Eurozone and German inflation eased in January, with German harmonized CPI rising 3.1% year-on-year (YoY), lower than the estimated 3.2%. ECB's De Guindos expressed concerns about weaker Eurozone growth and lower-than-expected inflation. German inflation fell sharply to 2.9% in January, from 3.7% in December, the lowest level since June 2021. The European Central Bank is expected to begin cutting interest rates as inflation slows. In the U.S., the Chicago PMI for January was 46.0, below the forecast of 48.0, indicating a contraction in manufacturing activity. Russia reduced gasoline and diesel exports by 37% and 23%, respectively, due to unplanned refinery outages. South Korea's January consumer inflation eased to 2.8% year-on-year, softer than expected, indicating a cooling of price pressure under the central bank's tight monetary policy.
⚡️Ukraine's drone attacks reduced gasoline export from Russia. According to Reuters, gasoline and diesel exports fell in January by 37% and 23%, reducing exports by almost a third, comparing to the same month in 2023. It was done to compensate for unplanned repairs at…
💡 South Korea: CPI inflation eases to 2.8% y/y in January as core inflation cools down - @EmergingMWatch on https://t.co/orvmA6Wqwk Full Story → https://t.co/56feckYLIQ
South Korea’s inflation slowed more than expected, offering further signs that price pressure is cooling under the central bank’s tight monetary policy https://t.co/iimG10JTKK via @economics
South Korea’s inflation slowed more than expected, offering further signs that price pressure is cooling under the central bank’s tight monetary policy https://t.co/kmmVdnmrgW
⚠️ SOUTH KOREA JAN CONSUMER INFLATION +2.8% Y/Y, SOFTER THAN EXPECTED Full Story → https://t.co/4zUo0lZrWz https://t.co/9xpCQqXa4T
Chicago's Business Barometer ticked down from 47.2 to 46 in January (vs. 48 est). https://t.co/s4WoIzT6D8
Russia has reduced gasoline exports to non-CIS countries to compensate for unplanned repairs at refineries, as Russia grapples with the impact of fires and drone attacks on its energy infrastructure. https://t.co/bm2tDnJAWR
🛢️👀 "Russia cuts gasoline, diesel exports to offset refinery outages", — Reuters 🔥 Successful SBU drone attacks on major oil refineries reduced Russian exports of oil products by almost a third. In January, gasoline exports fell by 37%, diesel exports by 23%. https://t.co/BTrxo5yjvH
🇺🇸 #Manufacturing sentiment rebounds in January showing still-soft, but improving activity 🟡ISM Manufacturing +2.0pt to 49.1 ✅New Orders 52.5 (+5.5pt) 🟡Production 50.4 (+0.5pt) 🔴Employment 47.1 (-0.4pt) 🔴Backlogs 44.7 (-0.6pt) 🟡Inflation 52.9 (+7.7pt) https://t.co/sMdNHzXvZS
HUGE news in the January ISM report: 🔥ISM manufacturing improved the most since March 2021 (even tho activity is still slowing) 🔥New orders are expanding for the first time since August 2022, and the new orders gauge climbed the most since October 2020 https://t.co/4Tg4j6hHbm
January ISM Manufacturing PMI at 49.1 vs. 47.2 est. & 47.1 prior (rev down from 47.4); new orders jumped to 52.9 vs. 45.2 prior; prices paid jumped to 52.5 vs. 47 prior … employment stayed in contraction at 47.1 vs. 47.5 prior https://t.co/Xt1sXRKkFY
⚠️ CANADIAN FACTORY PMI REBOUNDS AS CONFIDENCE HITS 6-MONTH HIGH (Reuters) Canadian manufacturing activity declined for a ninth straight month in January but there was a slowdown in the pace of contraction as inflation pressures eased and firms grew more confident about the…
Canada Manufacturing PMI ...still in contraction but with a slight improvement 48.3(Jan) v 45.4 (Dec) - the weakest rate of sector contraction since last October https://t.co/QE6NIiJu5u
⚠️ US MANUFACTURING SECTOR ON CUSP OF RECOVERY IN JANUARY - ISM (Reuters) U.S. manufacturing stabilized in January amid a rebound in new orders, but inflation at the factory gate picked up. The Institute for Supply Management (ISM) said on Thursday that its manufacturing PMI… https://t.co/7yXzC4s3G6
BREAKING: ISM manufacturing PMI comes in at 49.1, above consensus of 47.2 But still in contraction territory https://t.co/aG9rdh9AAw
U.S MANUFACTURING PMI (JAN) ACTUAL: 50.7 VS 50.3 PREVIOUS; EST 50.3
ISM Manuf PMI 49.1 vs 47.0 est, 47.1 prior ISM Manuf New Orders 52.5 vs 47 prev ISM Manuf Prices 52.9 vs 46.9 est, 45.2 prev Well well well well well… https://t.co/DwWUJqrlDQ
ISM Jan Manufacturing: 49.1 vs 47.2 fcst (47.1 last mo) ISM Jan New Orders: 52.9 vs 46.9 fcst (47 last mo) Manufacturing starting to feel frisky again?
