Italy posted a €1.089bn January trade surplus, well below the €5.6bn forecast, indicating weaker-than-expected results.
Italy’s EU trade deficit narrowed to €1.138bn in January from €2.447bn, improving by €1.309bn.
Eurozone current account balance fell to €13bn in January from €34.6bn, marking a €21.6bn drop.
Eurozone January seasonally adjusted current account surplus hit €37.9bn, exceeding the €17.2bn forecast by €20.7bn.
Brent slid on de-escalation hopes, but tight supply, falling inventories, and possible Iran sanctions relief keep risks up.
Dollar slid as ECB/BoE hawkishness and oil stayed high; commodity moves dominated FX amid cautious war optimism.
ECB officials cited inflation uncertainty; ECB stays vigilant and ready to act; euro rose then eased.
Markets were quiet as BoE and ECB held rates, Middle East risks persisted, and dollar steadied.
ECB officials warned inflation risks may rise, potentially requiring tighter policy; euro edged up amid uncertainty.
Canadian Dollar outperformed peers, steady near 1.3740 as oil dipped; BoC, Fed seen holding rates longer.
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