All Eyes on US CPI Data as Markets Brace for Impact

Tuesday, 12 March 2024, 05:18

The Japanese yen weakened following BOJ governor Ueda's remarks, leading to USD/JPY rising. Market activity is relatively subdued awaiting the US CPI data release later today. US futures show a modest increase, with tech shares leading the bounce. In European trading, focus shifts to UK labor market data amid methodological changes. Key economic indicators including CPI figures and employment data are in the spotlight, shaping market sentiments and future policy outlooks.
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All Eyes on US CPI Data as Markets Brace for Impact

Market Movements and Expectations

The Japanese yen weakened after BOJ governor Ueda's remarks, boosting USD/JPY levels. Market activity is subdued as eyes turn to the upcoming US CPI data release.

US Futures and European Trading

  • US futures are showing a modest bounce, led by tech shares.
  • In European trading, focus is on the UK labor market report amid methodology changes.

Key Economic Indicators

  1. Germany and UK see various economic releases, including CPI figures and employment data.
  2. The US NFIB small business optimism index is scheduled for release later today.

Stay updated on the latest data and market movements to enhance your trading strategies and decisions.


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.


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