Financial News

US initial claims hold steady at 212,000, unadjusted claims drop; Philly Fed survey shows growth despite challenges; market remains optimistic.

A full-scale Middle East conflict is unlikely but any further escalation of tensions would have significant adverse consequences for commodity markets and inflation, affirming geopolitical developments as a core economic challenge globally.

Total motor gasoline inventories declined by 1.2 million barrels from the previous week.

UK Inflation Softens to 3.2% in March: The BoE hawks could postpone rate cut talks after the March numbers beat expectations.

March Housing Starts Plummet, Indicating Instability – Housing Starts decline sharply by 14.7% to 1.32 million units.

Mixed signals from China: Industrial production and retail sales falter, while fixed asset investment and lower unemployment hint at momentum shift.

Builder sentiment was unchanged as mortgage rates remained close to 7%.

Strong retail sales data suggests resilience in consumer spending. Ongoing inflationary pressures warrant cautious outlook.

It is an important week for the global financial markets, with data likely to influence near-term central bank monetary policy goals.

Investor jitters prevail despite BTC-spot ETF inflows: Market uncertainty looms as the Bitcoin Halving Event draws near.

Year-ahead inflation expectations increased from 2.9% to 3.1%.

JPMorgan’s profit rises 6% to $13.42B, credit loss provisions down 17%, forecasts growth.

The EIA report disappoints bulls as natural gas demand stays weak.

March’s PPI sees modest rise with financial services growth and energy sector’s decline, contrasting with other strong areas.

Consumer and producer prices in China signal a weaker demand environment, with March data indicating a downward trend, contrasting with recent PMI surveys.

Domestic oil production remained unchanged at 13.1 million bpd despite rising oil prices.

March’s CPI and core CPI uptick signal extensive inflation, potentially steering stocks bearish and prompting Fed’s rate strategy reassessment.

Japan’s sovereign Outlook was revised to Stable from Negative by Scope Ratings on 22 March due to higher inflation and its positive effects on debt sustainability.

German trade surplus contracts in February as exports falter, while imports climb. German industrial production benefits from autos and construction.

Beyond the US dollar, the ECB, the Bank of Canada and RBNZ deliver interest rate decisions with economic data from Japan and China also in the spotlight.