📆 Monday, April 1
► In Europe, equity markets remain closed but are likely to extend their recent gains as markets have time to digest the US inflation data, which appears to confirm expectations of imminent rate cuts by the Federal Reserve this year. European markets will be influenced by the release of CPI and unemployment figures in the Eurozone later in the week.
► In the US, futures got off to a positive start after a mixed close in the previous session, focusing on upcoming economic data releases. Core PCE price index data released last Friday showed a 0.3% month-on-month increase for February, which was in line with expectations and a slowdown from the revised 0.5% increase in January. Year-on-year, the core PCE reading rose 2.8%, still above the Fed's 2% target. The data, which is in line with the Fed's efforts to fight inflation, fuels ongoing speculation about possible rate cuts, with Fed Chairman Jerome Powell emphasizing that more evidence of a sustained decline in inflation is needed before monetary easing can be considered.
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