Compiled by: GaryMa (Wu Blockchain Blockchain)
summary
Wu Blockchain analysis of macroeconomic indicators this week: Last week, the ECB kept interest rates unchanged, and the US January ADP data was lower than expected; this week, the focus will be on US non-farm payroll data and the US January CPI, etc.
Last week's review
February 11
summary
Wu Blockchain analysis of macroeconomic indicators this week: Last week, the ECB kept interest rates unchanged, and the US January ADP data was lower than expected; this week, the focus will be on US non-farm payroll data and the US January CPI, etc.
Last week's review
- US ADP employment figures for January were 22,000, below the expected 48,000 and the previous month's 41,000.
- The European Central Bank (ECB) kept its three key interest rates unchanged, in line with market expectations, marking the fifth consecutive meeting without taking any action. The deposit facility rate, the main refinancing rate, and the marginal lending rate remained unchanged at 2%, 2.15%, and 2.40%, respectively.
- The number of Americans filing for unemployment benefits for the week ending January 31 was 231,000, compared with an expected 212,000 and a previous week's 209,000.
- The Bank of Japan released a summary of comments from policymakers at its January monetary policy meeting: some members suggested raising interest rates promptly to address inflation.
- The initial estimate for the US one-year inflation rate in February was 3.5%, compared to a forecast of 4%.
- The preliminary reading of the University of Michigan Consumer Sentiment Index for February rose to 57.3 from 56.4 in January.
February 11
- US January Unemployment Rate (21:30)
- US January seasonally adjusted nonfarm payrolls (thousands) (21:30)
- US initial jobless claims for the week ending February 7 (in thousands) (21:30)
- US January Unadjusted CPI YoY (21:30)
