Market Minutes

Euro Area inflation holds steady, economy shows resilience in Q1 2024

In April 2024, Euro Area inflation holds steady at 2.4%, while core inflation eases to 2.7%. The Eurozone's Q1 2024 economy grows by 0.3%, exceeding expectations. Bank of Japan's reported intervention in the FX market impacts currency dynamics.

A holiday in Japan, but not a holiday for Yen

Amidst holiday-thinned trading, the yen's sharp slide below 160 against the dollar, followed by a swift rebound, sparks speculation over potential intervention by Japanese authorities amidst concerns over Federal Reserve policy implications.

Yen's intervention challenge

Japanese authorities face a dilemma as the yen declines, with options market signals questioning the effectiveness of intervention.

Markets hold their breath ahead of NFP data

The Non-Farm payroll is highly anticipated to trigger more volatility today as the US Job sector continues to exceed expectations.

Brent Crude prices at over 5-month highs

Geopolitical unrest and supply concerns propel Oil prices

US ISM Manufacturing grows, dollar rises

The US ISM Manufacturing PMI grew for the first time since September 2022

All-Time highs for gold as job data looms

Gold and oil reaching new peaks, investors brace for impact of lower liquidity on market dynamics

Yen stages recovery from three-decade low

Yen rebounds from 34-year low, stocks hold steady

Light news flow as investors await key economic data

Asian and European sessions witness mixed performance amid light news flow

Strong dollar impacting global assets