Tag: 安庫爾-班納吉

UK labor and wage data will likely be the focus of market attention as traders analyze these reports to determine when the Bank of England will start its rate-cutting cycle. On the other hand, the Fed may not be in a hurry to start the easing cycle, as retail sales in March were higher than expected, the latest evidence of the vitality of the U.S. economy. Mary Daley, president of the Federal Reserve Bank of San Francisco, was the latest to say that the Fed is in no hurry to cut rates.

European markets are gearing up for a quiet start to the week, with the ECB widely expected to leave rates unchanged but may hint at when it will start cutting, while investors will analyze the latest reading of the US inflation report. Markets will also have a chance to assess US PPI data and the minutes of the Fed's March meeting, while UK GDP data will be released at the end of the week. Fed speakers such as John Williams, Mary Daly and Raphael Bostic will also be speaking this week.

Another day, another warning from Tokyo curbed the yen's decline, as the Asian currency inched closer to the 34-year low of 151.975 yen it hit last week, prompting repeated warnings of intervention. Japan's finance minister, Shunichi Suzuki, reiterated his warning of a bear market for the yen on Tuesday as Tokyo tries to prevent the currency's decline from destabilizing. After the initial shock of stronger-than-expected U.S. manufacturing data, which made the market skeptical about the Fed's timing for a rate cut, the market seems to be taking more and more evidence of economic strength in stride.