Welcome to today’s market update! Let’s dive into the key economic data shaping the markets.
- U.S. Retail Sales Drop – January’s retail sales fell -0.9%, much weaker than expected, signaling potential consumer weakness. However, industrial production rose 0.5%, showing strength in manufacturing.
- Eurozone GDP Holds at 0.1% – Growth remains sluggish, while German wholesale prices surged 0.9%, raising inflation concerns.
- China’s Credit Surge – New loans jumped to 5.13 trillion yuan, showing strong liquidity support despite slower M2 money supply growth at 7.0%.
- The Dollar Index (DXY) may see mixed movement—weak retail sales could pressure the dollar, but risk-off sentiment from slow global growth may provide support.
- Bitcoin (BTC):$46,750 (-1.4%)
- Gold:$2,025/oz (-0.5%)
- Silver:$23.65/oz (-0.8%)
That’s your quick market recap! Stay tuned for more updates, and happy trading!
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