ISM prices paid higher than expected: US ISM Manufacturing Jan: 49.1 (est 47.2; prev 47.1) - ISM Prices Paid Jan: 52.9 (est 46.9; prev 45.2) - ISM New Orders Jan: 52.5 (est 48.2; prev 47.0) - ISM Employment Jan: 47.1 (est 47.0; prev 48.5)
⚠️BREAKING: *U.S. JANUARY ISM MANUFACTURING PMI RISES TO 49.1; EST. 47.2; PREV. 47.1 *HIGHEST SINCE OCTOBER 2022 🇺🇸🇺🇸 https://t.co/5DYRNSLyHv
US ISM Manufacturing Jan: 49.1 (est 47.2; prevR 47.1) - ISM Prices Paid Jan: 52.9 (est 46.9; prev 45.2) - ISM New Orders Jan: 52.5 (est 48.2; prevR 47.0) - ISM Employment Jan: 47.1 (est 47.0; prevR 48.5)
🔴 ⚠️ BREAKING: US ISM MANUFACTURING PMI ACTUAL 49.1 (FORECAST 47.2, PREVIOUS 47.4) $MACRO
🔴 US ISM MFG. PRICES PAID ACTUAL 52.9 (FORECAST 46.9, PREVIOUS 45.2) $MACRO
ISM Manufacturing 49.1, Exp. 47.2
🔴 US S&P MANUFACTURING PMI FINAL JANUARY REPORT https://t.co/zI363KN7Mq
🔴 US S&P MANUFACTURING PMI FINAL ACTUAL 50.7 (FORECAST 50.3, PREVIOUS 50.3) $MACRO
❖ U.S MANUFACTURING PMI (JAN) ACTUAL: 50.7 VS 50.3 PREVIOUS; EST 50.3
🔴 CANADIAN MANUFACTURING PMI JANUARY REPORT https://t.co/7Y65Ag21ju
🔴 CANADIAN MANUFACTURING PMI ACTUAL 48.3 (FORECAST 46.5, PREVIOUS 45.4) $MACRO
Canadian S&P Global Manufacturing PMI Jan: 48.3 (est 46.5; prev 45.4)
"Euro zone inflation eases as expected, but core figures disappoint" https://t.co/9oPLWcQF8S Maybe "the last mile" won't be so easy after all.
Euro zone inflation dips but core figures may disappoint https://t.co/5X549NgOgQ https://t.co/SdNIFbSOfc
Today's #Eurozone inflation data is unlikely to change the @ECB's policy stance where guidance is less dovish than what #markets have priced in. Headline #inflation edged down from 2.9% in December to 2.8% in January, very slightly above the consensus projection of 2.7%. Core…
Euro zone inflation eases as expected, but core figures disappoint https://t.co/XmluTx3CSr
Euro-area inflation slows less than expected, clouding ECB cuts https://t.co/5Snw8KuXiq https://t.co/uHYvqDnuow
Euro-zone inflation eases less than anticipated at the start of the year — testing investor expectations that the European Central Bank will begin lowering interest rates as soon as the spring https://t.co/LmNxbHqtGk
⚠️ EURO ZONE INFLATION DIPS BUT CORE FIGURES MAY DISAPPOINT (Reuters) Euro zone inflation eased as expected last month but underlying price pressures fell less than forecast, likely boosting the European Central Bank's argument that rate cuts should not be rushed, even if the… https://t.co/YuIg2cy4rg
🔴 EUROZONE UNEMPLOYMENT RATE JANUARY 2024 REPORT https://t.co/bTCVS6Rrnv
#BREAKING Eurozone inflation slows slightly to 2.8% in January: data https://t.co/nBsZTGaD1D
#BBREAKING Eurozone inflation slows slightly to 2.8% in January: data https://t.co/IbEBCotto4
🔴 UK MFG JANUARY 2024 REPORT https://t.co/hlFXLxrtOJ
🔴 ⚠️ BREAKING: UK MFG PMI FINAL ACTUAL 47 (FORECAST 47.3, PREVIOUS 47.3) $MACRO
UK S&P Global UK Manufacturing PMI Jan F: 47.0 (est 47.3; prev 47.3)
⚠️ EURO ZONE FACTORY DOWNTURN EASED FOR THIRD MONTH IN JANUARY (Reuters) The downturn in euro zone factory activity eased for a third month in January but could stretch through this quarter, according to a survey on Thursday that showed a majority of sub-indices remained… https://t.co/PkHExoCAdF
