📆 Tuesday, March 12
► European markets showed resilience and optimism today, with the Stoxx 600 index climbing 0.35%, primarily driven by gains in the energy, basic resources, and technology sectors. In the UK, labor market data showed signs of a cooling, as the unemployment rate unexpectedly rose to 3.9%, supporting the BoE's interest rate cut expectations. Inflation Rate in Germany decreased to 2.5%, meeting consensus. This upward trajectory in European stocks sets a positive tone as investors across the globe brace for the US inflation data (due at 12:30 UTC+0), keenly watched for its potential influence on future Federal Reserve actions.
► US equity futures rose, with S&P 500 and Nasdaq 100 futures rising by 0.2% and 0.4% respectively. The market's eyes are fixed on the upcoming US inflation report, expected to shape the Federal Reserve's rate strategy moving forward. Predictions indicate a potential 0.9% swing post-CPI report, highlighting the market's sensitivity to inflation data.
Subscribe to see more
