📆 Monday, March 11
► This week, all eyes are set on the US inflation figures due Tuesday. This report is key to deciphering the Fed's next moves. A notable surge in consumer prices might will challenge the current market optimism, suggesting a possible reassessment of the anticipated rate cuts and their impact on the stock market rally.
► In Europe, the Stoxx Europe 600 index experienced a downturn, driven by a notable slump in mining stocks amidst reduced demand from China, affecting commodity prices such as iron ore. This decline reflects broader market sentiments and the intricacies of global supply chains. Spain's retail trade data provided a glimmer of economic resilience, registering a 0.3% year-on-year increase in January, this small increase shows the complex improvement happening in European economies compared to wider world economic patterns.
► In the US, equity futures, mainly the S&P 500 and Nasdaq are little changed. Concurrently, a slight decrease in the 10-year Treasury yield underscores the market's guarded optimism and ongoing expectations of rate cuts as well as its sensitivity to forthcoming economic indicators. The currency landscape reveals the USD’s weakening momentum against a backdrop of a surging JPY, fueled by heightened expectations of a policy shift towards interest rate hikes by the Bank of Japan. This shift underscores a global reassessment of monetary policy outlooks and their implications for currency valuations.
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