Portuguese Unemployment Rate (Jan) 5.6% (Prev. 5.6%)
The Portuguese unemployment rate held steady at 5.6% in January, unchanged from the previous month.
UK to send a warship to Cyprus, The Times reports; very likely that HMS Duncan will be sent, will take around a week to arrive
EU Commission Spokesperson says the EU are to propose Industrial Accelerator Act on Wednesday
Portuguese Unemployment Rate (Jan) 5.6% (Prev. 5.6%)
Saudi Aramco will reportedly review alternative routes for exports, including via pipeline to Red Sea, to avoid Strait of Hormuz
Commerzbank says if the Strait of Hormuz is completely blocked, this would cause supply to fall by 20%, leading to a likely rise of over USD 100/bbl for oil prices
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This stability may suggest that the labor market is resilient in the face of broader economic conditions, but without a downward trend, it doesn’t signal significant improvement. Traders should consider this constancy as potentially neutral for policy expectations in the Eurozone, especially regarding growth and inflation dynamics.
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