-
European stock markets traded sideways today, ignoring disappointing eco data. US stock markets also opened nearly unchanged.
-
Sentiment towards the euro zone economy edged down, but stayed buoyant in March. The European Commission's monthly sentiment main index dipped to 107.9 points from 108.0 in February, remaining well above its long‐term average of 100.
-
German consumer inflation slowed more sharply than expected in March. German HICP rose by 1.5 Y/Y after reaching a cycle high of 2.2 percent in February. Spanish inflation also tumbled from 3.0% Y/Y to 2.1%. Today's data of the EMU member states indicate a substantial easing of the preliminary EMU inflation to be released tomorrow.
-
The Czech Central bank kept its policy rate unchanged at ‘technically zero'. The bank also maintained the cap on the koruna exchange rate. However, the bank indicated that the koruna cap may end at time after the hard pledge expires.
-
South African President Jacob Zuma's battles with his finance minister threaten a long‐sought decline in the country's inflation rate, the governor of the country's central bank warned as the bank announced it would keep its interest rates on hold at 7%.
-
US eco data were mixed with a small upward revision to Q4 GDP from 2% Q/Qa to 2.1% Q/Qa, on the back of stronger than forecast personal consumption (3.5% Q/Qa). US weekly jobless claims were higher than expected at 258k, while a decline from 261k to 247k was expected.
-
More than one in two French voters believe struggling Socialist candidate Benoit Hamon should drop out of the presidential race in favour of a rival left‐winger who has overtaken him in surveys of voting intentions, a poll showed.
-
Cleveland Fed Mester says additional interest‐rate increases will be needed if economy continues to improve as expected. She would also be comfortable with changing the reinvestment policy to the shrink balance sheet, beginning later this year
This non-exhaustive information is based on short-term forecasts for expected developments on the financial markets. KBC Bank cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct or consequential loss arising from any use of this document or its content. The document is not intended as personalized investment advice and does not constitute a recommendation to buy, sell or hold investments described herein. Although information has been obtained from and is based upon sources KBC believes to be reliable, KBC does not guarantee the accuracy of this information, which may be incomplete or condensed. All opinions and estimates constitute a KBC judgment as of the data of the report and are subject to change without notice.
Recommended Content
Editors’ Picks
EUR/USD drops below 1.0800 after German Retail Sales data
EUR/USD has come under fresh selling pressure and trades below 1.0800 after the data from Germany showed that Retail Sales declined by 1.9% MoM in February. Resurgent US Dollar demand is adding to the downside in the pair. US data are next in focus.
GBP/USD stays weak near 1.2600 amid market caution
GBP/USD remains defensive near 1.2600 in European trading on Thursday. The hawkish tone from Fed Governor Christopher Waller keeps the US Dollar afloat amid a cautious trading environment ahead of key US data releases and the Good Friday trading lull.
Gold price bulls keenly await US PCE Price Index on Friday before placing fresh bets
Gold price (XAU/USD) continues with its struggle to make it through the $2,200 mark on Thursday and oscillates in a narrow trading band through the early part of the European session.
XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC
XRP programmatic sales ruling by Judge Torres was completely rejected by another US Court that ruled in favor of the SEC in a lawsuit against Coinbase.
The other terminal rate: How far will policy rates be cut?
Recent communication by the Federal Reserve and the ECB has made it clear that the first cut in official interest rates is coming. Both central banks are saying the same but the ECB communication is more opaque than that of the Fed.