UoM Index reading above expectations

16:14 25 February 2022

The final reading of the UoM index for February fell to 62.8 pts from 67.2 pts in January, however it improved compared to the preliminary reading of 61.7 points. Long-term inflation expectations drop to 3% from 3.1%.

Apart from that, home sales in the secondary market fell in January to -5.7% MoM, compared to expectations of 0.2% MoM increase.

Recovery continues on Wall Street, though the S&P 500 finds resistance around 4,300 points. Information emerged regarding potential talks between Russia and Ukraine, which may also positively influence the markets, although at the same time it is worth remembering that this may be a trick on the part of Russia.

Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back

Join over 1.6 Million investors from around the world