Expectations are on the rise for a Bank of England rate cut before the end of the year after cooler than expected PPI figures for December.
Swiss National Bank Vice Chair Schlegel said underlying inflation pressures are persisting and that additional rate hikes should not be ruled out at this time.
EasyJet reported strong bookings for January, resulting in an improved outlook for the year.
ASML beat Q4 expectations and guided for a 25% yr/yr rise in 2023 revenue.
Germany’s January ifo Business Climate Index 90.2, as expected (last 88.6). January Current Assessment 94.1 (expected 95.0; last 94.4) and Business Expectations 86.4 (expected 85.0; last 83.2)
U.K.’s December Input PPI -1.1% m/m (expected -0.6%; last 0.6%); 16.5% yr/yr (expected 18.0%; last 19.2%). December Output PPI -0.8% m/m (expected 0.3%; last 1.0%); 14.7% yr/yr (expected 16.4%; last 17.5%)
France’s December jobseeker total 2.817 mln (last 2.810 mln)
Spain’s December PPI 14.7% yr/yr (last 20.7%)
Swiss January ZEW Expectations -40.0 (last -42.8)