Notícias

India: New GDP base and solid 7.3% growth forecast – DBS

DBS Group Research economist Chua Han Teng highlights a rebased GDP series to be released on February 27, shifting calculations from 2011–12 to 2022–23 and incorporating new surveys and COICOP 2018.

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United States New Home Sales (MoM) up to 0.758M in November from previous 0.737M

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United States New Home Sales (MoM) above expectations (0.73M) in December: Actual (0.745M)

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United States Michigan Consumer Expectations Index in line with expectations (56.6) in February

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United States UoM 1-year Consumer Inflation Expectations registered at 3.4%, below expectations (3.5%) in February

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United States UoM 5-year Consumer Inflation Expectation came in at 3.3%, below expectations (3.4%) in February

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United States Michigan Consumer Sentiment Index came in at 56.6, below expectations (57.3) in February

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US S&P Manufacturing PMI declines to 51.2 in February, Services PMI retreats to 52.3

Business activity in the US private sector expanded at a slightly softer pace in February than in January, with the S&P Global's preliminary Composite Purchasing Managers' Index (PMI) edging lower to 52.3 from 53.

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Canada: USMCA review and export diversification – NBC

National Bank of Canada’s Ethan Currie notes that Canada’s apparent export diversification away from the United States in 2025 was heavily driven by Gold shipments, masking weaker underlying trade gains.

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United States S&P Global Manufacturing PMI below expectations (52.6) in February: Actual (51.2)

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United States S&P Global Composite PMI fell from previous 53 to 52.3 in February

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United States S&P Global Services PMI came in at 52.3 below forecasts (53) in February

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Euro area: PMI recovery supports moderate growth – Commerzbank

Commerzbank’s Dr. Vincent Stamer notes that the Euro area composite PMI rose to 51.9 in February, recovering about half of its recent decline and remaining in a range historically consistent with moderate growth. Sentiment improved particularly in manufacturing, while services edged higher.

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US headline PCE rose 2.9% YoY in December

According to the US Department of Commerce, headline Personal Consumption Expenditures (PCE) inflation came in at 2.9% YoY in December. Core PCE, which strips out food and energy costs, ran a touch firmer at 3.0% YoY, suggesting underlying price pressures are still proving a bit sticky.

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GBP: Strong UK data but BoE cut seen – TD Securities

TD Securities analysts note a sharp 1.8% monthly jump in UK Retail Sales and stronger-than-expected PMIs, with gains driven by broad-based demand and higher export orders.

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United States Core Personal Consumption Expenditures (QoQ) registered at 2.7% above expectations (2.6%) in 4Q

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United States Gross Domestic Product Price Index remains unchanged at 3.7% in 4Q

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United States Personal Consumption Expenditures Prices (QoQ) came in at 2.9%, above forecasts (2.8%) in 4Q

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United States Gross Domestic Product Annualized came in at 1.4%, below expectations (3%) in 4Q

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United States Personal Consumption Expenditures - Price Index (MoM) above forecasts (0.3%) in December: Actual (0.4%)

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United States Personal Consumption Expenditures - Price Index (YoY) above forecasts (2.8%) in December: Actual (2.9%)

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United States Personal Spending in line with forecasts (0.4%) in December

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United States Core Personal Consumption Expenditures - Price Index (MoM) came in at 0.4%, above forecasts (0.3%) in December

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United States Personal Income (MoM) meets expectations (0.3%) in December

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BoE: Strong PMIs challenge rate cut pricing – Nomura

Nomura analysts note that the UK composite output PMI rose to 53.9 in February, defying expectations of a decline. They see stronger activity pointing to 0.2% quarter-on-quarter GDP growth in Q1, with upside risks.

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When is the US flash S&P Global PMI data and how could it affect EUR/USD?

The preliminary United States (US) S&P Global Purchasing Managers’ Index (PMI) data for February is due for release today at 14:45 GMT.

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AUD: Upside seen limited by soft wages – Commerzbank

Commerzbank’s Volkmar Baur notes Australia’s labour market remains robust, with unemployment at 4.1% and solid job creation, supporting the Reserve Bank of Australia’s recent hike.

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Mexico Retail Sales (YoY) fell from previous 4.4% to 4.3% in December

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Mexico Retail Sales (MoM) dipped from previous 1% to -0.1% in December

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India Bank Loan Growth rose from previous 13.1% to 14.6% in February 2

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