Commerzbank’s Chief Economist Dr. Jörg Krämer warns that the sharp March drop in the German Ifo Business Climate Index reflects rising war-related risks rather than current damage.
Bank of England Monetary Policy Committee member Megan Greene said on Wednesday that if their inflation forecasts are right, there is a risk inflation expectations will rise, per Reuters.
Citing informed sources on the matter, Iran's Fars news agency reported on Wednesday that Tehran doesn't see truce and talks as viable in current conditions, despite the United States' increased efforts to establish a ceasefire and begin direct negotiations.
Brown Brothers Harriman’s (BBH) Elias Haddad notes GBP/USD is challenging resistance at its 200-day moving average near 1.3434 as UK inflation remains well above the Bank of England's (BoE) 2% target.
Canada Employment Insurance Beneficiaries Change (MoM) declined to -1.9% in January from previous 0.4%
United States Import Price Index (YoY) increased to 1.3% in February from previous -0.1%
United States Export Price Index (YoY): 3.5% (February) vs 2.6%
United States Current Account above expectations ($-211B) in 4Q: Actual ($-190.7B)
United States Export Price Index (MoM) registered at 1.5% above expectations (0.5%) in February
United States Import Price Index (MoM) above expectations (0.5%) in February: Actual (1.3%)
BNY’s Head of Markets Macro Strategy Bob Savage highlights stronger Japanese activity data, with the Economic Trend Index and machine tool orders pointing to a bottoming-out in growth.
TD Securities strategist Andrew Kelvin notes that the Bank of Canada (BoC) is stressing downside risks to growth and appears willing to look through an energy-driven inflation shock.
