Market news

Fed's Chair Powell: I don't think uptick in inflation that's coming in the months ahead will be large or persistent

Copper: Explosion to the upside is unsustainable, retracement lower is coming - Commerzbank

Fed's Chair Powell reiterates promise to keep rates near zero until full employment and inflation rises to 2% and is on track to moderate exceed 2% for some time

U.S. consumer confidence improves more than forecast in February

U.S.: Consumer confidence , February 91.3 (forecast 90)

U.S.: Richmond Fed Manufacturing Index, February 14

U.S. home price growth accelerates more than forecast in December - S&P Dow Jones Indices

U.S. Stocks open: Dow -0.31%, Nasdaq -1.89%, S&P -0.69%

Before the bell: S&P futures -0.64%, NASDAQ futures -1.79%

U.S.: Housing Price Index, y/y, December 11.4

U.S.: S&P/Case-Shiller Home Price Indices, y/y, December 10.1 (forecast 9.9%)

U.S.: Housing Price Index, m/m, December 1.1

Wall Street. Stocks before the bell

Initiations before the market open

Upgrades before the market open

S&P 500 Index: Below 3885 confirms a correction lower towards 3819/17 - Credit Suisse

Digital euro is unlikely to have any exchange rate implications - HSBC

S&P 500: Higher interest rates and peaking earnings revisions to be difficult to handle - Morgan Stanley

European session review: USD mixed as focus shifts to Fed chair Powell's testimony

USD/CNH stick to the positive outlook - UOB

AUD/JPY to trade at 87.00 by end-2021 - Westpac

Company News: Home Depot (HD) quarterly results beat analysts’ expectations

UK's PM Johnson: "Very optimistic" and "hopeful" for June 21 full reopening - The Sun

Decline in UK retail sales volumes ease less than expected in February - CBI

United Kingdom: CBI retail sales volume balance, February -45 (forecast -38)

GBP/USD to move back below 1.40 if bulls book some profits – DBS Bank

Eurozone annual inflation up to 0.9% in January

Eurozone: Harmonized CPI ex EFAT, Y/Y, January 1.4% (forecast 1.4%)

Eurozone: Harmonized CPI, Y/Y, January 0.9% (forecast 0.9%)

Eurozone: Harmonized CPI, January 0.2% (forecast 0.2%)

Gold: sees strong support around $1765 – Standard Chartered

Italy's industrial sales rose in December

USD/JPY risks a move to 104.40 – UOB

EUR: Will the EUR’s underperformance alongside low yielders last? - MUFG

GBP/USD to rise to 1.45 as the UK is on course to recover rapidly – CE

Asian session review: the US dollar declined slightly against the major currencies

Swiss producer and import price index rose by 0.3% in January

Switzerland: Producer & Import Prices, y/y, January -2.1

UK unemployment rate rose slightly in the three months to December 2020

United Kingdom: Average earnings ex bonuses, 3 m/y, December 4.1 (forecast 4%)

United Kingdom: Average Earnings, 3m/y , December 4.7 (forecast 4.1%)

United Kingdom: ILO Unemployment Rate, December 5.1 (forecast 5.1%)

United Kingdom: Claimant count , January -20

Options levels on tuesday, February 23, 2021

Commodities. Daily history for Monday, February 22, 2021

Schedule for today, Tuesday, February 23, 2021

Currencies. Daily history for Monday, February 22, 2021

New Zealand: Retail Sales YoY, Quarter IV 4.8

New Zealand: Retail Sales, q/q, Quarter IV -2.7

Schedule for tomorrow, Tuesday, February 23, 2021

DJIA +0.43% 31,630.77 +136.45 Nasdaq -1.62% 13,649.39 -225.07 S&P -0.29% 3,895.24 -11.47

European stocks closed: FTSE 100 6,612.24 -11.78 -0.18% DAX 13,950.04 -43.19 -0.31% CAC 40 5,767.44 -6.11 -0.11%

UK's PM Johnson announces COVID-19 restrictions will be lifted in stages beginning March 8 through June 21