USА: Import price index, January: 0.0% vs exp 0.2%. Export price index: +0.7% vs exp -0.1%.

Import prices MoM for January 0.0% versus -0.2% estimate. The prior month was revised down to 0.2% from 0.3% previously reported import price index ex petroleum +0.2% versus -0.1% estimate. Prior month remained unchanged at +0.2% Import prices year on year 0.3% versus 0.2% estimate. The prior month remained unchanged at 0.5% Export price index MoM 0.7% versus -0.1% estimate. […]

USA: Retail Sales, January: +0.3% vs +0.3% expected

Prior was +0.3% (revised to +0.2%) Ex autos +0.3% vs +0.3% expected Prior ex autos +0.7% (revised to +0.6%) Ex autos and gas +0.4% vs +0.3% expected Prior ex autos and gas +0.3% Control group 0.0% vs +0.3% expected Prior control group +0.5% (revised to +0.2%)

Highlights from Fed’s Powell testimony

Very focused on threat of cyber attacks Cyber attacks could accept confidence in financial sector The biggest issue of the federal budget is healthcare spending US spending on healthcare very high for returns Fed likely to need to QE, forward guidance in a downturn He would be concerned about the level of the US debt […]

Eurozone December industrial production -2.1% vs -2.0% m/m expected

Prior +0.2%; revised to 0.0% Industrial production WDA -4.1% vs -2.5% y/y expected Prior -1.5%; revised to -1.7% The industrial output reported a decline in December, but according to German reading last week, this decline is fully expected and in any case, confirms the slowdown in factory activity in the region towards the end of last […]