Market News

Italy Consumer Price Index (EU Norm) (YoY) unchanged at 1.5% in March

Greece Retail Sales (YoY) down to 4.5% in January from previous 5.1%

Eurozone Harmonized Index of Consumer Prices (YoY) registered at 2.5%, below expectations (2.7%) in March

Deutsche Bank’s Marc Schattenberg notes that the German labor market shows little evidence of a spring recovery, with unemployment still slightly above 3 million and seasonally adjusted figures flat.

Rabobank’s Global Strategist Michael Every argues US strategic aims in Gulf War 3 and control of Middle East energy could reshape US hegemony and the Dollar’s backdrop.

The USD/JPY pair ticks lower to near 159.60 during the European trading session on Tuesday.

Commerzbank’s Volkmar Baur highlights that RBA minutes show March’s back‑to‑back rate hike was a closer call than markets assumed. Board members agreed more tightening is needed but differed on timing, with the March move mainly aimed at preserving flexibility.

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