21:01:47
European crude oil and petroleum product inventories reached 1.015 billion barrels in March, up 3.4% from February and 1.3% year-on-year.
21:01:19
World Trade Organization: Global trade in goods is estimated to fall by 1.2% in 2023.
21:01:06
World Trade Organization: Global trade in goods is expected to grow by 3.3% in 2025.
21:00:46
World Trade Organization: Lowered the forecast for global merchandise trade growth in 2024 to 2.6% (previously forecast to be 3.3%).
20:57:05
[Institution: Slow progress in fighting inflation, the dollar may continue to rise] Michael Brown, a market analyst at Pepperstone, said that the CPI report was worrying, with the overall CPI higher than expected for the third time this year, while core inflation remained unchanged on both a month-on-month and year-on-year basis. Progress in fighting inflation is still significantly slower than FOMC policymakers would like to see. Although there are two more CPI reports and two more PCE reports before the June interest rate meeting, these data clearly tilt the balance of risks toward a delayed start of the easing cycle and fewer rate cuts, with overnight index swaps (OIS) now suggesting only a 50 basis point rate cut this year. These data are likely to keep the dollar rising as the risks to the FOMC outlook increasingly lean toward hawks, while G10 peers are expected to start their easing cycle as early as June.
20:54:46
France expects its fiscal deficit to be 2.9% in 2027, compared with a previous forecast of 2.7%.
20:54:38
France expects its fiscal deficit to be 5.1% in 2024 and 4.1% in 2025.
20:54:16
Spot silver has now fully recovered the losses since the release of the CPI report and is now trading at $28.12 per ounce.
20:46:13
The first Fed rate cut, which was fully priced in by the swap market, was pushed back to November from September.
20:44:37
The British pound sterling against the US dollar GBP/USD fell below 1.26, down 0.62% on the day.
20:40:58
UK five-year gilt yields rose to their highest level since March 19 at 3.991%, up 7 basis points on the day.
20:40:42
Money markets expect the ECB to cut rates by around 80 basis points in 2024, compared with 87 basis points before the U.S. data.
20:40:13
The three-month copper contract on the London Metal Exchange (LME) turned lower after the release of US inflation data, falling 0.1% to $9,408 per ton.
20:37:56
After the release of US CPI data, Russell 2000 futures fell more than 3%.
20:37:31
U.S. stock index futures fell, with Dow futures down 1%, S&P 500 futures down 1.3% and Nasdaq futures down 1.6%.
20:37:17
Bitcoin fell by $1,000 in the short term, falling below $68,000 per coin, down 1.54% on the day.
20:36:46
[USD/JPY rises above 150, intervention risk rises] Institutional analysis pointed out that the hot US CPI data and the USD/JPY rise above 152, the highest level since 1990, may trigger more verbal intervention from the Japanese. At the same time, foreign exchange traders suspect that when the Japanese authorities are convinced that momentum investors are overextended, the actual level of intervention will be higher.
20:36:11
The swap market shows that the Federal Reserve will only cut interest rates by 50 basis points this year.
20:35:20
European bonds fell as U.S. CPI rose more than expected.
20:35:02
Treasury yields surged after the release of the US March CPI data.