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America's Roundup: Dollar gains on higher yields, safe haven bid, European shares drop, Wall street ends mixed, Gold down over 6% for the month, Oil drops on dollar strength and OPEC+ supply expectations-February 27th,2021


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America’s Roundup: Dollar gains on higher yields, safe haven bid, European shares drop, Wall street ends mixed, Gold down over 6% for the month, Oil drops on dollar strength and OPEC+ supply expectations-February 27th,2021
Friday, February 26, 2021 8:57 PM UTC
Market Roundup
• Canada Jan IPPI (YoY) 4.0%, 1.8% previous
• Canada Jan RMPI (MoM)  5.7%, 3.5% previous
• US Jan Personal Income (MoM) 10.0%, 9.5% forecast, 0.6% previous
• US Jan Real Personal Consumption (MoM) 2.0%,  -0.6% previous
• US Jan Personal Spending (MoM) 2.4%, 2.5% forecast ,-0.2% previous
• US Jan PCE price index (MoM) 0.3%,  0.4% previous
• US Jan PCE Price index (YoY) 1.5, 1.3 previous
• US Jan Core PCE Price Index (MoM) 0.3%, 0.2% forecast , 0.3% previous ....

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European Stocks Close Sharply Lower


European Stocks Close Sharply Lower
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European markets ended sharply lower on Friday as concerns over inflation and rising U.S. Treasury yields continued to weight on equities.
Bond yields in the U.K. too rose today, lifted by Bank of England Chief Economist Andy Haldane s warning that it will be tough to rein in inflation.
Investors were also digesting a slew of earnings reports and economic data.
The pan European Stoxx 600 declined 1.64%. The U.K. s FTSE 100 ended lower by 2.35%, France s CAC 40 slid 1.39% and Germany s DAX lost 0.67%, while Switzerland s SMI lost 1.28%.
Among other markets in Europe, Austria, Belgium, Czech Republic, Denmark, Finland, Iceland, Ireland, Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden and Turkey all closed notably lower. Greece and Ukraine edged up slightly. ....

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Bank of England's Haldane warns inflation "tiger" is prowling


3 Min Read
LONDON (Reuters) - Bank of England Chief Economist Andy Haldane warned on Friday that an inflationary “tiger” had woken up and could prove difficult to tame as the economy recovers from the COVID-19 pandemic, potentially requiring the BoE to take action.
Slideshow ( 2 images )
In a clear break from other members of the Monetary Policy Committee (MPC) who are more relaxed about the outlook for consumer prices, Haldane called inflation a “tiger (that) has been stirred by the extraordinary events and policy actions of the past 12 months”.
“People are right to caution about the risks of central banks acting too conservatively by tightening policy prematurely,” Haldane said in a speech published online. “But, for me, the greater risk at present is of central bank complacency allowing the inflationary (big) cat out of the bag.” ....

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