Faster growth. According to European Commission the economic growth in the EU will reach 2.7% in 2007, while in eurozone 2.4%. This is higher than the previous forecast (2.4% and 2.1% respectively).
Chinese central bank increased minimal reserve requirements in order to limit fast economic growth. After this restrictive measure, the reserve requirements rate will increase to 10% from previous 9.5% with large banks and to 10.5% from 10% with small banks.v
Consumers’ sentiment index of Michigan University decreased in February to 93.3 from 96.9 in January. Market expected 96.5.
US producers price index decreased by 0.6% m/m in January, core index increased by 0.2% which is in line with market consensus. Production inflation decreased to 0.2% y/y.