Bankinter | Empire Manufacturing (February): 7.1 versus 6.2 expected versus 7.7 previous. Bankinter analysis team’s view: The indicator shows that manufacturing activity in NY continues to expand moderately. New Orders remained positive (5.8), reflecting continued growth in demand, albeit at a moderate pace. Shipments weakened and fell to -1.0, signalling a stabilisation after the strength of the previous month (16.3). In the labour market, the Employment Index improved to positive…

Norbolsa | The US budget deficit will grow slightly in 2026 to $1.853 trillion, rising to around 5.8% of GDP, and the average for the next decade will be around 6.1%, according to the Congressional Budget Office (CBO), suggesting that Trump’s economic policies are worsening the US fiscal outlook.

Link Securities | The Department of Labour reported yesterday that import prices rose 0.1% in December compared to November, a reading that was in line with analysts’ consensus forecasts. In December, the increase in non-fuel goods prices offset the decline in energy prices. Excluding fuels, import prices rose 0.2% in December, while non-oil prices rose 0.4%. Price increases were observed in several categories, including food, feed and beverages (0.5%), industrial…

Intermoney | Retail sales stagnated in December, compared to the 0.4% increase we could have expected and the 0.6% in November. It should be noted that at the start of the Christmas season, sales were brought forward to take advantage of some of the discounts at the end of November, which we believe led to greater weakness in the last month of the year. Monthly sales increased in only five…

CdM | US President Donald Trump believes that Kevin Warsh, his nominee for chairman of the Federal Reserve (Fed), can boost the country’s economy to grow at a rate of 15%. He made this statement in an interview on Fox Business, in which he made it clear that if Warsh ‘does the job he is capable of doing,’ the US ‘can grow at 15%, I think even more.’ ‘I think…