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Stournaras expressed expectations for an April rate cut while discussing terminal rates and fiscal stimulus
Market expects 64% chance of ECB rate cut in April; Stournaras supports, citing fiscal stimulus and equilibrium needs.
In February, Canada’s monthly New Housing Price Index surpassed expectations, recording a 0.1% increase
Canada’s New Housing Price Index rose 0.1% in February, exceeding forecasts, signaling housing market trends.
The USDCHF shows upward momentum above key moving averages, with resistance around 0.8845 and 0.8862
USDCHF bounced from 0.8755 after SNB rate cut, encountering resistance at 0.8845 while maintaining short-term bullish momentum.
Retail sales in Canada, excluding automobiles, rose by 0.2%, surpassing the predicted decline of 0.2%
Canada’s retail sales rose 0.2% in January, exceeding forecasts, indicating positive consumer spending trends and economic momentum.
