Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
The third-quarter gross domestic product of Hungary was slightly revised upwards, beating market consensus, while the country’s industrial production for October came out below market expectations.
Hungarian GDP for the third quarter of 2016 was revised slightly to the upside from 2.0 percent y/y to 2.2 percent y/y and from 0.2 percent q/q to 0.3 percent q/q. / Hungarian GDP data beat the expectations.
Economy increased by 2.2 percent in the third quarter of 2016 compared to the same period of previous year while analysts anticipated only 2 percent growth. Better than expected GDP was mainly supported by market services and agriculture growth.
Industrial production for October came out below market expectations and reached -2.1 percent y/y. Industrial production fell for the second consecutive month in year-on-year terms in October. A bit worrying may be the fact that production declined in almost all industrial sectors incl. car industry.
Together with retail sales figures for October released yesterday, industrial production indicate that beginning of the fourth quarter has been quite weak and that GDP growth may not accelerate more significantly in the fourth quarter, KBC Central European Daily reported.
