📆 Thursday, March 14
► The Stoxx Europe 600 sees modest gains, bolstered by sectors such as energy and technology, though tempered by losses in health. Comments from the European Central Bank hints at potential rate cuts, sparking attention towards the central bank's next moves. This cautious optimism underpins market sentiment, awaiting decisive indicators that could shape the Fed's rate strategy. Inflation rates across Europe present a varied picture, with Spain seeing a significant drop to 2.8%, marking a six-month low
► In the US, futures on the S&P 500 and Nasdaq 100 show similar gains as in Europe in US pre-market trading, suggesting a cautiously optimistic outlook. Meanwhile, Treasury yields and the USD index exhibit stability, reflecting the market's contemplation of Federal Reserve rate cut expectations against the backdrop of recent inflation readings. This tempered optimism highlights the market's sensitivity to the interplay between economic data and monetary policy. Investors globally brace for forthcoming US producer price & retail sales data (12:30 UTC+0), the market's focus sharpens on potential implications for Federal Reserve's monetary stance.
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