Previous Trading Days Events 01.03.2024

Eurozones inflation saw a drop last month but underlying price growth remained stubbornly high. This might hold elevated rates for longer.

Inflation across the 20nation Eurozone fell to 2.6 in February from 2.8 a month earlier, just shy of expectations for 2.5, data from Eurostat. However, crucial core figures only declined to 3.1 from 3.3, missing expectations for 2.9 and holding uncomfortably above the ECBs 2 target.

The ECB has kept its deposit rate at a record high of 4 since September.

Markets now see around 90 basis points of rate cuts this year with the first move coming in June, a date that has been mentioned by a host of policymakers, too, as a reasonable start for rate cuts.

Source

httpswww.reuters.commarketseuropedipeurozoneinflationbolsterscaseecbeasing20240229

Winners vs Losers

EURJPY is on the top with 0.30 weekly gains followed by USDJPY, AUDJPY. Obviously, the JPY is weakening notably. Gold and Silver moved upwards significantly reaching 2.02 gains early this month and is currently leading.

News Reports Monitor Previous Trading Day 29 Feb 2024

Server Time Timezone EEST UTC 0200

Midnight Night Session Asian

No important announcements, no special scheduled releases.

Morning Day Session European and N. American Session

Manufacturing PMI releases

Eurozone PMIs

The Spanish PMI was reported to be 51.5, a turn to expansion, with rising new orders and output. Employment growth is also…