⚠️ GERMAN MANUFACTURING DOWNTURN EASES IN JANUARY - PMI (Reuters) The downturn in Germany's manufacturing sector, which accounts for about a fifth of the country's economy, eased in January, a survey showed on Thursday. The HCOB final Purchasing Managers' Index (PMI) for… https://t.co/wQE49Yfrg7
🇪🇺 Europe HCOB Eurozone Manufacturing PMI (Jan) $EUR Actual: 46.6 Expected: 46.6 Previous: 44.4
🔴 EUROZONE MFG PMI JANUARY 2024 FULL REPORT https://t.co/X1Qsc2Kht0
🔴 EUROZONE MFG PMI FINAL ACTUAL 46.6 (FORECAST 46.6, PREVIOUS 46.6) $MACRO
🔴 GERMAN MFG PMI JANUARY 2024 FULL REPORT https://t.co/pVLLuf2dj3
🔴 GERMAN MFG PMI FINAL ACTUAL 45.5 (FORECAST 45.4, PREVIOUS 45.4) $MACRO
🔴 FRENCH MFG PMI JANUARY 2024 FULL REPORT https://t.co/RpzrWpQcCk
🔴 FRENCH MFG PMI FLASH ACTUAL 43.1 (FORECAST 43.2, PREVIOUS 45.3) $MACRO
🔴 ITALIAN MFG PMI JANUARY 2024 FULL REPORT https://t.co/lmAYQr0JQQ
🔴 ITALIAN MANUFACTURING PMI ACTUAL 48.5 (FORECAST 47, PREVIOUS 45.3) $MACRO
Italian HCOB Manufacturing PMI Jan: 48.5 (est 47.0; prev 45.3)
🔴 SWISS MANUFACTURING PMI ACTUAL 43.1 (FORECAST 44.5, PREVIOUS 43.0) $MACRO
🔴 SPANISH MFG PMI JANUARY 2024 FULL REPORT https://t.co/9wqZksnNKh
Spanish HCOB Manufacturing PMI Jan: 49.2 (est 48.0; prev 46.2)
🔴 SPANISH MFG PMI ACTUAL 49.2 (FORECAST 48, PREVIOUS 46.2) $MACRO
🔴 RUSSIA'S S&P GLOBAL MANUFACTURING PMI FOR JANUARY STANDS AT 52.4, DOWN FROM DECEMBER'S 54.6.
🔴 INDIAN MFG PMI ACTUAL 56.5 (FORECAST -, PREVIOUS 54.9) $MACRO
Caixin survey shows China's factory activity expanded for a third month in January, extending divergence with official data https://t.co/9gDz5duPC3
A private gauge of China’s factory activity expanded for a third month in January, contrasting with weakness in official data that has spurred additional calls for government support https://t.co/L6H5iCNcMv
Activity in China’s manufacturing sector continued to grow in January with a further recovery in demand, a Caixin-sponsored #PMI survey showed Thursday. This marks the first time since May 2021 that the industry has expanded for three months straight. https://t.co/hlAkuhDJXV
🔴 IRELAND S&P GLOBAL JANUARY MANUFACTURING PMI AT 49.5: UP FROM DECEMBER'S 48.9
South Korean S&P Global Manufacturing #PMI Jan: 51.2 (prev 49.9) https://t.co/1AY6qfa7hs https://t.co/89x7n4jpzO
🇰🇷 South Korea S&P Global South Korea Manufacturing PMI (Jan) $KRW Actual: 51.2 Previous: 49.9
🇰🇷 South Korea Exports (YoY) (Jan) $KRW Actual: 18.0% Previous: 5.0%
🇰🇷 South Korea Trade Balance (Jan) $KRW Actual: 0.30B Previous: 4.46B
🇰🇷 South Korea Imports (YoY) (Jan) $KRW Actual: -7.8% 🔴 Expected: -7.6% Previous: -10.8%
🇦🇺 Australia Judo Bank Australia Manufacturing PMI $AUD Actual: 50.1 🔴 Expected: 50.3 Previous: 47.6
🇦🇺 Judo Bank Manufacturing PMI Final (Jan) Actual: 50.1 Previous: 47.6 https://t.co/5pz2JbqylP
🔴 AUSTRALIAN MFG PMI FINAL ACTUAL 50.1 (FORECAST -, PREVIOUS 50.3) $MACRO
#Russia cuts gasoline, diesel exports to offset refinery outages #oott https://t.co/aZ5u3QR5tT
#Russia: exports of motor gasoline and diesel fuel compared to January 2023 were reduced by 37% and 23%, respectively. - Ministry of Energy #oott https://t.co/CAwtqczIMt
🔴 RUSSIA DIESEL EXPORTS DOWN 23% Y/Y IN JANUARY - MINISTRY.
