Standard Chartered economists Dan Pan and Steve Englander argue that additional US tax refunds under the OBBBA will be smaller than markets and Congress expect, limiting their impact on 2026 US growth.
Bank of Japan (BoJ) policymaker Toichiro Asada said during European trading hours on Wednesday that higher oil prices have prompted upside inflation risks.
ING’s Ewa Manthey and Warren Patterson report that Gold has extended gains for a third session, with spot prices moving above $4,700/oz as hopes grow that war in the Middle East could end within weeks.
United Kingdom S&P Global Manufacturing PMI below forecasts (51.2) in March: Actual (51)
Societe Generale analysts Reo Sakida and Jin Kenzaki highlight stronger‑than‑expected resilience in Japan’s non‑manufacturing sector in 1Q, based on the 4Q25 Tankan survey.
Dow Jones futures gain by 0.64%, trading near 46,900 during European hours on Wednesday, ahead of the United States (US) regular market open. Meanwhile, S&P 500 and Nasdaq 100 futures rise 0.72% and 1.06% to near 6,620 and 24,170, respectively, at the time of writing.
The US Dollar (USD) is trading lower against its main peers on Wednesday, as Trump’s comments hinting at a swift end to the war in Iran have boosted investors’ appetite for risk.
Danske Research Team points to softer US labour indicators and lower yields as headwinds for the US Dollar (USD). JOLTS openings fell and the openings-to-unemployment ratio dropped, hinting at weaker wage growth.
Italy Unemployment meets forecasts (5.3%) in February
Eurozone HCOB Manufacturing PMI above forecasts (51.4) in March: Actual (51.6)
Greece S&P Global Manufacturing PMI up to 54.5 in March from previous 54.4
Gold (XAU/USD) sticks to its intraday gains through the first half of the European session and currently trades above the $4,700, close to a nearly two-week high touched earlier this Wednesday.
