DBS Group Research economists Radhika Rao and Chua Han Teng stress Singapore’s strong growth momentum, AI-related tailwinds and low inflation, but warn that higher Oil costs and supply chain disruptions could pressure consumers, exporters and manufacturers while MAS policy depends on Brent dynamics.

Morgan Stanley submitted an amended S-1 filing to the US Securities and Exchange Commission (SEC) on Wednesday, providing additional details on its proposed Bitcoin (BTC) exchange-traded fund (ETF).

The Dow Jones Industrial Average traded 312 points higher, or 0.65%, at 48,807 at the time of writing on Wednesday, clawing back most of Tuesday's losses after a session that saw the index drop as much as 1.2K points intraday before closing down 403 points.

Silver (XAG/USD) advances on Wednesday, trading around $83.80 at the time of writing, up 1.60% on the day. The precious metal is rebounding after a steep correction seen over the previous two days, during which prices fell sharply amid broad liquidation across precious metals.

Nordea Chief Economist Helge J. Pedersen discusses how Denmark’s strong public finances and rising employment provide a solid base to absorb sharply higher defense spending mandated by NATO’s new 5% of GDP target.

The Japanese Yen (JPY) trades on the front foot against the US Dollar (USD) on Wednesday as the Greenback pauses after two days of strong gains, allowing the Yen to recover modestly. However, market sentiment remains cautious amid escalating tensions from the ongoing US-Iran war.

Russia Unemployment Rate came in at 2.2%, below expectations (2.3%) in February

The Pound Sterling recovers some ground versus the US Dollar, though tensions in the Middle East remain high, pushing macroeconomic data releases onto the backseat.

United States EIA Crude Oil Stocks Change came in at 3.475M, above expectations (2.2M) in February 27

Bittensor (TAO), a leading Artificial Intelligence (AI) token, is aging up above $190 at the time of writing on Wednesday. Steady price increases characterise the broader crypto market, with Bitcoin (BTC) holding above $71,000 and Ethereum (ETH) above $2,000.

Rabobank’s Senior Macro Strategist Stefan Koopman argues that the recent surge in Oil and natural gas prices has derailed expectations for near-term Bank of England rate cuts, with the policy rate now seen on hold through 2026.

Economic activity in the US service sector gathered momentum in February, with the ISM Services PMI advancing to 56.1 from 53.8 in the previous month, coming in above analysts' expectations of 53.5.

United States ISM Services PMI came in at 56.1, above expectations (53.5) in February

United States ISM Services New Orders Index: 58.6 (February) vs 53.1

United States ISM Services Employment Index rose from previous 50.3 to 51.8 in February

United States ISM Services Prices Paid dipped from previous 66.6 to 63 in February

AUD/USD trades with little direction on Wednesday, hovering around 0.7040 at the time of writing.

United States S&P Global Composite PMI below expectations (52.3) in February: Actual (51.9)

United States S&P Global Services PMI registered at 51.7, below expectations (52.3) in February

EUR/USD holds firm on Wednesday after briefly slipping to a three-month low on Tuesday. The pair stabilises as the US Dollar (USD) takes a breather following a two-day rally, with the Euro (EUR) drawing modest support from upbeat Eurozone economic data.

DBS Group Research economists Radhika Rao and Daisy Sharma use their GDP Nowcast model to assess India’s real GDP trajectory. They note that India’s 4Q FY25 growth remained strong but is likely to ease in 1Q26.

Commerzbank’s Antje Praefcke notes that the Norwegian Krone has been one of the best performers, helped by a hawkish shift in Norges Bank expectations after stronger January inflation and higher Oil prices.

National Bank of Canada (NBC) economist Taylor Schleich highlights that since 2022, U.S. real GDP growth have outpaced Canada.

NZD/USD rebounds on Wednesday, gaining 0.45% to trade around 0.5920 at the time of writing, as the US Dollar (USD) weakens after two days of solid gains.

Stephen Miran, Federal Reserve (Fed) Governor, said that it’s too early to have firm views about the impact the conflict in Iran will have onto the economy in an interview with Bloomberg TV on Wednesday.

Deutsche Bank’s Sanjay Raja and Shreyas Gopal warn that renewed energy price shocks are clouding the UK inflation outlook. They note that Oil and gas prices have surged, and that around half of the UK CPI basket is now highly energy‑intensive, especially services.

USD/CHF trades under mild pressure on Wednesday after choppy two-way price action, as the US Dollar (USD) eases following a two-day rally while traders assess Swiss inflation data alongside intervention warnings from the Swiss National Bank (SNB).