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February 23, 2026
Euro traded at 1.1800 against USD at 9:00 AM PST
Italy's consumer price inflation eased to the lowest since late 2024 in January. Consumer price inflation slowed to 1.0% in January from 1.2% in December. This was the lowest level recorded since October 2024. Inflation, based on the HICP, also softened to 1.0% in January from 1.2% in the previous month.
Goods prices registered an annual decline of 0.2%, while service prices increased by 2.5%. The gap between the services and goods sectors was equal to +2.7 percentage points. Monthly, consumer prices rose 0.4%. Meanwhile, harmonized prices dropped 1.0%, due to the start of the winter sales of clothing and footwear. 02/23/2026 - 05:58:00 (RTTNews)
German business confidence strengthened to a six-month high in February on an improving assessment of the current situation and an upbeat outlook. The business climate index rose to 88.6 in February from 87.6 in the previous month. The score was the highest since last August. Companies were more satisfied with their current business situation. The current situation index posted 86.7, up from 85.7 in January.
In manufacturing, business confidence strengthened further, mainly driven by considerably better assessments of the current business situation. Goals among manufacturers declined, but the order situation developed positively, and there was an upward correction in production planning. Business sentiment among service providers improved due to a great improvement in goals. They were also more satisfied with the current business situation.
Business confidence in trade declined a little, with companies assessing their current situation as slightly worse. However, the outlook for the coming months was corrected upward marginally. Business confidence in construction continued to improve. Assessments of the current situation were more positive. 02/23/2026 - 05:28:00 (RTTNews)
Singapore's consumer price inflation accelerated in January to the highest level in just over a year amid higher accommodation costs, data published by the Monetary Authority of Singapore (MAS) on Monday. The CPI rose 1.4% year-over-year in January, outpacing the 1.2% increase of 1.2% in December. Further, this was the highest inflation rate since December 2024, when prices had risen 1.5%. Data showed that MAS core inflation also moderated to 1.0% from 1.2%. The slowdown in core inflation was largely due to a moderation in services inflation.
Month-on-month, the total CPI decreased 0.5% in January versus a 0.3% increase in December. Core consumer prices also dropped 0.3%. Accommodation inflation quickened to 1.9% in January from 0.3% due to a larger increase in the cost of housing maintenance and repairs. Prices of retail and other goods rose 0.5% after remaining flat in December. At the same time, food inflation was steady at 1.2%, and private transport inflation moderated to 2.7% from 3.7% due to a smaller increase in car prices and a steeper decline in petrol prices.
Looking ahead, the MSA said that Singapore's imported costs should remain contained. Domestically, unit labor cost growth should edge higher in 2026. MAS Core Inflation and CPI All items' inflation is projected to average 1.0 to 2.0% in 2026. 02/23/2026 - 02:10:00 (RTTNews)
The total volume of retail sales in New Zealand was up a seasonally adjusted 0.9% on quarter in the fourth quarter of 2025. That exceeded goals for an increase of 0.6% following the 1.9% gain in the previous three months. The value of retail sales was NZ$32 billion, up 1.4%.
Twelve of the 15 industries had higher quarterly sales volumes in Q4 compared with Q3. By industry, the largest movements were pharmaceutical and other store-based retailing - up 5.2%; motor vehicle and parts retailing - down 1.7%; electrical and electronic goods retailing - up 2.2%; supermarket and grocery stores - down 1.1%; and hardware, building, and garden supplies - up 2.2%.
Yearly, retail sales were up 4.4% after adding 4.5% in the three months prior. 02/22/2026 - 18:48:00 (RTTNews)
This market update is prepared by Cathay Bank for informational purposes only and does not constitute any form of legal, tax or investment advice, nor should it be considered an assurance or guarantee of future exchange rate movements or trends. This information is provided without regard to the specific objectives, financial situations or needs of any recipient. Cathay Bank does not make any representations or warranties about the accuracy, completeness or adequacy of this market update.
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