US stocks were higher last week. So was Europe and UK while Asian stockmarkets were mixed.
In the US, both Services and Manufacturing PMI data (Purchasing Managers Index) came in above expectations and above 50, indicating expansion. The US Manufacturing print was a 15-month high. Another US data point last week that surprised to the upside was fourth-quarter GDP growth which came in at 3.3% annualised; with 2% forecasted. The market lowered the expectations of a March rate cut to 40% (was above 60% just a week ago) and the US Dollar index rose to a six week high.
Full report:
https://realmim.com/busy-week-coming-big-tech-companies-report-fed-meeting-and-us-jobs-data/
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