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MNI EUROPEAN EUROPEAN MARKETS ANALYSIS: DXY Softens Overnight

  • Fed Governor Waller highlighted his openness to a 50bp hike in March if the data continues to point to an exceedingly hot U.S. economy. He also flagged a desire to conduct 100bp of tightening by mid-year.
  • Elsewhere, another round of missiles hit Kyiv, with fear re: an impending Russian seizure of the Ukrainian capital evident.
  • U.S. personal income/spending, German & French GDP data and Norwegian unemployment will take focus on the data front on Friday. Elsewhere, ECB Pres Lagarde will speak after Eurogroup meeting.

UP TODAY (Times GMT/Local)

DateGMT/LocalImpactFlagCountryEvent
25/02/20220700/0800**SE PPI
25/02/20220700/0800***DE GDP (f)
25/02/20220700/0800***DE GDP (f)
25/02/20220745/0845***FR HICP (p)
25/02/20220745/0845**FR Consumer Spending
25/02/20220745/0845***FR GDP (f)
25/02/20220745/0845**FR PPI
25/02/20220800/0900**ES PPI
25/02/20220900/1000**IT ISTAT Business Confidence
25/02/20220900/1000**IT ISTAT Consumer Confidence
25/02/20220900/1000**EU M3
25/02/20220900/1000*NO Norway Unemployment Rate
25/02/20221000/1100*EU Business Climate Indicator
25/02/20221000/1100**EU Economic Sentiment Indicator
25/02/20221000/1100*EU Consumer Confidence, Industrial Sentiment
25/02/20221115/1215EU ECB Lagarde at Eurogroup Press Conference
25/02/2022-EU ECB Lagarde & Panetta at Eurogroup meeting
25/02/2022-EU ECB Lagarde & de Guindos at ECOFIN meeting
25/02/20221330/0830**US durable goods new orders
25/02/20221330/0830**US Personal Income and Consumption
25/02/20221330/0830*CA Capital and repair expenditure survey
25/02/20221330/0830**US WASDE Weekly Import/Export
25/02/20221500/1000**US NAR pending home sales
25/02/20221500/1000***US Final Michigan Sentiment Index
25/02/20221600/1100CA Finance Dept monthly Fiscal Monitor (expected)
25/02/20221800/1800UKBOE Pill unwinding QE remarks at BEAR Conference
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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