Look ahead: US inflation; FOMC minutes; BoC and RBNZ rate decision; Tesco
Investors bide their time until a key US inflation report lands and potentially sheds light on the path of interest rates. In the meantime, we get the latest FOMC minutes.
The Bank of Canada and Reserve Bank of New Zealand are widely expected to keep rates unchanged. Plus, Tesco and Delta Air Lines report earnings.
(AI Video Summary)
Investors await US inflation report
In today's "Look ahead" to Wednesday, 9 April, Angeline Ong discusses the anticipation surrounding the upcoming US inflation figures after a strong payroll report, affecting global markets, including the cautious Australian dollar and New Zealand dollar ahead of New Zealand's interest rate decision, expected to hold at 5.5%.
Maket news
The Forex and stock markets brace for impacts, with the US dollar and key company earnings like Tesco and Delta Airlines in focus. Inflation data, oil inventories, FOMC minutes, Japanese producer prices, and Canadian rates are watched closely, highlighting concerns on stagflation and market movements.
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