AUSTRALIA’S RETAIL SALES REBOUND IN JANUARY.
Australian retail sales rise 0.3% in January, meeting expectations.
Rebound from December’s 0.1% decline.
Consumer spending picks up amid easing inflation and tax cuts.
Annual retail sales increase by 3.8%.
Gold prices went down a little on Friday because some people sold to take profits. Gold is still set to rise for the week. Uncertainty about U.S. President Trump’s tariff plans made gold more valuable. Investors are waiting for U.S. job data (non-farm payrolls).
EUR/USD is going up: The Euro is getting stronger against the US Dollar. Highest level in months: It is now at its highest since early November. US Dollar is weak: The Dollar is struggling to gain strength. Investors waiting for data: People are waiting for job data from February.
TREASURY YIELDS TICK LOWER AS INVESTORS AWAIT KEY JOBS REPORT U.S. Treasury yields dip slightly as investors await the nonfarm payrolls report. The 10-year Treasury yield falls 1 basis point to 4.269%. The 2-year Treasury yield also drops 1 basis point to 3.95%.
GERMAN FACTORY ORDERS SHRINK AT WORST PACE IN A YEAR German factory orders dropped 7% in February, the worst decline in a year. The contraction highlights significant damage to the manufacturing sector. The drop raises concerns about Germany's economic growth.