Reply To: Traders Market Weekly: Big Tech Earnings and Global PMI

#51788
Truman
Participant

Germany’s December PPI -0.4% m/m (expected -1.2%; last -3.9%); 21.6% yr/yr (expected 20.8%; last 28.2%)
U.K.’s December Retail Sales -1.0% m/m (expected 0.5%; last -0.5%); -5.8% yr/yr (expected -4.1%; last -5.7%). December Core Retail Sales -1.1% m/m (expected 0.4%; last -0.3%); -6.1% yr/yr (expected -4.4%; last -5.6%)
December retail sales in the U.K. fell at their fastest pace for the month since the start of the series in 1989.
British Chancellor of the Exchequer Hunt cautioned against expecting a tax cut in the March budget.
European Commissioner for trade Dombrovskis said that growth in the region has been above expectations and that a recession will probably be avoided.
French Finance Minister Le Maire said that his government will continue pursuing planned pension reforms.