United States:
Capital Goods Orders in U.S. Climb by the Most in Four Months
“Orders placed with U.S. factories for business equipment rose in January by the most in four months, exceeding forecasts and consistent with resilient capital spending and pointing to steady manufacturing growth. The value of core capital goods orders, a proxy for investment in equipment that excludes aircraft and military hardware, increased 0.9% after a revised 0.4% gain a month earlier, Commerce Department figures showed on Friday.”
Europe:
BOE’s Pill Vows to Combat U.K. Inflation in ‘Measured Way’
“Bank of England Chief Economist Huw Pill said policy makers aim to move in a “measured way” that doesn’t hurt the rest of the economy as they seek to rein in inflation.”
Asia:
Faster Tokyo Price Gains to Keep BOJ Speculation Smoldering
“The rise in the cost of living in Tokyo matched its fastest pace in the last two years in February, driven by higher energy prices that could climb further in the coming months following the Russian invasion of Ukraine. Excluding fresh food, consumer prices in the capital increased 0.5% from a year earlier as utility bills soared, according to the ministry of internal affairs Friday. That outpaced a 0.4% gain expected by economists.”
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