The Federal Reserve’s balance sheet grew by $394B in the past two weeks.
Credit Suisse’s problems revealed today stem from issues the company discussed last June in a profit warning.
Investor concerns over the potential for poor European growth in the foreseeable future have eased thanks to the flurry of economic data coming out stronger than expected this year.
Last week, I dissected developed markets EMEA (DM EMEA) stock performance by sector and found that the consumer discretionary sector was driving upward performance.
As inflation fears have receded somewhat—though we’ll see in next week’s US CPI report how much they really have receded—European stocks have had a good start to the year.
On Monday, Germany’s GDP print for the final quarter of 2022 came out below expectations of 0.0% by -2%.
Yesterday, we got our first look at December’s economic data for Europe, in the form of PMIs.
We got consumer price reports for many European countries this week.
With winter not fully upon us, European industrial production has benefitted from lower energy prices.
We highlight a few takeaways from Fed Chair Jerome Powell’s confirmation hearing today before the Senate Banking Committee, broken down by topic.
