Reply To: Traders Market Weekly: Eyes on Powell and Adani Risks


Major European Services PMI readings from Germany and Italy returned into expansionary territory while reading from France and the U.K. remained below 50.0. Producer prices in the eurozone increased unexpectedly in December, but the yr/yr rate still decreased to 24.6% from 27.0% in November. Bank of England Governor Bailey said that it is too soon to say if yesterday’s rate hike was the last. Several European Central Bank policymakers spoke about the high likelihood of another 50-bps rate hike at the March meeting.
Eurozone’s December PPI 1.1% m/m (expected -0.4%; last -1.0%); 24.6% yr/yr (expected 22.5%; last 27.0%). January Services PMI 50.8 (expected 50.7; last 49.8)
Germany’s January Services PMI 50.7 (expected 50.4; last 49.2)
U.K.’s January Services PMI 48.7 (expected 48.0; last 49.9)
France’s December Industrial Production 1.1% m/m (expected 0.2%; last 2.0%). January Services PMI 49.4 (expected 49.2; last 49.5)
Italy’s January Services PMI 51.2 (expected 51.0; last 49.9)
Spain’s January Services PMI 52.7 (expected 52.5; last 51.6)
: beats by $0.32, beats on revs; raises FY23 EPS and revenue guidance