Market Talk – Friday, April 16

  • EURUSD increased 0.00116 or 0.10% to 1.19809
  • GBPUSD increased 0.00351 or 0.25% to 1.38197
  • USDCHF decreased 0.0027 or -0.29% to 0.91928

Some economic news from Europe today:

UK:

Car Registration (YoY) (Mar) increased from -35.5% to 11.5%

Car Registration (MoM) (Mar) increased from -43.1% to 453.4%

Italy:

Italian Car Registration (YoY) (Mar) increased from -12.3% to 497.2%

Italian Car Registration (MoM) (Mar) increased from 6.7% to 18.7%

Italian Trade Balance (Feb) increased from 1.584B to 4.754B

Italian Trade Balance EU (Feb) increased from -0.19B to 0.61B

Germany:

German Car Registration (MoM) (Mar) increased from 14.5% to 50.4%

German Car Registration (YoY) (Mar) increased from -19.0% to 35.9%

France:

French Car Registration (YoY) (Mar) increased from -20.9% to 191.7%

French Car Registration (MoM) (Mar) increased from 5.0% to 37.8%

Swiss:

PPI (YoY) (Mar) increased from -1.1% to -0.2%

PPI (MoM) (Mar) increased from 0.3% to 0.6%

Euro Zone:

Core CPI (YoY) (Mar) decreased from 1.1% to 0.9%

Core CPI (MoM) (Mar) increased from 0.1% to 1.0%

CPI (MoM) (Mar) increased from 0.2% to 0.9%

CPI (YoY) (Mar) increased from 0.9% to 1.3%

CPI ex Tobacco (MoM) (Mar) increased from 0.2% to 0.9%

CPI ex Tobacco (YoY) (Mar) increased from 0.8% to 1.3%

CPI, n.s.a decreased from 106.54 to 106.53

HICP ex Energy & Food (YoY) (Mar) decreased from 1.2% to 1.0%

HICP ex Energy and Food (MoM) (Mar) increased from 0.1% to 0.8%

Trade Balance (Feb) increased from 11.0B to 17.7B

US/AMERICAS:

Wall Street closed in the green after the Dow recorded its fourth consecutive week of gains. On the Dow, Cisco experienced the highest percentage change (2.25%), followed by Home Depot (1.65%), Johnson & Johnson (1.15%), and Goldman Sachs (1.11%). This markets the second day that the Dow closed above the 34,000 level after adding an additional 164.68 points to close at 0.48%.

Washing imposed an array of sanctions on Russia, which include cubrs to its soverign debt market, in response to alleged cyberhacking, Ukrainian border intimidation, and interfering in the US presidential election. A number of Russian-based companies were blacklisted and diplomats have been expelled from the US. US banks are prohibited from purchasing soverign bonds from Russia’s central bank. In response, Moscow has expelled 10 US diplomats and a government spokesman said there will be “an array of painful decisions for the American side,” if restrictions continue.

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