Euro and Sterling Dive, Oil and Gold Surge
Moves in the markets are intensifying as another week starts, as Russia’s invasion on Ukraine continues. US and allies rejected Ukrainian President Volodymyr Zelenskyy’s plea for creating a no-fly zone over the country. But they’re now considering to step up sanctions...
ECB Preview – Inflation Forces the Normalisation Process to Continue
A difficult ECB meeting is due to take place on Thursday next week. After the pivotal hawkish communication shift at the February meeting, the ECB will have to balance a stronger inflation outlook with the highly uncertain economic impact of...
PayPal suspends its services in Russia over Ukraine war
In a letter addressed to the Ukrainian government, PayPal CEO Dan Schulman said the company was suspending its services in Russia.
Euro, European Stocks and Yields in Free Fall as WW III is Near
Russia invasion of Ukraine continued last week and risk aversion intensified sharply after Russia’s attempt to attack Zaporizhzhia nuclear power station. European stocks took a steep dive with benchmark yields. Oil prices surged to levels not seen in more than...
Weekly Economic & Financial Commentary: The U.S. Economy Had Solid Momentum Ahead of Russia’s Invasion
Summary United States: The U.S. Economy Had Solid Momentum Ahead of Russia’s Invasion February’s employment data showed the economy had strong momentum ahead of Russia’s invasion of Ukraine and amid the Fed’s shift to a more hawkish tone on monetary...
The Weekly Bottom Line: Canada – Rate Hikes Have Commenced
U.S. Highlights The labor market added 678k jobs in February, and the unemployment rate fell to 3.8% – the lowest reading since the pandemic began. Early indicators suggest that manufacturing and services sectors were out of sync in February, with...
Canadian Labour Market to Power Back from Omicron Blow
We expect Canada’s job market to have posted a strong comeback from the latest pandemic wave. We expect February’s job report will retrace three-quarters of the 200,000 jobs lost in January. High-contact hospitality sectors again took the brunt of the...
February jobs rose a surprisingly strong 678,000, unemployment edged lower while wages were flat
Job growth accelerated in February, posting the biggest monthly gain since July as the employment picture got closer to its pre-pandemic self. Nonfarm payrolls for the month grew by 678,000 and the unemployment rate was 3.8%, the Labor Department’s Bureau...
Strong February NFP Report, However, Wages Slip
The Nonfarm payroll report showed that the US added 678,000 jobs to the economy in February. This was versus an expectation of +400,000 and a higher revision to the January print to +481,000. In addition, the Unemployment Rate fell to...
Euro in Free Fall Again While Dollar Rebounds on Strong NFP
Dollar rises notably in early US session with help from strong headline non-farm payroll job growth, even though wages disappoint. But still, the overwhelming theme is Euro selloff on Russia invasion of Ukraine. The common currency is actually suffering a...