January Chicago PMI fell to 46 vs. 48 est. & 47.2 prior (rev up from 46.9) … new orders and employment fell at slower pace (still in contraction); production fell into contraction; prices paid rose at slower pace (still in expansion) https://t.co/S7VGIHYGdX
Inflation down in German states, pointing to national decline https://t.co/Dhk5n4g6Z2 https://t.co/1t0Bvf3IJr
U.S CHICAGO #PMI (JAN) ACTUAL: 46.0 VS 46.9 PREVIOUS; EST 48.0
🔴 US CHICAGO PMI ACTUAL 46 (FORECAST 48, PREVIOUS 46.9) $MACRO
❖ U.S CHICAGO PMI (JAN) ACTUAL: 46.0 VS 46.9 PREVIOUS; EST 48.0
🇺🇸 United States Chicago PMI (Jan) $USD Actual: 46.0 🔴 Expected: 48.0 Previous: 47.2
⚠️BREAKING: *GERMANY JANUARY CPI INFLATION RISES 2.9% Y/Y; EST. 3.0%; PREV. 3.7% *LOWEST SINCE JUNE 2021 🇩🇪🇩🇪 https://t.co/XPxm1fEtmp
ECB’s Guindos sees inflation coming in lower than predicted https://t.co/rHvwXCHmgq via @weberalexander @jrandow https://t.co/nNg2gjHzLv
ECB Vice President Luis de Guindos suggests the slowdown in consumer-price growth in the region may be a little quicker than projected https://t.co/uUHXAViHyD
⚠️ GERMAN INFLATION EASES TO 3.1% IN JANUARY (Reuters) German inflation eased slightly more than expected in January to 3.1%, preliminary data from the federal statistics office showed on Wednesday, amid a drop in energy prices. German consumer prices, harmonised to compare… https://t.co/UfciHqu9gN
#BREAKING German inflation fell sharply to 2.9% in January, from 3.7% December: official data https://t.co/A5N0vpZRzs
German inflation eases more than expected, feeding ECB cut hopes https://t.co/XOBXC5d70h via @jrandow https://t.co/SY5bmNbBUr
German inflation slows by more than expected — part of a broader retreat across the continent that will allow the European Central Bank to begin cutting interest rates https://t.co/84sBEETaDH
German #inflation slows to 2.9% in January from 3.7% in December, lowest level since June 2021. Core CPI slows to 3.4% in Jan from 3.5% in Dec, lowest level June 2022. Energy in deflation, Energy prices dropped -2.8% YoY, while Food CPI slowed to 3.8% from 4.5% in Dec. https://t.co/GqOxXPgQOm
*GERMANY PRELIM JAN. HARMONIZED CPI RISES 3.1% Y/Y; EST. +3.2% *GERMANY PRELIM JAN. CONSUMER PRICES RISE 2.9% Y/Y; EST. +3.0%
Inflation down in German states, pointing to national decline - Reuters https://t.co/X2YmHHDcci
🔴 ECB'S DE GUINDOS: INFLATION WILL BE SLIGHTLY LOWER THAN THE ECB EXPECTED.
ECB’s De Guindos: Don’t See Risk Of ECB Cutting Rates Too Late - Economic Prospects Have Worsened Since December
🔴 ECB'S DE GUINDOS: EURO ZONE GROWTH COULD BE WEAKER THIS YEAR THAN ECB PREDICTED.
🔴 GERMAN UNEMPLOYMENT DECEMBER 2023 FULL REPORT https://t.co/SUvnig2aGh