Eurozone: Inflation and fiscal shifts shape rates – BNY BNY’s Bob Savage flags unpleasant preliminary March inflation in Europe, driven by energy and refined products, with diesel prices above 2022 levels. Governments are capping fuel costs via tax and margin measures, raising fiscal credibility questions.
Singapore Retail Sales (MoM) increased to 57.5% in February from previous 6.1%
Singapore Retail Sales (MoM): -4.1% (February) vs previous 6.1%
India HSBC Services PMI above expectations (57.4) in March: Actual (57.5)
India HSBC Composite PMI came in at 57, above expectations (56.5) in March
Singapore Retail Sales (YoY) increased to 8.3% in February from previous -0.4%
Singapore Retail Sales (MoM) dipped from previous 6.1% to -4.1% in February
United States CFTC Gold NC Net Positions down to $163.2K from previous $168.3K
United Kingdom CFTC GBP NC Net Positions up to £-52.7K from previous £-58.4K
United States CFTC Oil NC Net Positions fell from previous 233.6K to 213.5K
Eurozone CFTC EUR NC Net Positions down to €0.5K from previous €9.3K
United States CFTC S&P 500 NC Net Positions rose from previous $-80.9K to $-42.5K
Japan CFTC JPY NC Net Positions: ¥-72.9K vs previous ¥-62.8K
Australia CFTC AUD NC Net Positions: $81.5K vs $70.9K
United States S&P Global Composite PMI came in at 50.3, below expectations (51.4) in March
United States S&P Global Services PMI came in at 49.8 below forecasts (51.1) in March
United States Average Hourly Earnings (YoY) registered at 3.5%, below expectations (3.7%) in March
United States Average Hourly Earnings (MoM) below expectations (0.3%) in March: Actual (0.2%)
United States Average Weekly Hours below forecasts (34.3) in March: Actual (34.2)
United States U6 Underemployment Rate fell from previous 7.9% to -8% in March
United States Nonfarm Payrolls above forecasts (60K) in March: Actual (178K)
United States Unemployment Rate came in at 4.3% below forecasts (4.4%) in March
United States Labor Force Participation Rate declined to 61.9% in March from previous 62%
Italy Public Deficit/GDP down to -1.4% in 4Q from previous 3.4%
Turkey Consumer Price Index (YoY) registered at 30.87%, below expectations (31.4%) in March
Turkey Consumer Price Index (MoM) below forecasts (2.32%) in March: Actual (1.94%)