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    Account of the monetary policy meeting of the Governing Council of the ECB held in Frankfurt...

    From ecb.europa.eu|5 hr ago

    Ms Schnabel noted that, since the Governing Council’s previous monetary policy meeting on 16-17 October 2024, the narrative in financial markets had shifted as a result of rising trade and economic policy uncertainty. Investors had increasingly focused on the divergence in growth prospects between the euro area and the United States. This had manifested itself in a divergence of bond yield and equity price developments between the euro area and the United States, as well as a pronounced weakening of the euro against the US dollar. While the euro area near-term inflation outlook embedded in market pricing had shifted upwards, inflation compensation had declined over longer horizons. This had led investors to expect a frontloading of ECB rate cuts and a lower terminal rate. Owing to these expectations regarding the rate-cutting cycle, combined with the weakening of the euro exchange rate against the US dollar and still benign risk asset price constellations, financial conditions had loosened further. post: ECB ACCOUNTS: REGARDING THE INFLATION OUTLOOK, MEMBERS WERE INCREASINGLY CONFIDENT THAT INFLATION WOULD RETURN TO TARGET IN THE FIRST HALF OF 2025. post: ECB ACCOUNTS: IF THE BASELINE PROJECTION FOR INFLATION WAS CONFIRMED OVER THE NEXT FEW MONTHS AND QUARTERS, A GRADUAL DIALLING-BACK OF POLICY RESTRICTIVENESS WAS SEEN AS APPROPRIATE. post: ECB ACCOUNTS: MORE CHECK POINTS HAD TO BE PASSED TO ASCERTAIN WHETHER DISINFLATION REMAINED ON TRACK AND KEPT OPEN THE OPTIONALITY TO MAKE ADJUSTMENTS ALONG THE WAY. post: ECB ACCOUNTS: SOME MEMBERS NOTED THAT A CASE COULD BE MADE FOR A 50 BPS RATE CUT AT THE CURRENT MEETING AND WOULD HAVE FAVOURED MORE CONSIDERATION BEING GIVEN TO THE POSSIBILITY OF SUCH A LARGER CUT.

    Silver’s Upside Target: Almost There

    From silverpriceforecast.com|3 hr ago|1 comment

    We’re almost at the targets – in case of multiple markets. And we got other signs, too. The trend is likely about to change. chart Silver is up over $1.5 since we bought it – not bad for a two-day trade, is it? If one kept repeating this performance throughout the entire year, they would multiply their capital 479 times. Of course, that’s not realistic, ...

    Hindenburg Research founder says he's closing short-seller research shop

    From cnbc.com|6 hr ago

    Hindenburg Research, an upstart research and investment firm that made a name for itself with several successful short bets, is closing, founder Nate Anderson announced Wednesday. “As I’ve shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research. The plan has been to wind up after we finished the ...

Date 1:19pm Impact Detail Actual Forecast Previous Graph
1:19pm Actual
Thu Jan 16
Thu Jan 16 2:00am
GE Final CPI m/m
 0.5% 0.4% 0.4%
UK Construction Output m/m
 0.4% 0.4% -0.3%
UK GDP m/m
 0.1% 0.2% -0.1%
UK Goods Trade Balance
 -19.3B -18.0B -19.3B
UK Industrial Production m/m
 -0.4% 0.1% -0.6%
UK Manufacturing Production m/m
 -0.3% -0.2% -0.6%
4:00am
UK LME Copper Inventories
 -500 -1150
5:00am
IT Trade Balance
 4.22B 4.50B 5.07B
EZ Trade Balance
 12.9B 11.8B 7.0B
7:30am
EZ ECB Monetary Policy Meeting Accounts
8:00am
RU International Reserves
 608B 610B
8:30am
US Core Retail Sales m/m
 0.4% 0.5% 0.2%
US Retail Sales m/m
 0.4% 0.6% 0.8%
US Philly Fed Manufacturing Index
 44.3 -5.2 -16.4
US Unemployment Claims
 217K 210K 203K
US Import Prices m/m
 0.1% -0.1% 0.1%
10:00am
US Business Inventories m/m
 0.1% 0.1% 0.0%
8:30pm
CH New Home Prices m/m
 -0.20%
9:00pm
CH GDP q/y
 5.0% 4.6%
CH Industrial Production y/y
 5.4% 5.4%
CH Retail Sales y/y
 3.5% 3.0%
CH Fixed Asset Investment ytd/y
 3.3% 3.3%
CH NBS Press Conference
CH Unemployment Rate
 5.0% 5.0%

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