Eurozone Inflation Data and Other Market Developments in Focus
Friday, 1 March 2024, 06:20
Market Overview
Major currencies are trading flat this week, with the dollar maintaining stability despite fluctuations in stock prices and yields. USD/JPY is making a significant recovery, while other currencies are lackluster.
Market Conditions
- Stock markets are slightly higher after recent volatility at month-end.
- Treasury yields remain unchanged this week, creating a standstill situation.
- Gold is nearing key resistance levels, currently priced at $2,046.
Data Releases
- Manufacturing PMI data will be released in Europe today, but most attention is on Eurozone inflation data.
- Eurozone inflation numbers are expected to confirm decreasing price pressures, potentially signaling rate cuts.
If core inflation exceeds expectations, it could impact rate cut projections for April.
Several economic releases are scheduled throughout the day, including housing prices in the UK and manufacturing PMI reports across various European countries.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.