Important part of ECB decision is any signal of rate cut timing after US CPI shocks market
- Hot US CPI reading may be in rear view mirror but effects persisting today as traders bet that the inflation fight is not over.
Source: fxstreet.com
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- Hot US CPI reading may be in rear view mirror but effects persisting today as traders bet that the inflation fight is not over.
- Quiet weekend of news with little change to macro narrative since Friday.
EU mid-market update: Overextended US equity rally given a scare but attempts to return to business as usual; China responds to tariffs with export bans.
- Risk appetite was on following the great monetary pivot, further dovish international central bank commentary in session.
Asia Market Update: Relief as risk-back-on after overnight decline in USTs and oil falling