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Economic and fundamental developments 17-02-2022 US session

17 Feb 2022 05:37 PM
  • Continuing tensions between Russia and the Ukraine are stilling hanging over European and US stock markets.
  • Last night, the Federal Reserve minutes showed that some policy makers are concerned that if interest rates are hiked too quickly, it could derail the recovery. The US dollar is muted.
  • Gold hit an eight-month high due to the flight to quality sentiment, and the softened US dollar is helping the metal too.
  • US jobless claims increases by 23,000 to 248,000, while economists were anticipating 217,000. The US Philly Fed manufacturing index slipped to 16 from 23.2.      

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