- 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.
Economic and fundamental developments 02-02-2022 US session
2 Feb 2022 04:16 PM
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