German Current Account (Dec) 16.1B (Prev. 14.2B, Rev. From 15.1B)
The German current account surplus increased to €16.1 billion in December, up from a revised €15.1 billion, indicating a positive shift in the country's external balance.
Russia's Volgograd refinery has reportedly halted oil processing on Wednesday following an overnight drone attack, according to sources
Citi (C) expects the Fed to deliver first rate cut of the year in April (prev. March), following jobs data
German Current Account (Dec) 16.1B (Prev. 14.2B, Rev. From 15.1B)
US Initial Jobless Claims (Feb/07) 227K vs. Exp. 222K (Prev. 232K, Rev. From 231K, Low. 210K, High. 235K)
US Jobless Claims 4-week Average (Feb/07) 219.50K (Prev. 212.50K, Rev. From 212.25K)
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This larger surplus could imply stronger trade dynamics, potentially affecting expectations around the Euro and broader economic growth in the Eurozone, which may have implications for ECB policy considerations.
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