Dow Jones futures rise, up by 0.81%, above 45,800 during European hours, ahead of the United States (US) regular market open on Tuesday. Meanwhile, S&P 500 and Nasdaq 100 futures advance 0.78% and 0.54% to near 6,440 and 23,260, respectively, at the time of writing.
Spain Current Account Balance: €2.73B (January) vs €1.8B
Germany Unemployment Change below expectations (2K) in February: Actual (0K)
Nomura analyst Andrzej Szczepaniak argues that March Euro area inflation will not significantly alter the ECB’s near-term policy stance. They expect policy rates to stay unchanged through Q4 2027, with the Iran war and its impact on Brent crude and energy prices now the key driver of ECB decisions.
Germany Unemployment Rate s.a. in line with expectations (6.3%) in February
Gold (XAU/USD) moves further away from a one-and-a-half-week high, touched earlier this Tuesday, and trades just above the $4,550 level during the first half of the European session, still up for the third straight day.
Societe Generale’s commodities team has revised its Oil outlook, warning Brent could spike towards $150/bbl in a higher‑for‑longer scenario if the Strait of Hormuz is shut for two months.
India Federal Fiscal Deficit, INR climbed from previous 9814.07B to 12526.49B in February
EUR/CAD has recovered its recent losses from the previous trading day, hovering around 1.5990 during the European hours on Tuesday.
Silver (XAG/USD) retreats from a four-day high, around mid-$73.00s touched earlier this Tuesday, though it sticks to positive bias for the third straight day. The white metal trades just above the $72.00 mark during the first half of the European session, up 3.0% for the day.
Standard Chartered’s Nicholas Chia and Chong Hoon Park note that new Bank of Japan (BoJ) data show underlying inflation near or above target and a positive output gap, while USD/JPY testing 160 raises the risk of earlier rate hikes than their current Q3 baseline.
The Euro (EUR) is pulling back against the British Pound on Tuesday, trimming some gains after rallying by more than 0.5% over the previous two days.
