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.
ECB’s Wunsch: I’m going to the meeting in April being open
European Central Bank (ECB) policymaker and the head of Belgium's central bank, Pierre Wunsch, said in the Wall Street Journal’s (WSJ) What's News podcast conducted on Monday and released on Tuesday that the central bank could deliver an interest rate hike in the April meeting to limit the effect of
DXY: Bracing for deadline risk – ING
ING’s Chris Turner notes the Dollar (USD) remains supported as investors await a White House deadline linked to the US-Iran conflict and elevated energy prices. Strong US jobs data and resilient activity could see markets price Federal Reserve (Fed) hikes if Oil rises further.
China Foreign Exchange Reserves (MoM) came in at $3.342T below forecasts ($3.4T) in March
China Foreign Exchange Reserves (MoM) came in at $3.342T below forecasts ($3.4T) in March
Eurozone HCOB Composite PMI above expectations (50.5) in March: Actual (50.7)
Eurozone HCOB Composite PMI above expectations (50.5) in March: Actual (50.7)