Gold Prices Retreat From Two-Month High as Softer Inflation Eases Fed Rate Hike Bets 
US Dollar Slips as Weak Retail Sales Reduce Fed Rate Hike Bets 
Oil Prices Slide as OPEC, IEA Cut 2026 Demand Forecasts 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Gold Prices Rise as Weak US Retail Sales Cut Fed Rate Hike Bets 
KOSPI Eyes Best Weekly Gain Since June as Samsung, SK Hynix Rally 
Wall Street Hits Record High as Softer Inflation Data Eases Fed Rate Hike Fears 
Gold Prices Slip From Two-Month High as Inflation and Fed Outlook Drive Markets 
Add as a preferred source on Google
Since European Central Bank (ECB) disappointed in December, sentiment started deteriorating in Euro zone. New Year turmoil across global stock market increased the tempo of deterioration.
- European Central Bank (ECB) again gave assurance to act in March further and keep policy very accommodative for very long and that might boost sentiment from March.
- Concern over immediate hard landing in China and weakness in emerging markets likely to weigh on sentiment, however comments from this weekend's G20 finance ministers' meeting might improve business sentiment.
- Business prospect is however great with weaker Euro improving competitiveness of Euro area however domestic economies are facing some loss of momentum.
Today's economic survey showed that sentiment across Euro zone dropped sharply.
- Euro zone business climate dropped to 0.07 in February, lowest reading since February, 2015.
- Industrial confidence dropped to -4.4 lowest since February, 2015. Economic sentiment soured to 103.8, worst reading since May, 2015.
- Services sentiment dropped drastically to 10.6, lowest reading since August, 2015.
- Consumer confidence dropped to -8.8, worst reading since December, 2014.
Euro is currently trading at 1.102 against Dollar.
