Daily-Wrap

Macro Update:The U.S. Labor Department said its consumer price index rose by 0.2% in January after climbing by 0.3% in December. Economists had expected prices to rise by another 0.3%. The annual rate of growth by consumer prices slowed to 2.4% in January from …

Macro Update:The Bank of Canada's Summary of Deliberations from its interest rate decision last month was released yesterday.The report revealed that the governing council of the central bank highlighted that persisting geopolitical turbulence and growing trade uncertainty have increased the risks to its economic …

Macro Update:On the geopolitical front, Israel wants the recently begun U.S.-Iran negotiations to include Iran's ballistic missiles program and Iran's support to militant groups. Experts are concerned that Iran may refuse and retaliate, starting a war.The geopolitical risk premium supported gold and oil prices, …

Macro Update:The dollar dropped against all of its major peers and U.S. Treasury yields fell across the curve amid growing economic uncertainty.With Federal Reserve officials signalling patience on rate cuts, the focus now shifts to the delayed jobs report later in the day and …

Macro Update:The U.S. dollar index was subdued for the third consecutive session and U.S. Treasury yields fell as investors braced for key U.S. economic data for direction.Ahead of retail sales, inflation and delayed payrolls data due this week, White House economic adviser Kevin Hassett …

Macro Update:The second round of Russia-Ukraine peace talks also ended in Abu Dhabi without any development except for both nations agreeing to exchange prisoners of war.Data released by Statistics Canada today revealed that the unemployment rate in Canada fell to 6.5% in January (the …

Macro Update:Reportedly, the U.S. abandoned the discussion plan but conceded later after a lot of persuasion by the Arab and Muslim nations.In Abu Dhabi, United Arab Emirates, negotiators from Russia and Ukraine concluded the second day of peace talks with the U.S. acting as …