Market News

United Kingdom Retail Price Index (MoM) came in at 0.4% below forecasts (0.5%) in February

United Kingdom Retail Price Index (YoY) came in at 3.6%, below expectations (3.7%) in February

Sweden Producer Price Index (MoM): 0.2% (February) vs previous 2.4%

Sweden Producer Price Index (YoY) rose from previous -2% to -1.7% in February

Austria HICP (YoY) increased to 2.3% in February from previous 2%

TD Securities stategists expect the Bank of Canada to keep its overnight rate at 2.25% with a cautious tone, as growth and inflation run below projections. They highlights elevated uncertainty and new inflation risks from the Iran conflict and higher Oil prices.

Austria HICP (MoM) meets forecasts (0.8%) in February

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losing streak for the third successive session and trading around 99.50 during the early European hours on Wednesday.

Here is what you need to know on Wednesday, March 18:

Silver price (XAG/USD) holds positive ground near $79.90 during the early European session on Wednesday. Escalating tensions in the Middle East push demand toward safe-haven assets like silver.

Gold (XAU/USD) reverses a modest intraday dip and trades just above the $5,000 psychological mark during the first half of the European session on Wednesday.

South Africa Consumer Price Index (MoM) rose from previous 0.2% to 0.4% in February