Singapore Foreign Reserves (MoM) climbed from previous 416.1B to 419.2B in March
Singapore Foreign Reserves (MoM) climbed from previous 416.1B to 419.2B in March
Gold: Central bank demand supports downside floor – ING
ING analysts Ewa Manthey and Warren Patterson highlight that central banks have resumed strong Gold buying, with February net purchases led by Poland and continued accumulation by China, Czech Republic and others.
Spain 6-Month Letras Auction up to 2.362% from previous 2.059%
Spain 6-Month Letras Auction up to 2.362% from previous 2.059%
ECB: Focus on expectations as Oil shock bites – Commerzbank
Commerzbank’s Chief Economist Dr. Jörg Krämer argues that the European Central Bank should respond to the recent Oil price shock by prioritizing long-term inflation expectations. He notes that higher energy costs are both lifting inflation and weighing on growth, creating a policy dilemma.
Spain 12-Month Letras Auction rose from previous 2.121% to 2.611%
Spain 12-Month Letras Auction rose from previous 2.121% to 2.611%
US: Fed data watch shapes rate outlook – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights a busy US data calendar for the Dollar, with February PCE, March CPI and the University of Michigan survey guiding inflation expectations.
WTI Crude Oil steadies above $103.00 with Iran’s deadline looming
The US benchmark West Texas Intermediate Oil (WTI) hesitates near four-week highs on Tuesday. Price action remains steady above the 103.00 per barrel, but attempts to extend gains beyond 105.00 have been capped with US President Donald Trump’s deadline on Tehran approaching.
United Kingdom S&P Global Composite PMI below expectations (51) in March: Actual (50.3)
United Kingdom S&P Global Composite PMI below expectations (51) in March: Actual (50.3)
Eurozone Sentix Investor Confidence: -19.2 (April) vs previous -3.1
Eurozone Sentix Investor Confidence: -19.2 (April) vs previous -3.1
United Kingdom S&P Global Services PMI below forecasts (51.2) in March: Actual (50.5)
United Kingdom S&P Global Services PMI below forecasts (51.2) in March: Actual (50.5)
Dow Jones futures slip as traders adopt caution ahead of Trump’s Iran deadline
Dow Jones futures fall 0.2% to near 46,800 during European hours on Tuesday, ahead of the regular United States (US) open. Meanwhile, S&P 500 and Nasdaq 100 futures also decline 0.34% and 0.45% to near 6,620 and 24,250, respectively, at the time of writing.
Brent: Conflict scenarios keep prices elevated – Societe Generale
Societe Generale’s Commodity Compass Analytics (CCA) team, led by Michael Haigh, Ben Hoff and Jeremy Sellem, highlights that Dated Brent at $141/bbl reflects severe physical tightness as Strait of Hormuz flows remain impaired.