Global equities ended firmer last week, as global Covid-19 vaccine rollout gained momentum reviving hopes for a global economic recovery.
UK Markets ended the week in positive territory, amid optimism surrounding the rapid pace of Britain’s Covid-19 vaccine rollout.
The BRC retail sales across all sectors rose more than market anticipations in January.
The Rightmove house price index advanced in February.
Gross domestic product (GDP) grew more than expected in 4Q20.
Total trade deficit narrowed in December.
The RICS house price balance fell in January.
UK’s NIESR GDP estimate eased in January.
Manufacturing production advanced less than market consensus in December.
Industrial production climbed less than market forecast in December.
European Markets ended the week on a mostly positive footing, on stimulus hopes and optimism over vaccine rollout.
Eurozone’s Sentix investor confidence index unexpectedly fell in February.
Germany's consumer price inflation turned positive for the first time in seven months in January.
In Germany, the wholesale price index climbed in January.
Germany’s industrial production remained flat in December.
In Germany, current account surplus widened less than expected in December.
Germany’s trade surplus widened less than market forecast in December.
European Central Bank (ECB), President Christine Lagarde, in her speech, pledged monetary support for the economy amid extended coronavirus lockdowns and urged governments to do the same. Further, she indicated that the renewed surge in Covid-19 cases, the mutations in the virus and the strict containment measures posed significant downside risks to the region’s economic activity.
US Markets ended the week in green, on hopes for additional stimulus package from the US government to support the economy.
The JOLTS job openings unexpectedly advanced to a five-month high in December.
US consumer inflation climbed at its fastest pace in five months in January.
In the US, monthly budget deficit widened more than market forecast in January.
The NFIB small business optimism index fell to an eight-month low in January.
The MBA mortgage applications dropped on a weekly basis in the week ended 05 February 2021.
US initial jobless claims dropped less than market expectations in the week ended 05 February 2021.
The Michigan consumer sentiment index unexpectedly fell to a six-month low in February.
Asian Markets ended firmer last week, tracking gains in their US counterparts.
Australia’s NAB business confidence index climbed more than market forecast in January.
In Australia, the Westpac consumer confidence index advanced in February.
Australia’s consumer inflation expectations improved in February.
In Australia, the NAB business conditions index weakened more than market anticipations in January.
China’s consumer price index (CPI) dropped in January.
In China, the producer price index (PPI) rose less than expected in January.
Japan’s GDP grew for a second consecutive quarter in 4Q20.
In Japan, the PPI declined in January.