UK inflation held at 3.0%; services stayed high. Iran-driven energy rises may lift CPI, delaying BoE cuts.
USD/INR eases to 94.30 as oil softens on ceasefire hopes; RBI intervention suspected; volatility risks remain.
Germany’s Ifo expectations index held steady at 86 in March, matching forecasts and signaling unchanged sentiment.
Germany’s Ifo current assessment index rose to 86.7 in March, beating forecasts by 0.7 points.
Germany’s Ifo business climate index climbed to 88.6 in March, beating expectations of 86.1 overall.
Switzerland’s ZEW expectations index fell sharply in March, sliding from 9.8 to -35, signaling weaker outlook.
Gold edged higher in Europe but stayed under $4,600 as US–Iran tensions eased, keeping volatility elevated.
US stock futures rose after Middle East truce proposal reports, despite denials, ahead of key earnings.
Developed market central banks may not deliver all priced hikes as demand weakens; stagflation risks rise. Utilities outperform.
UK inflation hit 3% as expected; core and services stayed firm, limiting rate cuts amid rising costs.
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