Tag: Crude up

MARKET REPORT

Review:
– US PPI rises most since August. Exp +0.3% Act +0.6%
– Energy and food primary drivers
– Core rate (Ex Food and Energy) Exp +0.2% Act +0.3% ALTHOUGH Prev +0.5%
– YoY +1.6% from Jan +0.9% surpassing Exp +1.1%
– US Retail Sales Exp +0.8% Act +0.6%
– Jan upwardly revised (ie lower) to -1.1% fall
– IE STRONGER THAN EXP PRODUCER PRICES AND WEAKER SPENDING
– US Jobless Exp -218k Act -209k
– Atlanta Fed GDP Now cut

MARKET REPORT

MARKET REPORT

Review:
– SP & Nasdaq close record highs
– Broader Equities flat, Nasdaq up 0.5%
– Nvidia +2.5% all to time highs, Microsoft, Meta all time highs, ASML up on quarterly results
– Dollar touch weaker, rallied into the afternoon
– Gold Hit 2036 before falling off cliff
– Crypto flat after dump
– Canada keeps rates UNCH at 5% (Act & Prev)
– Stellar US Flash PMIs
– Dismal US 5yr auction
– US crude production falls 1mln BPD amid cold weather
– PBoC cut its RRR
– Mixed European Flash PMIs
– NFLX impresses