Market Pulse - Currencies
ECB to accelerate asset purchases under PEPP in Q2
The European Central Bank sprang a small surprise on, announcing that it would accelerate asset purchases over the following quarter.
Auction of 10-year inflation-linked Gilts draws highest demand since 1998
An auction of 10-year inflation-linked Gilts drew a record amount of bids.
'Super cautious' OPEC stance on output increases could backfire, Citi says
The "super cautious" approach adopted by Saudi when it comes to adding to global crude oil supplies might backfire on the Organisation of Petroleum Exporting Countries and its allies, Citi argued.
US pre-open: Futures point to lower start ahead of February non-farm payrolls
Stocks on Wall Street are being called to start lower amid investor jitters over the recent rise in Treasury yields, even as they wait on the latest monthly non-farm payrolls report.
Labour demand stabilises in February, REC says
Labour demand stabilised in February, although starting salaries fell modestly, even in the face of the national lockdown, the results of a survey revealed.
Fed's Powell says he would be concerned if financial conditions tighten
Longer-term US government debt yields extended their recent rebound even after Federal Reserve chief, Jerome Powell, said he was monitoring their rise.
Sector movers: Oil and Gas leads gains as OPEC+ springs surprise on traders
Oil and Gas shares jumped to the top of the leader board after many of the world's major crude producers surprised traders with a decision to hold their combined output unchanged following talks on Thursday.
US open: Stocks stabilise ahead of Powell
Wall Street's main market indices were all holding slightly higher in early trading, stabilising after selling from the day before carried over into the opening bell.
Weekly US jobless claims print ahead of forecasts
The number of Americans filing for initial unemployment claims edged higher unexpectedly last week, although some economists had expected worse.
US Q4 labor productivity falls a bit less than expected
US labor productivity fell by less than expected at the end of 2020, helping to douse labour cost growth.
US services sector growth slows in February, price pressures jump
Activity in the US services sector slowed last month amid a big decline in the rate of new orders, the results of a closely-followed survey showed.
US private sector payrolls grow less quickly than expected in February, ADP says
Private sector employment in the States grew a tad less quickly than anticipated last month, the results of a closely-followed survey revealed.
Ex-BoE Governor Mervyn King warns of 'excessive complacency' on inflation
Central bankers need to be ready for inflation to move in either direction, former Bank of England Governor, Mervyn King, said.