January Income, Spending, PCE In Line With Forecasts, USD Steady 2021-02-26 13:30:00 Izaac Brook,
January Income, Spending, PCE and USD Talking Points:
YoY PCE and Core PCE both printed at 1.5%, slightly above the 1.4% forecast.
Personal Income printed at 10% vs. 9.5% forecast and Spending at 2.4% vs. 2.5% forecast.
US Dollar continues to hold around weekly high following a volatile week of trade. Advertisement
January Income, Spending, PCE Print In Line With Forecasts, Dollar Steady
Economic data for the month of January printed broadly in-line or near its forecasts. YoY PCE numbers printed at 1.5%, remaining short of the Fed’s 2% target and putting the predictions of sharply higher inflation that have emanated throughout markets in recent weeks on hold. MoM PCE was slightly weaker than expected, printing at 0.3% vs. the 0.4% forecast.
Nasdaq 100, Gold, Financial Fund Flows During Yields-Driven Volatility 2021-02-26 17:30:00 Izaac Brook,
Nasdaq 100, Gold, Financial ETF Flows Talking Points:
Nasdaq ETF QQQ sees its largest outflow in a month as investors shied away from tech stocks.
Gold ETF GLD continues to post large outflows as real yields rise.
Financials ETF XLF sees strong inflows in 2021 as rise in yields benefits financial sector. Advertisement
Nasdaq 100, Gold, Financial Fund Flows During Yields-Driven Volatility
US Treasury yields continued to rise throughout the week, coalescing in Thursday’s highly volatile session. After beginning the day at around 1.4%, the US 10y Treasury spiked as high as 1.6%, crossing the 1.5% estimated dividend yield of the S&P 500 and spooking investors. The S&P 500 fell by 2.5%, the Dow Jones by 1.8%, and the Nasdaq by 3.5%, its sharpest single day decline since October. As investors shied away from tech stoc
The Consumer Confidence Index edged higher for the month of February, hitting its highest level since November. As the economic recovery continues and the reflation trade takes hold, rising yields .
Solid February PMIs Mark Highest Services Activity Since 2015, US Dollar Firms menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Solid February PMIs Mark Highest Services Activity Since 2015, US Dollar Firms menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.