German Construction PMI Jan: 54.4 (prev 48.2) French Construction PMI Jan: 52.0 (prev 50.9) Italian Construction PMI Jan: 68.2 (prev 64.4) Full report: here
MIT experts test technical research for a hypothetical central bank digital currency
Peter Dizikes | MIT News Office | central bank digital currency. Collaboration with Federal Reserve Bank of Boston yields progress in understanding how a digital currency might be developed in the future. In collaboration with a team at the Federal Reserve Bank of Boston, MIT experts have begun designing and testing technical research through which further examination of a Central Bank Digital …
Stocks back into bearish mode and Bitcoin Lead The Dive
Tech Rout amid Meta drop $252 billion in value biggest wipeout in history eased afterhours as Amazon Q4 earning released. All the asset classes still dropping in synch and quite possible the down trend will continue as we are entering the tightening cycle. Bitcoin as the most overvalued asset still can’t prove itself as inflation hedge and leading the plummet. …
The Market Closing of Monday 3 Feb, 2022
HEADLINES: BoE Hikes Rates As Four Officials Push For 50-Basis-Point Rise Fed’s Barkin: ‘Straightforward Call’ To Begin Raising Interest Rates U.S. Intel: Russia May Stage Video To Create Pretext For Ukraine War US Jobless Claims Fall For 2nd Straight Week; Relief From Omicron US Services Growth Cools To Almost One-Year Low On Omicron China, Russia Coordinated Positions On Ukraine, Beijing …
Q4 21 Earnings | Ford & Amazon
Ford Revenue: $35.3B (exp $34.59B) Adj EPS: $0.26 (exp $0.45) Sees 2022 Adj EBIT $11.5B- $12.5B (exp $12.17B) Amazon Revenue: $35.3B (exp $34.59B) Revenue: $137.40B (exp $137.82B) Sees Q1 Revenue $112.0B-$117.0B (exp $120.51B) Will Boost Price Of Prime Membership In US Monthly Fee Going From $12.99 To $14.99
Fed’s Barkin says rates should move to pre-pandemic levels, then assess next steps
Ultimate Level And Pace Of Rate Increases Remains Uncertain, Though Sees No Need To ‘Restrain’ Economy Now Pandemic Effects Still Making It Hard To Anticipate Improvements In Labor Markets, Supply Chains And Path Of Inflation Quest For Fed Right Now Is To Get Policy “In A Better Position” Should High Inflation Persist Would Like To See Target Rate Back Where …
United States ISM Non-Manufacturing PMI Actual: 59.9 Forecast: 59.5 Prev: 62.3
U.S ISM NON-MANUFACTURING NEW ORDERS (JAN) ACTUAL: 61.7 VS 62.1 PREVIOUS
U.S ISM NON-MANUFACTURING EMPLOYMENT (JAN) ACTUAL: 52.3 VS 54.7 PREVIOUS
US Factory Orders Dec: -0.4% (est -0.4%; prev 1.6%)
Factory Orders Ex Trans: 0.1% (est 0.4%; prev 0.8%)
U.S SERVICES PMI (JAN) ACTUAL: 51.2 VS 57.6 PREVIOUS; EST 50.9
Composite PMI: 51.1 (est 50.8; prev 50.8)