Deutsche Bank-DBDaily US core PCE this week-106700685

DeutscheBankEconomicsDateResearch26February2024DBDailyGlobalUScorePCEthisweekUScorePCEthisweekPhilOdonaghoeUK:GfKConsumerConfidence(Feb):Down2ptsto-21,missed.EconomistDEU:GDP(Q4F):Confirmedat-0.3%qoq,inline.+61-2-8258-1606DEU:IFOsurvey(Feb):Up0.3ptsdto85.5,inline.USequitieswereflatFriday,S&Pholdingontoarecordhighandup1.7%overtheweek.US10yryieldsdown7bpsFridayto4.25%,down3bpsovertheweek.GermanyIFOinline,up0.3ptsto85.5inFebruary,butcurrentassessmentslippedFigure1:MarketSummary0.1ptto86.9.Expectationsup0.6ptsto84.1.Equities5088.800.0%FX1.0823-0.31%InlightofthestillsubduedlevelonthecurrentassessmentIFOindexandS&P500497.250.4%EURUSD150.49-0.22%disappointingGermanPMIsfromThursday,MarcSchattenburghasdowngradedStoxx6000.3%USDJPY1.2671-0.07%hisQ1GDPforecastforGermanyto-0.2%qoq,andseesdownsiderisksforhisFTSE7706.282.2%GBPUSD1.3503-0.36%2024outlook.Nikkei22539098.680.1%USDCAD0.6563-0.33%CSI300-0.80AUDUSD0.6197-0.21%ECB'sLagarde:Q1wagedata"willbeimportant"forpolicyassessment,ECBVIX3489.74NZDUSDmovesare"independent"ofothercentralbanks-suggestsLagardedoesnotthink13.74ECBneedsto'wait'forFedtocut.DebtCommoditiesUST10UST24.25-0.07Oil81.68-2.4%SFR40.3%4.69-0.02Gold2035.30-1.2%-0.8%4.810.00CRB270.82Copper388.55Source:DeutscheBank,BloombergFinanceLPECB'sStournaras:Expectsfirstratecutin"June",AprilpossibleonlyifECB"getsrightkindo...