Market Talk – Wednesday, Feb. 24

Wage Price Index (YoY) (Q4) remain the same at 1.4%

New Zealand:

RBNZ Interest Rate Decision remain the same at 0.25%

Some economic news from today:

Japan:

BoJ Core CPI (YoY) remain the same at -0.3%

Hong Kong:

GDP (YoY) (Q3) increased from -3.5% to -3.0%

GDP (QoQ) (Q3) decreased from 2.8% to 0.2%

EUROPE/EMEA:

Easyjet shares soared almost 10% on Tuesday after the low-cost carrier reported a surge in summer ticket sales, hours after U.K. Prime Minister Boris Johnson set out England’s proposed route out of its third COVID-19 lockdown. Johnson said the government’s global travel task force will issue a report on Apr. 12 recommending how international travel can safely restart, which he said will “give people time to make their plans for the summer.” The lockdown ban on most international travel will stay until at least May 17.

ExxonMobil said Wednesday it has agreed to sell most of its non-operated upstream assets in the U.K. central and northern North Sea to HitecVision for more than $1 billion. The sale has an additional upside of about $300 million in contingent payments, based on the potential for higher commodity prices. The company’s development plans prioritize Guyana, the U.S. Permian Basin, Brazil and LNG, said Neil Chapman, senior vice president of ExxonMobil.

The major Europe stock markets had a green day:

  • CAC 40 increased 18.14 points or 0.31% to 5,797.98
  • FTSE 100 increased 33.03 points or 0.50% to 6,658.97
  • DAX 30 increased 111.19 points or 0.80% to 13,976.00

The major Europe currency markets had a mixed day today:

  • EURUSD decreased 0.00084 or -0.07% to 1.21450
  • GBPUSD decreased 0.00045 or -0.03% to 1.41142
  • USDCHF increased 0.00261 or 0.29% to 0.90751

Some economic news from Europe today:

Germany:

German GDP (YoY) (Q4) increased from -3.9% to -2.7%

German GDP (QoQ) (Q4) decreased from 8.5% to 0.3%

France:

French Business Survey (Feb) increased from 96 to 97

View single page >> |

Disclosure: None.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.