War gains unwind as allies resist blockade – DBS

War gains unwind as allies resist blockade – DBS

DBS Group Research’s Philip Wee notes that the US Dollar (USD) has given back most of its Iran‑war related strength, with the US Dollar Index (DXY) down this month and nearing pre‑conflict levels. He links Dollar softness to resilient equities, contained Brent prices below $100, and a growing refusal by US allies to escalate the […]

Eurozone Industrial Production rises faster by 0.4% MoM in November vs. 0.3% estimates

Eurozone Industrial Production rises faster by 0.4% MoM in November vs. 0.3% estimates

The Eurozone industrial sector activity rises 0.4% in February, faster than estimates of 0.3%, according to data published by Eurostat on Wednesday. In January, the Industrial Production data declined by 0.8%, revised higher from -1.5%. On an annualized basis, the industrial output declined steadily by 0.6%, while it was expected to have contracted at a faster pace […]