Eurozone page 2

Key events:         Eurozone – ECB Economic Bulletin      UK – BOE Inflation Letter     USA – GDP (QoQ) (Q4) USA – Initial Jobless Claims U.S. stock indices closed yesterday's trading with growth due to strengthening sectors of technology, finance, and consumer services as concerns about the banking crisis in the U.S. weakened. Shares of the leading financial institutions rose from 0.1 percent to 0.9 percent.

Key events:        

Key events:         Eurozone – CPI (YoY) (Feb) Yesterday's ECB decision was crucial as it gave the first glimpse of what bank stress means for monetary policy. And it meant nothing special – good news for the markets. The ECB decided not to blow up the banking problems and announced a 50bp rate hike during yesterday's decision, pointing to high inflation. The opening sentence of ECB head Christine Lagarde's speech stated that the bank has been forecasting "too high inflation for too long."

Key events:        

Key events:         UK – BoE MPC Treasury Committee Hearings     Eurozone – EU Leaders Summit      USA – Initial Jobless Claims Yesterday we could see another day of record highs for the FTSE100, as European markets again outperformed US markets, which bounced back.

Key events:      

Key events:      

Key events:       Eurozone – ECB President Lagarde Speaks     After two weeks of strong gains, European markets returned some of the momenta from earlier this year with a subdued pullback last week, with some suggesting that we may have seen highs in the short term, similar to what we saw last year. In the U.S. markets, the week was more mixed, with the Dow posting its worst week since early December, while the Nasdaq 100 ended the week higher.

Key events:       UK – Retail Sales (MoM) (Dec) Eurozone – ECB President Lagarde Speaks      Canada – Core Retail Sales (MoM) (Nov) USA – Existing Home Sales (Dec) Retail sales and industrial production have fallen more than expected. With a recession looming, silver could soar if the Fed stops raising rates. The latest economic data leaves no doubt that the U.S. economy is losing momentum.

Key events:       UK – CPI (YoY) (Dec) Eurozone – CPI (YoY) (Dec) USA – Core Retail Sales (MoM) (Dec) PPI (MoM) (Dec)   Retail Sales (MoM) (Dec) The dollar is getting stronger against the euro and stable against the pound sterling in the course of trading on Wednesday. The Japanese yen is getting cheaper amid the results of the Bank of Japan meeting.