01:30 PM GMT, United States - Inflation Data for February:
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CPI: actual 2.8% YoY; forecast 2.9% YoY; previous 3.0% YoY;
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CPI: actual 0.2% MoM; forecast 0.3% MoM; previous 0.5% MoM;
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Core CPI: actual 0.2% MoM; forecast 0.3% MoM; previous 0.4% MoM;
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Core CPI: actual 3.1% YoY; forecast 3.2% YoY; previous 3.3% YoY;
Shelter remains the key contributor to Core CPI, highlighting persistent inflationary pressures in housing costs. However, there are signs of cooling down.
EURUSD moves higher following a lower-than-expected CPI print, boosting market sentiment. The US100 is up 1.2%, while the US500 gains 0.88%. Cryptocurrencies are also rebounding after the news.
Daily summary: Peace agreement draft lifts the market
BREAKING: Mixed PMI from US
SpaceX IPO set for next month, as Nvidia shares, peace deal hopes and weak PMI data dominate sentiment
Significant Weakness Following PMI Releases from France and Germany. ECB Hike Under Threat?
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