At Silicon Valley Bank $SVB Financial (SIVBQ.US)$ Later, Credit Suisse $Credit Suisse (CS.US)$ This scarred former king has already spread bankruptcy news after Bill Huang broke out his position. In 2022, news about his recent bankruptcy also came to light. Eventually, major internal control errors were revealed, causing market concerns, and driving European bank stocks to generally fall, and fears spread further.
Tonight, US retail sales data and PPI data for February were released. Overall, they were lower than expected:
According to data from the US Department of Commerce, retail sales in the US in February were -0.4% month-on-month, which is basically in line with market expectations. After deducting automobiles and gasoline, core retail sales were 0% month-on-month in February, higher than market expectations;
The data shows that out of 13 retail categories, retail sales declined in 9 categories, with the furniture and catering industry falling the most. Car sales fell 1.8% in February, and sales at gas stations fell 0.6%.
US PPI increased 4.6% year on year in February, far below expectations
US PPI increased 4.6% year on year in February, expected to increase 5.4%, and the previous value increased 6%; US PPI fell 0.1% month-on-month in February, expected to increase 0.3%, and the previous value increased 0.7%.
The US core PPI (excluding food, energy and trade) rose 4.4% year on year in February, which was also better than market expectations of 5.2% and the previous value of 5.4%;
It was flat month-on-month, better than market expectations...