Daily digest market movers: quiet Monday trading sees EUR/USD pinned as investors await key data...من setleme

28 Feb 2024, 12:47 · Views 60

European Central Bank (ECB) President Christine Lagarde noted on Monday that inflation continues to ease towards ECB targets, remains committed restrictive policy measures for the time being.
Read more: ECB President Lagarde says restrictive policy stance acts as a safeguard against wage-price spiral.
Germany’s Gfk Consumer Confidence Survey for March due Tuesday, expected to recover to -29.0 from -29.7.
US Durably Goods Orders in January are also due Tuesday, forecast to decline 4.8% versus the previous 0.0%.
Wednesday to hinge on US Q4 GDP, forecast to hold steady at 3.3% through the four quarters.
Thursday’s German Retail Sales expected to slightly recover to -1.5% for the year ended January compared to the previous period’s -1.7%.
German CPI for February forecast to ease to 2.7% YoY versus the previous 3.1%.
US Core PCE Price Index expected to print at 0.4% MoM in January versus the previous 0.2%.

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