Market News

ING’s Francesco Pesole sees limited further downside in EUR/GBP after the cross fell to 0.870 on Sterling’s (GBP) sensitivity to the equity rally.

Inflation in the United States, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, held steady at 2.8% in February, the US Bureau of Economic Analysis (BEA) reported on Thursday. This print came in line with the market expectation.

According to a report from the US Department of Labor (DOL) released on Thursday, the number of US citizens filing new applications for unemployment insurance increased to 219K for the week ending April 4.

United States Core Personal Consumption Expenditures (QoQ) meets expectations (2.7%) in 4Q

United States Personal Consumption Expenditures Prices (QoQ) meets forecasts (2.9%) in 4Q

United States Personal Spending in line with expectations (0.5%) in February

United States Gross Domestic Product Price Index below forecasts (3.8%) in 4Q: Actual (3.7%)

United States Continuing Jobless Claims came in at 1.794M below forecasts (1.84M) in March 27

United States Gross Domestic Product Annualized below expectations (0.7%) in 4Q: Actual (0.5%)

United States Core Personal Consumption Expenditures - Price Index (MoM) meets forecasts (0.4%) in February

United States Personal Income (MoM) came in at -0.1% below forecasts (0.3%) in February

United States Personal Consumption Expenditures - Price Index (MoM) meets forecasts (0.4%) in February