NY Fed Q4 GDP Nowcast: 2.7% (prev. 2.7%)
The NY Fed's Q4 GDP Nowcast holds steady at 2.7%, indicating no change from previous estimates.
Packaging Corp of America (PKG) says another round of price increases hits the market; Green Markets has learned from containerboard buyers that PKG has issued price-increase letters announcing a USD 70/T hike, effective March 1st
Pirelli (PIRC IM) investor Camfin says it was not possible to find solutions with Sinochem to adapt Cos. governance to US regulatory requirements
NY Fed Q4 GDP Nowcast: 2.7% (prev. 2.7%)
[MARKET UPDATE] Broad USD weakness continues, DXY hits new lows, GBP & AUD outperform; USD/JPY set to revisit earlier lows; newsflow remains light
European Closes: Euro Stoxx 50 -0.05% at 5,953, Dax 40 +0.01% at 24,859, FTSE 100 -0.07% at 10,143, CAC 40 -0.07% at 8,143, FTSE MIB -0.58% at 44,832, IBEX 35 -0.67% at 17,544, PSI -0.54% at 8,558, SMI -0.72% at 13,149, AEX -0.01% at 1,000
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This stability suggests the economy may be maintaining its growth trajectory, which could have implications for monetary policy and market expectations regarding interest rates. Traders will want to watch for any signals in future data that could challenge this outlook, especially given the central bank's focus on growth and inflation dynamics.
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