2.5 million was achieved, marking a return back to the black. Mercedes (currently +0.33%) warned…

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