Economic and fundamental developments 02-02-2022 US session
2 Feb 2022 04:16 PM
US dollar drops as ADP employment report was -301,000, while economists were expecting 184,000 jobs to have been added. It was the worst ADP reading since May 2020.
Stock markets in the US and Europe are showing gains as the recovery in equity markets continues.
Eurozone CPI hit a new record high of 5.1%, topping the 4.4% forecast. The core CPI reading dropped to 2.3% from 2.6%
OPEC+ announced plans to increase production by 400,000 barrels per day from March, meeting forecasts.