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Doubt Chinese Data, But Its Stronger-Than-Expected PMI Lifts Risk Assets
Article By:
Marc Chandler
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Wednesday, March 1, 2023 8:53 AM EDT
Many investors may be skeptical of the accuracy of Chinese data, but its stronger than expected February PMI animated the animal spirits and bolstered risk-taking appetites. Asia Pacific equities jumped, led by the 4.2% rally in Hong Kong.
S&P 500 Forecast: Index Continues To Be Very Choppy
Article By:
Christopher Lewis
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Wednesday, March 1, 2023 8:33 AM EDT
I believe that it is only a matter of time before the market breaks down. The current level of volatility is concerning, and it is likely to result in lower prices over time.
Recession Warning Sign: Consumer Confidence Falls Again In February
Article By:
SchiffGold
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Wednesday, March 1, 2023 8:31 AM EDT
The Conference Board Consumer Confidence Index fell for the second straight month in February, dropping from a downwardly revised 106.0 in January to 102.9.
NIFTY Elliott Wave Sequence Suggests Further Downside
Article By:
Elliottwave Forecast
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Wednesday, March 1, 2023 8:16 AM EDT
Nifty shows an incomplete bearish sequence from 12.1.2022 high favoring further downside. The decline from 12.1.2022 high is unfolding as a double three Elliott Wave structure.
With Inflation Receding, What Will The Bank Of England Do Next?
Article By:
Giles Coghlan
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Wednesday, March 1, 2023 8:02 AM EDT
With the growth in mind, there are increasing fears that further central bank action risks plunging the UK economy into a deeper, longer recession than is necessary to combat inflation.
In this article: EWU
Lowe's Tops Q4 Earnings Estimates
Article By:
Zacks Investment Research
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Wednesday, March 1, 2023 7:50 AM EDT
Lowe's came out with quarterly earnings of $2.28 per share.
In this article: LOW
China Evergrande Nears Its Make-Or-Break Moment
Article By:
Invezz
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Wednesday, March 1, 2023 7:38 AM EDT
China Evergrande could be forced to wind down its operations this month, in one of the biggest corporate failures in modern times. Once the biggest real estate developer in China, it has failed to reach an agreement with its creditors.
In this article: EGRNF
ISM Manufacturing Commentary
Article By:
James Harte
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Wednesday, March 1, 2023 7:36 AM EDT
The latest US ISM manufacturing data due today will be the key data focus for the session ahead.
In this article: UUP
Inflation Is On The Rise In Europe
Article By:
JustMarkets
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Wednesday, March 1, 2023 6:45 AM EDT
The latest data showed that inflation in Europe is starting to accelerate again. In France, the consumer price index rose from 6% to 6.2% y/y. In Spain, CPI also jumped from 5.9% to 6.1% year-on-year.
FX Daily: Upbeat China PMIs Lift The Mood
Article By:
ING Economics
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Wednesday, March 1, 2023 6:45 AM EDT
Financial markets are caught between the two narratives of a softer landing (helped by China's reopening) and sticky inflation keeping policy rates higher for longer.