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  • Calendar event / Yesterday at 21:16 GMT

    CN Trade

    High Exports YoY % Change
    High Imports YoY % Change
    High Trade Balance
  • Article / Yesterday at 15:05 GMT

    No inflation? No problem

    Managing Partner / Spotlight Ideas
    United Kingdom
    No inflation? No problem
    US GDP growth may have fallen short of expectations and CPI readings may signal deflation, but the American economy is fundamentally strong. A deeper look into the statistics, including into energy trends and Core CPI readings, makes this quite clear.
    Read the article
  • Squawk / Yesterday at 14:54 GMT
    Head of Macro Strategy / Saxo Bank
    Chicago PMI drops sharply in February to 5-year low:

    Consensus had looked for a small decline to 58 in February from 59.4 in January, but instead the Chicago PMI surprised everybody with a plunge to just 45.8, the lowest print since mid-2009.

    S&P 500 is down 0.2% on the news.

    The ISM manufacturing report will be released on Monday.
    Read the Squawk
    Mads Koefoed Mads Koefoed
    University of Michigan consumer confidence is revised up in the final February report to 95.4 from 93.6. Still a decline from January's 98.1.
  • Squawk / Yesterday at 13:38 GMT
    Head of Macro Strategy / Saxo Bank
    US Q4 GDP growth revised down to 2.2% on inventories:

    The second estimate of fourth quarter GDP for the US resulted in a downward revision of 0.4pp to 2.2%, confirming that the US economy slowed down in the final quarter of 2014 after growth of 4.6% and 5% in Q2 and Q3 respectively. However, the main culprit of the downward revision were inventories, which are now estimated to have added 0.1pp to growth vs. 0.8pp in the original estimate.

    Key components such as private consumption (2.8pp vs. 2.9pp prior), fixed investment (0.7pp vs. 0.4pp), government consumption (-0.3pp vs. -0.4pp) and net exports (-1.2pp vs. -1pp) saw little change.

    All in all, a non-event.
    Read the Squawk
  • Calendar event / Yesterday at 13:30 GMT

    US 2nd estimate GDP

    Med Corporate Profits
    Med GDP
    Med Chain-Weighted Price Index
    Med PCE Price Index
    Med Purchase Price Index
    Med Real Final Sales
    Med Core PCE Price Index (Ex Food/Energy)
    Med Personal Consumption
  • Article / Yesterday at 12:41 GMT

    FX Noon: Focus off Greece, on USD

    Director / Accumen Management
    United Kingdom
    FX Noon: Focus off Greece, on USD
    The Greek issue is hardly off the table, but given Germany's approval of Athens' proposal, focus may head elsewhere in the short-to-medium term. Perhaps to the US, in fact, where rate hike talks continue to prompt much speculation.
    Read the article
  • Saxo TV / Yesterday at 11:52 GMT

    Jakobsen: Warning! US slow down ahead

    Steen Jakobsen
    Saxo Bank's Chief Economist Steen Jakobsen is warning of a sharp US GDP slowdown with QoQ growth to hit zero by Q3 or Q4. Despite stock market peaks and optimistic sentiment, Steen sees worsening US data as the warm up act for a new stage in the economy.
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