Bed Bath & Beyond reported a third-quarter sales decline of 5%, which it said was largely due to its shedding of noncore assets and ongoing store closures.
Reminder: It is US non-farm payrolls week
The US non-farm payrolls report will be out tomorrow
The estimate is for a +62K reading, which is relatively on the softer side. However, the yesterday highlights some potential downside risk to the figure.
The estimate is for a +62K reading, which is relatively on the softer side. However, the yesterday highlights some potential downside risk to the figure.
ECB’s Weidmann: ECB must ensure emergency tools don’t turn permanent
Comments by ECB hawk, Jens Weidmann
The headline comment is notable as it will be more of a heated topic later in the year if the economic recovery keeps on track. That will also start to bring into question the PEPP fulfilment by the ECB before it expires in June next year.
The headline comment is notable as it will be more of a heated topic later in the year if the economic recovery keeps on track. That will also start to bring into question the PEPP fulfilment by the ECB before it expires in June next year.
Dollar extends gains on the session; finally responding to the jump in yields?
The dollar leads gains in European morning trade
Of note, USD/JPY is pushing to its highest levels in over a week as price touches 103.70 upon a break of its 200-hour moving average @ 103.26 earlier in the day.
Of note, USD/JPY is pushing to its highest levels in over a week as price touches 103.70 upon a break of its 200-hour moving average @ 103.26 earlier in the day.
Eurozone December preliminary CPI -0.3% vs -0.3% y/y expected
Latest data released by Eurostat – 7 January 2021
Eurozone December final consumer confidence -13.9 vs -13.9 prelim
Latest data released by Eurostat – 7 January 2021
The thing to watch here is that much like how confidence/optimism grew during the summer last year, it could easily falter again if the timeline of the vaccine rollout is misconstrued and if the virus situation continues to worsen in the meantime.
The thing to watch here is that much like how confidence/optimism grew during the summer last year, it could easily falter again if the timeline of the vaccine rollout is misconstrued and if the virus situation continues to worsen in the meantime.