- G20 Backs More Resources For IMF, No Concrete Sums Discussed
- US To Impose Sweeping Rule Aimed At China Technology Threats
- US Removes Stumbling Block To Global Deal On Digital Tax
- France Says Global Tax Deal In Reach After US Move
- Russia February Oil Output Falls Despite Increase In OPEC+ Quota
- Suez Board Rejects Veolia's Takeover Offer
- Biden Team Considering A Halt To 'Offensive' Arms Sales For Saudis

The US Federal Reserve’s preferred measure of inflation was unmoved in January despite predictions of a decrease, and the news could further stoke fears of additional consumer price growth and the possibility of more hawkish monetary policy as bond yields move higher.
The January rate of annual core PCE inflation matched the December reading of 1.5% to exceed economists’ projections of a decline to 1.4%, the US Commerce Department said Friday. The US Labor Department reported earlier this month that its core inflation rate fell to 1.4% in January from 1.6% in December.
The monthly core PCE rate in January was unchanged at 0.3% versus the market estimate of 0.2% in the final month of 2020.
The greenback was little changed against the euro on the news, and the US benchmark bond moved sideways. (LiveSquawk – Continue Reading)
The Biden administration plans to allow a sweeping Trump-era rule aimed at combating Chinese technology threats to take effect next month, over objections from U.S. businesses, according to people familiar with the matter.
The rule, initially proposed in November, enables the Commerce Department to ban technology-related business transactions that it determines pose a national-security threat, part of an effort to secure U.S. supply chains. Companies in technology, telecommunications, finance and other industries say the rule could stifle innovation and hurt competitiveness, and had expected it to be delayed as the administration undertakes a broad review of U.S. policy on Chinese technology. (WSJ – Continue Reading)
- US Personal Income Jan: 10.0% (est 9.5%; prev 0.6%)
- US Advance Goods Trade Balance (USD) Jan P: -83.7B (est -83.0B; prevR -83.2B; prev -82.5B)
- US Wholesale Inventories (M/M) Jan P: 1.3% (est 0.4%; prevR 0.5%; prev 0.3%)
- US Chicago PMI Feb: 59.5 (est 61.0; prev 63.8)
- US Univ. Of Michigan Sentiment Feb F: 76.8 (est 76.5; prev 76.2)
- US NY Fed GDP Nowcast Q1: 8.68% (prev 8.30%)
- US Atlanta Fed GDPNow Q1: 8.8% (prev 9.6%)
- Canadian Industrial Product Price (M/M) Jan: 2.0% (est 1.9%; prev 1.5%)
- US To Impose Sweeping Rule Aimed At China Technology Threats – WSJ
- US Removes Stumbling Block To Global Deal On Digital Tax - FT
- G20 Backs More Resources For IMF, No Concrete Sums Discussed – RTRS
- ECB's Visco: Extreme Prudence Must Be Used Before Exiting Support Measures – ForexLive
- Schnabel Says ECB May Need To Add Support If Yields Hurt Growth – BBG
- ECB's Stournaras Calls For Lifting Bond Purchases To Stem Yield Rise – RTRS
- BoE's Ramsden Says UK Inflation Risks Are Balanced – RTRS
- BoE's Haldane Sees Risk Of Central Bank Complacency On Inflation – BBG
- Sunak To Launch Fast-Track UK Tech Visas To Lure Overseas Talent – FT
- France Says Global Tax Deal In Reach After US Move – RTRS
- German FinMin Scholz: G20 Should Not Withdraw Fiscal Support Too Early – RTRS
- Japan Cautious On Global Economy, Urges Support For Poor Nations – RTRS
- Japan's Aso Warns Of Dangers Of Complacency Over Ultra-Loose Policy – RTRS
- USD/JPY: Bulls Maintain The Pressure, 107.00 At Sight – FXStreet
- EUR/USD Struggles Around 1.21 Amid Sour Market Mood – FXStreet
- GBP/USD Tumbles Below 1.39 As The Dollar Storms The Board – FXStreet
- Oil Prices Fall On Rising US Dollar, Expectations For Supply Gains – CNBC
- Russia February Oil Output Falls Despite Increase In OPEC+ Quota – BBG
- EIA: US Crude Output Drops To 11.06 Mln Bpd In December – RTRS
- Baker Hughes: US Drillers Add Rigs For Seventh Month In A Row, Pace Slows – RTRS
- Gold Slumps As Rising US Yields, Dollar Dull Lustre – CNBC
- Nasdaq Rebounds From Worst Sell-Off Since October, Dow Falls 300 Points – CNBC
- European Stocks Close Sharply Lower, Down 2.5% For The Week On Bond Yield Jitters – CNBC
- SPACs Target UK Tech Companies For US Listings – FT
- NatWest Braced For Ministers To Delay Privatisation Target Again – Sky
- AT&T To Spin Off Long-Suffering DirecTV In Deal With TPG - BBG
- Warburg Pincus-Backed ARA Weighing $1 Billion Dual Listing - BBG
- Suez Board Rejects Veolia's Takeover Offer - RTRS
- Fitch: Canadian Banks Exceed Pre-Pandemic Results In Q1 21; Risks Persist