US wholesale inventories for January -0.5% versus 0.2% estimate.
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US wholesale inventories for January -0.5% versus 0.2% estimate.

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US new-home sales for January 0.587 million versus 0.720 million estimate
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US new-home sales for January 0.587 million versus 0.720 million estimate

Prior month 0.745 million revised to 0.712M New Home sales for the month of January 0.587M vs 0.720M estimate. Further details from the report shows: Inventory (Jan 2026): 476K homes (+0.4% m/m, -4.0% y/y) Months’ supply: 9.7 months (up from 8.0 prior, +21.3% m/m, +7.8% y/y) Median price: $400.5K (-4.5% m/m, -6.8% y/y) Average price:…

Bessent: We will get the results of the tariff investigations in July
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Bessent: We will get the results of the tariff investigations in July

Treasury Secretary Scott Bessent said the tariff investigations will wrap up just in time for the 150 day deadline in the current tariff regime, which could also be ruled illegal (though that would be retroactive). Normally, this kind of investigation takes 12-18 months but despite a much larger scope of countries, this version will be…

US March Philly Fed business index +18.1 vs +10.0 expected
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US March Philly Fed business index +18.1 vs +10.0 expected

Prior was +16.3 Details: New orders 8.6 vs 11.7 prior Shipments 22.2 vs 0.3 prior Unfilled orders -4.7 vs -12.9 prior Delivery times 18.9 vs -9.9 prior Inventories 1.4 vs -0.2 prior Prices paid 44.7 vs 38.9 prior Prices received 21.2 vs 16.7 prior Number of employees 0.8 vs -1.3 prior Average employee workweek 2.8…

US initial jobless claims 205K versus 215K estimate
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US initial jobless claims 205K versus 215K estimate

Prior week 213K Initial jobs claims 205K vs 215K estimate 4 week moving average of initial jobless claims 210.75K versus 211.50K last week. Continuing claims 1.857M vs 1.850M estimate. Prior week 1.850M 4 week moving average of continuing claims 1.850M versus 1.852M last week The largest increases in initial claims for the week ending March…

European markets wrap: Brent crude, European gas prices surge; SNB holds
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European markets wrap: Brent crude, European gas prices surge; SNB holds

Headlines: Markets: Oil prices stay elevated amid rising Middle East tensions Brent crude oil up 7% to $115.03, WTI crude oil up 1.3% to $97.50 US dollar eases slightly after post-Fed gains EUR/USD up 0.2% to 1.1468, USD/JPY down 0.5% to 159.08 after BOJ leaves door open for rate hikes Precious metals come under heavy…

What are the main events for today?
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What are the main events for today?

EUROPEAN SESSION In the European session, we get three central bank policy decisions. The SNB is expected to hold interest rates unchanged at 0.0%. The focus will be on central bank’s signals about potential intervention in the currency market after EUR/CHF fell to 0.90 recently amid the US-Iran conflict. The BoE is expected to leave…

UK January ILO unemployment rate 5.2% vs 5.3% expected
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UK January ILO unemployment rate 5.2% vs 5.3% expected

Prior 5.2% Employment change 84k vs -4k expected Prior 52k Average weekly earnings +3.9% vs +3.9% 3m/y expected Prior +4.2% Average weekly earnings (ex bonus) +3.8% vs +4.0% 3m/y expected Prior +4.2%; revised to +4.1% February payrolls change 20k Prior -11k; revised to 6k There are quite a few positives to note, one that the…

US explores use of govt insurance in escorting ships through Strait of Hormuz – report
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US explores use of govt insurance in escorting ships through Strait of Hormuz – report

The FT reports on the matter, noting that US president Trump has given his word that the US would insure commercial vessels seeking passage through the Strait of Hormuz. And the US administration has looked into how to go about that by exploring plans to tie it with government insurance. To be more specific, it…

Asia-Pacific FX news wrap: Trump considering sending troops into Iran
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Asia-Pacific FX news wrap: Trump considering sending troops into Iran

At a glance: Oil surges as strikes hit major Middle East energy infrastructure South Pars and Ras Laffan targeted, escalating LNG supply risks Iran launches multi-country retaliation across Gulf and US-linked assets Qatar LNG facilities hit twice, fires and extensive damage reported Trump signals de-escalation on South Pars but issues extreme retaliation threat US weighing…

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