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Should We Expect More Surprises From Economic Data? | Daily Market Analysis
Key events: Eurozone – CPI (YoY) (Feb) Eurozone – ECB Publishes Account of Monetary Policy Meeting USA – Initial Jobless Claims The economic data that came out in recent days gave us some nice surprises and investors are now trying to figure out what that means in terms of Fed policy. Quotes are pricing in an eventual rate hike above 5% in the U.S. and around 4% in Europe, with traders in the debt markets no longer expecting a rate cut in 2023.
Is There Any Logic Behind Optimism in the US Stock Market? | Daily Market Analysis
Key events: New Zealand – RBNZ Interest Rate Decision New Zealand – RBNZ Rate Statement New Zealand – RBNZ Press Conference USA – FOMC Meeting Minutes First of all, there are enough reasons for optimism in the market, and each of them is quite convincing. China is lifting the quarantine measures imposed because of the coronavirus. This leads to improvements in supply chains and reduces pro-inflation risks.