• Wall Street indices traded higher today, erasing part of yesterday's post-CPI sell-off. S&P 500 gains 0.6%, Nasdaq rallies 1.2% and small-cap Russell 2000 adds 0.5%. Dow Jones trades flat
  • European stock market indices finished today's trading lower. German DAX dropped 0.8%, UK FTSE 100 declined 0.5%, French CAC40 moved 0.3% lower while Spanish Ibex and Italian FTSE MIB plunged around 1% each
  • USD continued to post-CPI move higher today, with EURUSD testing the 1.0700 area in the afternoon. However, part of USD strength faded in the evening
  • Cryptocurrencies traded mostly lower today, with BinanceCoin dropping 0.6%, Dogecoin moving 3.3% lower and Ripple declining 1%. Bitcoin and Ethereum traded 0.1-0.2% higher
  • AUD and CHF are the best performing major currencies, while JPY and EUR lagged the most
  • Energy commodities traded lower today, with US natural gas prices plunging over 6% following bigger-than-expected inventory build signalled by EIA
  • EIA report showed a 24 billion cubic feet increase in US natural gas inventories (exp. +10 bcf)
  • Oil loses more than 1% after the media reported that Iran postponed its attack on Israel
  • European Central Bank left interest rates unchanged at a meeting today, in-line with market expectations. Deposit rate was left unchanged at 4.00% for the fifth meeting in a row
  • ECB President Lagarde said during post-meeting press conference that a few members felt confident on inflation to cut rates already today 
  • Amazon shares gains 1.5% and hit all-time-highs as CEO Andy Jassy confirms cost cutting strategies and AI investment in shareholder letter
  • Broadcom surges almost 4.5% amid business partnership with Google Cloud and Apple gains 2.5% after M4 AI chip inside MACs available from Q4 2024 / Q1 2025
  • Fed Williams said that inflation fell faster than expected last year, but recent inflation has been disappointing. Williams expects inflation to reach 2% target by the next year
  • Fed Barkin said it is smart to take time to see if inflation slows as recent data raises questions if we are seeing a shift
  • Fed Collins said that recent inflation data hasn't changed her view about the outlook. Collins also said that economic strength may mean that Fed policy is not as restrictive as Fed thought
  • BoE Greene said that she expects inflation target to be hit briefly in May
  • Headline US PPI inflation accelerated from 1.6 to 2.1% YoY in March (exp. 2.2% YoY), while core PPI accelerated from 2.1 to 2.4% YoY (exp. 2.3% YoY)
  • US initial jobless claims came in at 211k (exp. 215k), while continuing claims came in at 1817k (exp. 1800k)
  • Chinese CPI inflation slowed from 0.7 to 0.1% YoY in March (exp. 0.4% YoY), while PPI inflation came in at -2.8% YoY (exp. -2.8% YoY)