Bernstein Names IAG, Ryanair as Top European Airline Stocks Ahead of Earnings 
Trump has made more than $1 billion from crypto in a year. How? 
Gold Pulls Back After Hitting $4,180 as Geopolitical Risk Sends Crude Higher 
Goldman Sachs Flags 3 Key Risks Ahead of Europe’s Earnings Season 
Goldman AM Sees Strong Buyout Opportunities in Japan, South Korea and Australia 
USA at 250: the Black American struggle for life, liberty and the pursuit of happiness 
Gold Surges Past $4150 on Dovish Fed Signals and Weak Jobs Data; Bullish Outlook Prevails 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
Vietnam’s population hit the 100 million milestone. Where’s it headed? 
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
The German Producer price Index data was published today at 7 am GMT.
- Latest report shows that PPI has decreased once more. MoM data came at -0.6% higher than expected -0.4% and YoY at -2.2% accelerating from the previous -1.7%.
- The outlooks for inflation prompt the central bank to take up unprecedented step towards asset purchase which was announced in January and to start from March, 2015.
- A chart is attached that show the path of the PPI over the last one year taking December 2013 as base year. It is falling and recent time has increased the pace. Part of such could be slippage of lower oil price but it is worth noting that it has been falling beforehand.
- Euro so far has muted impact over the data, but the data points ahead will be ever more vital to watch out the effect of central bank purchase programme of € 60 billion a month.
Outlook for the euro remains bearish against the dollar. Since we have been saying that at this euro valuation European assets look cheaper even at the backdrop of turmoil, European assets could see portfolio flows which will affect the euro short term.
