Aluminium: Supply shock risk supports prices – ING
ING’s Ewa Manthey and Warren Patterson report Aluminium prices above $3,500/t after unconfirmed reports of major Gulf smelter disruptions at EGA and Alba.
Dow Jones futures plunge as risk aversion increases after Trump’s comments
Dow Jones futures decline 0.88%, below 46,400 during European hours on Thursday, ahead of the United States (US) regular market open. Meanwhile, S&P 500 and Nasdaq 100 futures fall 1.1% and 1.4% below 6,550 and 23,900, respectively, at the time of writing.
USD/INR declines as RBI’s squeeze measures support Indian Rupee
The Indian Rupee (INR) extends its two-day recovery against the US Dollar (USD) on Thursday. The USD/INR pair declines to near 93.65 as the Indian currency attracts bids following the Reserve Bank of India (RBI) 's announcement of additional measures to curb speculative activity.
EUR/GBP: BoE Rate hike repricing supports gains – Commerzbank
Commerzbank’s Michael Pfister highlights that Bank of England (BoE) Governor Andrew Bailey has pushed back against aggressive tightening expectations, stressing labour market weakness and limited pricing power.
Italy Retail Sales n.s.a (YoY) dipped from previous 2.3% to 1.6% in February
Italy Retail Sales n.s.a (YoY) dipped from previous 2.3% to 1.6% in February
US Dollar Index (DXY) rallies beyond 100.00 as hopes of peace in Iran fade
The US Dollar (USD) is regaining lost ground on Thursday, and the DXY returns to levels above the 100.00 line at the time of writing, buoyed by the risk-averse sentiment. US President Donald Trump crushed hopes of a swift end to the Iran war and sent the Greenback higher across the board.
USD: Risk-off tone supports Dollar – ING
ING analysts Francesco Pesole, Frantisek Taborsky and Chris Turner note that the US Dollar has regained support as risk-off sentiment returns following renewed Middle East escalation and uncertainty around the Strait of Hormuz.
ECB’s Panetta: Tensions in energy markets are a cause for concern for financial stability
European Central Bank (ECB) executive board member Fabio Panetta said during European trading hours on Thursday that global energy crisis could impact financial stability.
Turkey Exports climbed from previous $21.1B to $21.9B in March
Turkey Exports climbed from previous $21.1B to $21.9B in March
Italy Retail Sales s.a. (MoM) came in at 0% below forecasts (0.4%) in February
Italy Retail Sales s.a. (MoM) came in at 0% below forecasts (0.4%) in February
France 10-y Bond Auction rose from previous 3.39% to 3.73%
France 10-y Bond Auction rose from previous 3.39% to 3.73%
EUR/JPY trades flat around 184.00 as investors seek clarity on ECB-BoJ policy outlook
The EUR/JPY pair trades in a tight range around 184.00 during the European trading session on Thursday. The pair consolidates as investors seek fresh cues regarding how monetary policies by the European Central Bank (ECB) and the Bank of Japan (BoJ) will flare going ahead.