US Manufacturing PMI rose from 51.2 to 51.6, an eight-month high. However, Services PMI dropped sharply from 52.9 to 49.7, marking a 25-month low.
Fri, 21 Feb 2025 09:57:16 -0500
The crude oil markets look a bit negative in the early hours of Friday, as the market doesn't seem to have any real conviction one way or the other.
Fri, 21 Feb 2025 09:51:16 -0500
United States S&P Global Composite PMI dipped from previous 52.7 to 50.4 in February
Fri, 21 Feb 2025 09:45:58 -0500
United States S&P Global Manufacturing PMI above expectations (51.5) in February: Actual (51.6)
Fri, 21 Feb 2025 09:45:57 -0500
United States S&P Global Services PMI registered at 49.7, below expectations (53) in February
Fri, 21 Feb 2025 09:45:51 -0500
In real terms, sales growth accelerated to 2.5% m/m, reflecting robust spending supported by the GST/HST tax break. This is the highest reading since June 2022.
Fri, 21 Feb 2025 09:27:31 -0500
A flurry of often contradictory UK economic data and surveys this week has left the Bank of England none the wiser about whether Britain's economy is more at risk of a wave of job losses or a new period of persistently high inflation.
Fri, 21 Feb 2025 09:16:50 -0500
Russia could agree to using $300 billion of sovereign assets frozen in Europe for reconstruction in Ukraine but will insist that part of the money is spent on the one-fifth of the country that Moscow's forces control, three sources told Reuters.
Fri, 21 Feb 2025 09:08:26 -0500
Trading is rather subdued in the forex markets today, with most major pairs and crosses stuck within yesterday's range. Loonie failed to react to significantly stronger-than-expected retail sales data.
Fri, 21 Feb 2025 09:07:45 -0500
Canada's retail sales jumped 2.5% mom to CAD 69.6B in December, far surpassing market expectations of 1.6% mom. Sales increased across all nine subsectors, with the strongest contributions from food and beverage retailers and motor vehicle and parts dealers.
Fri, 21 Feb 2025 08:47:38 -0500
The Reserve Bank of India will conduct a massive $10 billion three-year dollar/rupee swap auction next week to infuse durable rupee liquidity into the banking system, which has been reeling under large cash deficits, the central bank said on Friday.
Fri, 21 Feb 2025 08:33:48 -0500
Canada Retail Sales ex Autos (MoM) came in at 2.7%, above forecasts (1.8%) in December
Fri, 21 Feb 2025 08:31:14 -0500
Canada Retail Sales (MoM) came in at 2.5%, above expectations (1.6%) in December
Fri, 21 Feb 2025 08:30:52 -0500
Natural gas futures edge higher as traders eye key levels. Warmer weather forecasts and tight supply keep market sentiment cautiously bullish.
Fri, 21 Feb 2025 08:27:25 -0500
Crude Oil remains under pressure towards 68.35. The market managed yesterday to re-test the resistance zone of 73.25-50 which is still intact on the chart.
Fri, 21 Feb 2025 08:21:03 -0500
UK Retail Sales rose a solid 2.1% in January, well ahead of expectations, after run of soft data in Q4, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fri, 21 Feb 2025 08:05:51 -0500
Preliminary Eurozone PMI data for February were mixed to slightly softer, weighing on the EUR somewhat in European trade, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fri, 21 Feb 2025 08:01:35 -0500
The US Dollar (USD) is trading higher on the day overall, with yesterday's big winner, the JPY, this morning's big loser after Japan's January headline CPI reflected the anticipated pick up to 4.0% Y/Y, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fri, 21 Feb 2025 07:58:08 -0500
The Canadian Dollar (CAD) is a very moderate loser on the day, down a little more than 0.1%. The CAD continues to track the broader trend in the USD and will likely continue to do so for now, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fri, 21 Feb 2025 07:54:27 -0500
Brazil's finance minister said on Friday that the challenge of an upcoming income tax reform will not be exempting workers earning up to 5,000 reais ($876) per month, but rather offsetting such revenue loss by taxing those who currently do not pay the tax.
Fri, 21 Feb 2025 07:41:59 -0500