Blogs

<p>The major European indices are closing higher on the day with the gains led by the UK FTSE 100. A snapshot of the closing levels shows:</p><ul><li>German DAX, +0.76%</li><li>France CAC, +0.65%</li><li>UK FTSE 100, +0.90%</li><li>Spain's Ibex, +0.62%</li><li>Italy's

<p>US Treasury Secretary Yellen is on a wires saying:</p><ul><li>US budget does not need to be balanced to be on a fiscally sustainable path</li><li>Critical to reduce deficits to stay on fiscally sustainable path</li><li>We are not looking for a capital increase at World Bank at this time.</li>

<p>The NY Fed takes a closer look at the US rising debt levels:</p><ul><li>Total household debt up $212 billion to $17.5 trillion in fourth quarter of 2023</li><li>Delinquency rates rose in Q4 2023 but remain below pre-pandemic level. Good news.</li><li>3.1% of debt was in some type of delinquency dur

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Gold under pressure after US labor market data. Economists at Commerzbank analyze the yellow metal’s outlook.

The Euro losses ground against the US Dollar early during the North American session, following the release of mixed economic data from the Eurozone (EU) and over the weekend hawkish tilt by the Federal Reserve Chair Jerome Powell.

United States Redbook Index (YoY) climbed from previous 5% to 6.1% in February 2

EUR/USD traded in a tight range, consolidating recent losses through the low 1.0700s.

Gold price (XAU/USD) struggles to find a direction in Tuesday’s European session amid a lack of data drivers as the economic calendar in the United States is light this week.