US citizens filing new applications for unemployment insurance rose to 213K for the week ending February 8, as reported by the US Department of Labor (DoL) on Thursday.
The Producer Price Index (PPI) for final demand in the US rose 3.5% on a yearly basis in January, the data published by the US Bureau of Labor Statistics showed on Thursday.
We lower our 2025 growth forecast to 1.0% (from 1.3%) owing to the slowdown in H2-2024.
In a recently shared social media post, US President Donald Trump pointed to an announcement of reciprocal tariffs.
US Dollar (USD) is expected to trade in a range between 7.3000 and 7.3200. In the longer run, outlook remains mixed, but USD is likely to trade in a narrower range of 7.2500/7.3300, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Eurozone’s industrial sector activity deteriorate in December, the latest data published by Eurostat showed on Thursday.
Amid heightening speculations of Russia-Ukraine peace talks, the Kremlin came out with a statement on Thursday, noting that “there is a political will on both sides to engage in dialogue and search for a settlement.
The People’s Bank of China (PBOC) released their fourth-quarter monetary policy implementation report on Thursday.
The UK economy expanded 0.1% QoQ in the three months to December 2024 after showing no growth in the third quarter.