Palladium increased 5.01% to 1740 USD/t.oz

Palladium is up by 5.01%

Data releases halfway through February will add to how markets see the global economy amid uncertainty on trade, monetary policy, and fiscal spending by major players. The Federal Reserve will release minutes from its last meeting, which saw a pause in its cutting cycle. The US will also unveil its 4th quarter GDP and publish fresh income and outlays aggregates. Meanwhile, Canada will post its inflation rate, and European PMIs will shed light on leading indicators for the region's largest economies. Finally, China's New Year Holidays will leave the spotlight to Japan's fourth quarter GDP and inflation, while the RBA will also unveil meeting minutes. Earnings events will include a broad range of industries with reports due from Walmart, Airbus, Newmont, BHP, Palo Alto Networks, Booking Holdings, Analog Devices, Warner Bros, and Air Liquide.

Week Ahead - Feb 16th

Frankfurt's DAX 40 managed to close about 0.3% up at 24,915 on Friday, halting a three-day losing run, mainly supported by defense and aerospace stocks and tech companies. MTU Aero Engines was among the top gainers, rising 4.4%, benefiting from the optimistic outlook from French peer Safran. Hensoldt (2.3%), Rheinmetall (1.8%) and Renk (1%) saw increased buying, as traders eyed developments at the Munich Security Conference, which runs until Sunday. Shares in Rheinmetall were also underpinned by news of its automotive divestment and a €200 million NATO contract for 120mm ammunition. SAP and Infineon Technologies rose 1.5% each, on easing AI worries. On the flip side, banks and financials were the top losers, as investors trimmed positions following a benign US inflation report. Softer-than-anticipated inflation reinforced expectations of further Fed cuts and left open the possibility of renewed easing by the ECB, which could squeeze banks' margins. For the week, the index rose 0.8%.

DAX Closes Slightly Higher

The FTSE MIB Index fell -750 points or 1.62 percent on Friday to close at 45473 points. Leading the losses are Interpump Group (-16.56%), Bper Banca (-5.47%) and Banco BPM SPA (-4.23%).

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Palladium is up by 5.01%

Week Ahead - Feb 16th

DAX Closes Slightly Higher

The FTSE MIB Index Closes 1.62% Lower