European stocks decline early; Eurostoxx, DAX, CAC 40, and FTSE futures fall after Wall Street losses.
UK house prices fell 0.1% in February, defying expectations. Market dynamics shift as demand slows.
Germany’s industrial orders fell 7.0% in January, driven by a 17.6% drop in other vehicle construction orders.
FX option expiries for USD/CAD at 1.4350-60 may limit movement until labour data; AUD/USD also noted.
Dollar mixed; euro and yen stronger; antipodes lag. ECB hints pause. Key EUR/USD levels: 1.0800, 1.0817.
Market uncertainty grows as Nasdaq nears breakdown. Jobs report and volatility loom amid Trump’s tariff exemptions debate.
The Japanese yen strengthened as Japan nears deflation’s end, impacting currencies, trade developments, and Federal Reserve decisions.
Fed officials discuss monetary policy transmission, economic uncertainty, tariffs, inflation goals, and data-driven decision-making post-COVID.
Nomura forecasts one ECB rate cut in June 2024, revising earlier expectations of cuts in April and June.
China’s exports rose 2.3% in February, below the expected 5%, potentially affecting market perceptions and strategies.
